Postrock Partners LLC Makes New $1.71 Million Investment in ANSYS, Inc. (NASDAQ:ANSS)

Postrock Partners LLC purchased a new position in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 5,076 shares of the software maker's stock, valued at approximately $1,712,000. ANSYS comprises approximately 0.8% of Postrock Partners LLC's portfolio, making the stock its 26th biggest holding.

Other institutional investors and hedge funds have also bought and sold shares of the company. Nomura Asset Management Co. Ltd. grew its position in ANSYS by 7.2% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 28,351 shares of the software maker's stock worth $9,033,000 after acquiring an additional 1,914 shares during the last quarter. Caldwell Investment Management Ltd. purchased a new position in shares of ANSYS during the third quarter valued at approximately $1,560,000. KBC Group NV increased its stake in shares of ANSYS by 20.9% during the third quarter. KBC Group NV now owns 110,928 shares of the software maker's stock valued at $35,345,000 after buying an additional 19,149 shares during the period. CIBC Asset Management Inc increased its stake in shares of ANSYS by 5.9% during the third quarter. CIBC Asset Management Inc now owns 27,116 shares of the software maker's stock valued at $8,640,000 after buying an additional 1,518 shares during the period. Finally, FNY Investment Advisers LLC increased its stake in shares of ANSYS by 78.7% during the fourth quarter. FNY Investment Advisers LLC now owns 6,037 shares of the software maker's stock valued at $2,036,000 after buying an additional 2,659 shares during the period. 92.39% of the stock is currently owned by institutional investors.

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ANSYS Stock Down 0.3 %

ANSS stock traded down $1.13 during midday trading on Tuesday, hitting $323.82. The stock had a trading volume of 473,705 shares, compared to its average volume of 429,874. The firm has a market cap of $28.38 billion, a price-to-earnings ratio of 49.44, a price-to-earnings-growth ratio of 3.48 and a beta of 1.11. The business has a 50-day moving average of $338.41 and a two-hundred day moving average of $333.76. ANSYS, Inc. has a 52-week low of $289.82 and a 52-week high of $363.03. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.01 and a quick ratio of 3.01.

ANSYS (NASDAQ:ANSS - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The software maker reported $3.65 earnings per share for the quarter, missing the consensus estimate of $3.97 by ($0.32). The firm had revenue of $882.17 million during the quarter, compared to analysts' expectations of $864.46 million. ANSYS had a return on equity of 12.69% and a net margin of 22.62%. As a group, equities research analysts forecast that ANSYS, Inc. will post 8.32 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the business's stock in a transaction on Monday, January 13th. The stock was sold at an average price of $336.62, for a total value of $67,324.00. Following the sale, the director now directly owns 3,430 shares of the company's stock, valued at approximately $1,154,606.60. The trade was a 5.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.46% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Rosenblatt Securities boosted their target price on ANSYS from $335.00 to $340.00 and gave the company a "neutral" rating in a research note on Friday, February 21st. StockNews.com raised ANSYS from a "hold" rating to a "buy" rating in a research note on Friday, February 21st.

About ANSYS

ANSYS, Inc develops and markets engineering simulation software and services for engineers, designers, researchers, and students in the United States, Japan, Germany, China, Hong Kong, South Korea, rest of Europe, the Middle East, Africa, and internationally. It offers structural analysis product suite that provides simulation tools for product design and optimization; the Ansys Mechanical product, an element analysis software; LS-DYNA solver for multiphysics simulation; and power analysis and optimization software suite.