Prime Capital Investment Advisors LLC Invests $200,000 in ANSYS, Inc. (NASDAQ:ANSS)

Prime Capital Investment Advisors LLC purchased a new position in shares of ANSYS, Inc. (NASDAQ:ANSS) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 552 shares of the software maker’s stock, valued at approximately $200,000.

Several other hedge funds also recently made changes to their positions in ANSS. Wellington Management Group LLP boosted its holdings in shares of ANSYS by 167.4% in the 3rd quarter. Wellington Management Group LLP now owns 1,286,790 shares of the software maker’s stock valued at $382,884,000 after buying an additional 805,657 shares during the last quarter. Norges Bank acquired a new stake in shares of ANSYS in the 4th quarter valued at approximately $169,860,000. Select Equity Group L.P. boosted its holdings in shares of ANSYS by 63.6% in the 1st quarter. Select Equity Group L.P. now owns 1,265,997 shares of the software maker’s stock valued at $421,324,000 after buying an additional 491,935 shares during the last quarter. Alecta Tjanstepension Omsesidigt acquired a new stake in shares of ANSYS in the 4th quarter valued at approximately $145,144,000. Finally, Comerica Bank boosted its holdings in shares of ANSYS by 1,922.9% in the 3rd quarter. Comerica Bank now owns 329,577 shares of the software maker’s stock valued at $98,066,000 after buying an additional 313,285 shares during the last quarter. 92.39% of the stock is owned by institutional investors.

Insider Transactions at ANSYS

In other news, Director Glenda Dorchak sold 150 shares of ANSYS stock in a transaction on Monday, April 8th. The stock was sold at an average price of $342.08, for a total transaction of $51,312.00. Following the completion of the sale, the director now owns 3,049 shares of the company’s stock, valued at $1,043,001.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.53% of the company’s stock.

ANSYS Stock Down 1.7 %

ANSS opened at $334.20 on Monday. ANSYS, Inc. has a fifty-two week low of $258.01 and a fifty-two week high of $364.31. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.30 and a current ratio of 2.30. The company has a market capitalization of $29.18 billion, a P/E ratio of 58.32, a P/E/G ratio of 5.28 and a beta of 1.16. The stock has a fifty day moving average of $338.55 and a 200-day moving average of $319.51.

ANSYS (NASDAQ:ANSS) last posted its earnings results on Wednesday, February 21st. The software maker reported $3.94 earnings per share for the quarter, topping analysts’ consensus estimates of $3.71 by $0.23. ANSYS had a return on equity of 11.83% and a net margin of 22.05%. The company had revenue of $805.10 million during the quarter, compared to the consensus estimate of $797.49 million. During the same quarter last year, the firm earned $2.61 earnings per share. The company’s revenue was up 15.9% on a year-over-year basis. On average, equities analysts expect that ANSYS, Inc. will post 7.34 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. StockNews.com assumed coverage on ANSYS in a report on Monday. They issued a “hold” rating for the company. Wolfe Research reissued a “peer perform” rating on shares of ANSYS in a report on Wednesday, January 17th. Rosenblatt Securities reaffirmed a “neutral” rating and set a $345.00 price target on shares of ANSYS in a report on Tuesday, March 5th. Mizuho cut their price target on ANSYS from $350.00 to $330.00 and set a “neutral” rating for the company in a report on Wednesday, January 17th. Finally, Barclays raised their price target on ANSYS from $314.00 to $340.00 and gave the company an “underweight” rating in a report on Thursday, February 22nd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $322.75.

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.