Strategic Financial Concepts LLC Takes Position in ANSYS, Inc. (NASDAQ:ANSS)

Strategic Financial Concepts LLC acquired a new stake in ANSYS, Inc. (NASDAQ:ANSS - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 16,529 shares of the software maker's stock, valued at approximately $5,576,000.

A number of other hedge funds have also added to or reduced their stakes in ANSS. Principal Securities Inc. boosted its position in ANSYS by 17.7% in the fourth quarter. Principal Securities Inc. now owns 619 shares of the software maker's stock valued at $209,000 after buying an additional 93 shares in the last quarter. Empire Life Investments Inc. boosted its position in ANSYS by 0.8% in the fourth quarter. Empire Life Investments Inc. now owns 5,123 shares of the software maker's stock valued at $1,728,000 after buying an additional 42 shares in the last quarter. First Merchants Corp boosted its position in ANSYS by 1.6% in the fourth quarter. First Merchants Corp now owns 10,095 shares of the software maker's stock valued at $3,405,000 after buying an additional 156 shares in the last quarter. Catalyst Financial Partners LLC acquired a new stake in ANSYS in the fourth quarter valued at approximately $210,000. Finally, Phraction Management LLC acquired a new stake in ANSYS in the fourth quarter valued at approximately $1,716,000. 92.39% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. StockNews.com lowered shares of ANSYS from a "buy" rating to a "hold" rating in a research report on Monday, January 6th. Robert W. Baird lifted their price target on shares of ANSYS from $350.00 to $365.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, ANSYS presently has an average rating of "Hold" and an average target price of $346.67.

Insider Activity at ANSYS

In related news, Director Glenda Dorchak sold 200 shares of the 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 completion of the sale, the director now directly owns 3,430 shares of the company's stock, valued at approximately $1,154,606.60. This represents a 5.51 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.46% of the stock is currently owned by insiders.

ANSYS Stock Up 1.1 %

Shares of NASDAQ:ANSS traded up $3.72 during trading on Thursday, reaching $340.46. 714,752 shares of the stock were exchanged, compared to its average volume of 482,720. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.11 and a quick ratio of 3.11. ANSYS, Inc. has a 1-year low of $289.82 and a 1-year high of $363.03. The stock has a fifty day moving average of $342.83 and a two-hundred day moving average of $332.42. The firm has a market cap of $29.77 billion, a price-to-earnings ratio of 52.54, a price-to-earnings-growth ratio of 3.53 and a beta of 1.12.

ANSYS (NASDAQ:ANSS - Get Free Report) last issued its earnings results on Wednesday, February 19th. The software maker reported $3.65 earnings per share for the quarter, missing analysts' consensus estimates of $3.97 by ($0.32). ANSYS had a return on equity of 12.64% and a net margin of 23.01%. The firm had revenue of $882.17 million for the quarter, compared to analyst estimates of $864.46 million. Research analysts anticipate that ANSYS, Inc. will post 7.66 earnings per share for the current fiscal year.

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.