Gallacher Capital Management LLC Buys Shares of 625 ANSYS, Inc. (NASDAQ:ANSS)

Gallacher Capital Management LLC purchased a new position in ANSYS, Inc. (NASDAQ:ANSS) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 625 shares of the software maker’s stock, valued at approximately $211,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ANSS. Nomura Asset Management Co. Ltd. boosted its position in ANSYS by 7.2% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 28,351 shares of the software maker’s stock valued at $9,033,000 after acquiring an additional 1,914 shares in the last quarter. Caldwell Investment Management Ltd. bought a new stake in ANSYS during the third quarter valued at about $1,560,000. CIBC Asset Management Inc grew its stake in ANSYS by 5.9% in the third quarter. CIBC Asset Management Inc now owns 27,116 shares of the software maker’s stock valued at $8,640,000 after purchasing an additional 1,518 shares during the last quarter. FNY Investment Advisers LLC raised its holdings in ANSYS by 78.7% in the fourth quarter. FNY Investment Advisers LLC now owns 6,037 shares of the software maker’s stock worth $2,036,000 after purchasing an additional 2,659 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of ANSYS by 34.9% during the third quarter. JPMorgan Chase & Co. now owns 386,708 shares of the software maker’s stock valued at $123,217,000 after buying an additional 100,042 shares during the last quarter. 92.39% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Glenda Dorchak sold 200 shares of the 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 transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.46% of the stock is currently owned by company insiders.

ANSYS Stock Performance

ANSS opened at $322.68 on Monday. The company has a market cap of $28.28 billion, a P/E ratio of 49.26, a price-to-earnings-growth ratio of 3.48 and a beta of 1.11. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.12. The firm’s 50-day moving average price is $338.68 and its 200-day moving average price is $333.73. ANSYS, Inc. has a 52-week low of $289.82 and a 52-week high of $363.03.

ANSYS (NASDAQ:ANSS) last issued its quarterly earnings results on Wednesday, February 19th. The software maker reported $3.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $864.46 million. As a group, equities analysts anticipate that ANSYS, Inc. will post 8.32 EPS for the current fiscal year.

Analysts Set New Price Targets

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

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.