Proficio Capital Partners LLC Invests $353,000 in ANSYS, Inc. (NASDAQ:ANSS)

Proficio Capital Partners LLC bought a new stake in ANSYS, Inc. (NASDAQ:ANSS) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 1,047 shares of the software maker’s stock, valued at approximately $353,000.

Several other large investors have also modified their holdings of the business. State Street Corp increased its position in shares of ANSYS by 3.0% during the 3rd quarter. State Street Corp now owns 3,703,249 shares of the software maker’s stock worth $1,179,966,000 after purchasing an additional 106,187 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of ANSYS by 1.7% in the third quarter. Geode Capital Management LLC now owns 2,305,554 shares of the software maker’s stock valued at $732,672,000 after buying an additional 37,577 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of ANSYS by 1.3% in the 4th quarter. Principal Financial Group Inc. now owns 570,525 shares of the software maker’s stock valued at $192,456,000 after buying an additional 7,098 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of ANSYS by 4.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 553,193 shares of the software maker’s stock valued at $186,609,000 after buying an additional 21,051 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. lifted its stake in ANSYS by 1.3% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 525,565 shares of the software maker’s stock worth $177,289,000 after acquiring an additional 6,786 shares in the last quarter. Institutional investors and hedge funds own 92.39% of the company’s stock.

ANSYS Trading Up 0.3 %

NASDAQ:ANSS opened at $326.67 on Wednesday. The stock has a market cap of $28.63 billion, a P/E ratio of 49.87, a P/E/G ratio of 3.48 and a beta of 1.11. ANSYS, Inc. has a 1 year low of $289.82 and a 1 year high of $363.03. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.01 and a current ratio of 3.01. The stock has a 50-day simple moving average of $336.62 and a 200-day simple moving average of $334.27.

ANSYS (NASDAQ:ANSS) last posted its 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 net margin of 22.62% and a return on equity of 12.69%. As a group, analysts anticipate that ANSYS, Inc. will post 8.32 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have commented on ANSS. StockNews.com downgraded shares of ANSYS from a “buy” rating to a “hold” rating in a research note on Friday, March 21st. Rosenblatt Securities raised their price objective on shares of ANSYS from $335.00 to $340.00 and gave the company a “neutral” rating in a report on Friday, February 21st.

Insider Buying and Selling at ANSYS

In other news, Director Glenda Dorchak sold 200 shares of the business’s stock in a transaction that occurred 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 transaction, the director now 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 document filed with the SEC, which is accessible through this hyperlink. 0.46% of the stock is currently owned by company insiders.

ANSYS Company Profile

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.