NEOS Investment Management LLC Purchases 1,833 Shares of ANSYS, Inc. (NASDAQ:ANSS)

NEOS Investment Management LLC increased its position in shares of ANSYS, Inc. (NASDAQ:ANSS) by 21.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,451 shares of the software maker’s stock after acquiring an additional 1,833 shares during the quarter. NEOS Investment Management LLC’s holdings in ANSYS were worth $3,525,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ANSS. Ameliora Wealth Management Ltd. acquired a new position in shares of ANSYS during the fourth quarter worth $27,000. Assetmark Inc. boosted its position in shares of ANSYS by 468.2% in the 4th quarter. Assetmark Inc. now owns 125 shares of the software maker’s stock worth $42,000 after purchasing an additional 103 shares in the last quarter. Millstone Evans Group LLC purchased a new position in ANSYS during the 4th quarter worth $42,000. SBI Securities Co. Ltd. acquired a new position in ANSYS during the 4th quarter valued at about $47,000. Finally, Allworth Financial LP raised its stake in ANSYS by 33.7% in the fourth quarter. Allworth Financial LP now owns 258 shares of the software maker’s stock valued at $92,000 after buying an additional 65 shares during the last quarter. Hedge funds and other institutional investors own 92.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on ANSS. StockNews.com lowered ANSYS from a “buy” rating to a “hold” rating in a research note on Friday, March 21st. 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 research report on Friday, February 21st.

ANSYS Stock Performance

Shares of ANSS opened at $316.89 on Friday. The stock has a 50-day moving average of $335.12 and a two-hundred day moving average of $334.16. 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 market cap of $27.78 billion, a P/E ratio of 48.38, a P/E/G ratio of 3.48 and a beta of 1.11. ANSYS, Inc. has a one year low of $289.82 and a one year high of $363.03.

ANSYS (NASDAQ:ANSS) last released its earnings results on Wednesday, February 19th. The software maker reported $3.65 EPS for the quarter, missing analysts’ consensus estimates of $3.97 by ($0.32). ANSYS had a return on equity of 12.69% and a net margin of 22.62%. The firm had revenue of $882.17 million for the quarter, compared to analyst estimates of $864.46 million. As a group, research analysts predict that ANSYS, Inc. will post 8.32 EPS for the current year.

Insider Activity

In related news, Director Glenda Dorchak sold 200 shares of the firm’s stock in a transaction on Monday, January 13th. The shares were sold at an average price of $336.62, for a total transaction of $67,324.00. Following the completion of the transaction, the director now owns 3,430 shares of the company’s stock, valued at $1,154,606.60. This trade represents a 5.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.46% of the company’s stock.

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.