New York Life Investment Management LLC Acquires 170 Shares of ANSYS, Inc. (NASDAQ:ANSS)

New York Life Investment Management LLC lifted its holdings in ANSYS, Inc. (NASDAQ:ANSS) by 1.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 13,031 shares of the software maker’s stock after purchasing an additional 170 shares during the period. New York Life Investment Management LLC’s holdings in ANSYS were worth $4,396,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Ameliora Wealth Management Ltd. bought a new stake in shares of ANSYS in the fourth quarter worth $27,000. Intact Investment Management Inc. bought a new stake in shares of ANSYS in the third quarter worth $70,000. Allworth Financial LP lifted its position in shares of ANSYS by 33.7% in the fourth quarter. Allworth Financial LP now owns 258 shares of the software maker’s stock worth $92,000 after purchasing an additional 65 shares in the last quarter. Brooklyn Investment Group bought a new stake in shares of ANSYS in the third quarter worth $119,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of ANSYS in the third quarter worth $174,000. Institutional investors own 92.39% of the company’s stock.

Insider Buying and Selling at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the company’s stock in a transaction on Monday, January 13th. The shares were sold at an average price of $336.62, for a total value of $67,324.00. Following the transaction, the director now directly owns 3,430 shares in the company, valued at $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 Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.46% of the company’s stock.

Wall Street Analyst Weigh In

ANSS has been the topic of a number of recent analyst reports. Rosenblatt Securities boosted their target price on shares of ANSYS from $335.00 to $340.00 and gave the stock a “neutral” rating in a report on Friday, February 21st. Robert W. Baird boosted their target price on shares of ANSYS from $350.00 to $365.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Finally, StockNews.com upgraded shares of ANSYS from a “hold” rating to a “buy” rating in a report on Friday, February 21st.

ANSYS Price Performance

Shares of ANSS opened at $333.25 on Friday. The company has a market cap of $29.21 billion, a price-to-earnings ratio of 50.88, a PEG ratio of 3.48 and a beta of 1.12. ANSYS, Inc. has a 1-year low of $289.82 and a 1-year high of $363.03. The company’s fifty day simple moving average is $342.04 and its 200 day simple moving average is $333.71. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 0.12.

ANSYS (NASDAQ:ANSS) last released its quarterly earnings data on Wednesday, February 19th. The software maker reported $3.65 EPS for the quarter, missing the consensus estimate of $3.97 by ($0.32). ANSYS had a net margin of 22.62% and a return on equity of 12.69%. The company had revenue of $882.17 million during the quarter, compared to analyst estimates of $864.46 million. On average, research analysts forecast that ANSYS, Inc. will post 8.32 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.