Savant Capital LLC Invests $203,000 in ANSYS, Inc. (NASDAQ:ANSS)

Savant Capital LLC acquired a new position in ANSYS, Inc. (NASDAQ:ANSS) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 602 shares of the software maker’s stock, valued at approximately $203,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ameliora Wealth Management Ltd. bought a new position in ANSYS in the 4th quarter worth $27,000. Intact Investment Management Inc. purchased a new stake in ANSYS in the 3rd quarter worth $70,000. Brooklyn Investment Group purchased a new stake in ANSYS in the 3rd quarter worth $119,000. Wilmington Savings Fund Society FSB purchased a new stake in ANSYS in the 3rd quarter worth $174,000. Finally, Cyndeo Wealth Partners LLC purchased a new stake in ANSYS in the 4th quarter worth $201,000. 92.39% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ANSS. Robert W. Baird increased their price target on ANSYS from $350.00 to $365.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. StockNews.com lowered ANSYS from a “buy” rating to a “hold” rating in a research note on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, ANSYS currently has an average rating of “Hold” and a consensus price target of $346.67.

Insider Buying and Selling

In related news, Director Glenda Dorchak sold 200 shares of ANSYS stock in a transaction dated 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 transaction, the director now owns 3,430 shares in the company, valued at approximately $1,154,606.60. This trade represents a 5.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.46% of the stock is currently owned by company insiders.

ANSYS Trading Down 0.5 %

Shares of ANSYS stock opened at $336.74 on Thursday. The firm has a market cap of $29.45 billion, a price-to-earnings ratio of 51.97, a PEG ratio of 3.53 and a beta of 1.12. The business has a 50-day moving average price of $342.98 and a 200-day moving average price of $332.39. The company has a quick ratio of 3.11, a current ratio of 3.11 and a debt-to-equity ratio of 0.13. ANSYS, Inc. has a twelve month low of $289.82 and a twelve month high of $363.03.

ANSYS (NASDAQ:ANSS) last issued its quarterly earnings data 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 net margin of 23.01% and a return on equity of 12.64%. Equities research analysts anticipate that ANSYS, Inc. will post 7.66 EPS for the current fiscal year.

ANSYS 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.