Golden State Equity Partners Acquires New Position in ANSYS, Inc. (NASDAQ:ANSS)

Golden State Equity Partners acquired a new stake in ANSYS, Inc. (NASDAQ:ANSS) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 980 shares of the software maker’s stock, valued at approximately $356,000.

A number of other hedge funds have also recently modified their holdings of the company. Verdence Capital Advisors LLC grew its holdings in shares of ANSYS by 1.7% in the fourth quarter. Verdence Capital Advisors LLC now owns 2,071 shares of the software maker’s stock valued at $752,000 after purchasing an additional 35 shares during the period. Wealth Alliance grew its holdings in shares of ANSYS by 2.4% in the fourth quarter. Wealth Alliance now owns 1,523 shares of the software maker’s stock valued at $553,000 after purchasing an additional 36 shares during the period. Lindbrook Capital LLC grew its holdings in shares of ANSYS by 18.1% in the third quarter. Lindbrook Capital LLC now owns 241 shares of the software maker’s stock valued at $72,000 after purchasing an additional 37 shares during the period. IFP Advisors Inc grew its holdings in shares of ANSYS by 11.7% in the third quarter. IFP Advisors Inc now owns 363 shares of the software maker’s stock valued at $108,000 after purchasing an additional 38 shares during the period. Finally, Perigon Wealth Management LLC grew its holdings in shares of ANSYS by 2.7% in the third quarter. Perigon Wealth Management LLC now owns 1,544 shares of the software maker’s stock valued at $459,000 after purchasing an additional 40 shares during the period. Hedge funds and other institutional investors own 92.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on ANSS shares. Barclays upped their price objective on shares of ANSYS from $314.00 to $340.00 and gave the company an “underweight” rating in a report on Thursday, February 22nd. Mizuho decreased their target price on shares of ANSYS from $350.00 to $330.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 17th. StockNews.com initiated coverage on shares of ANSYS in a research report on Tuesday, April 23rd. They issued a “hold” rating on the stock. Wolfe Research reaffirmed a “peer perform” rating on shares of ANSYS in a research report on Wednesday, January 17th. Finally, Rosenblatt Securities reaffirmed a “neutral” rating and issued a $345.00 target price on shares of ANSYS in a research report on Tuesday, March 5th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $320.00.

Insider Activity at ANSYS

In related news, Director Glenda Dorchak sold 150 shares of the firm’s stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $342.08, for a total value of $51,312.00. Following the sale, the director now owns 3,049 shares of the company’s stock, valued at $1,043,001.92. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.53% of the stock is owned by corporate insiders.

ANSYS Stock Up 2.1 %

Shares of ANSS opened at $333.75 on Friday. The stock has a market capitalization of $29.14 billion, a PE ratio of 58.25, a P/E/G ratio of 5.23 and a beta of 1.16. ANSYS, Inc. has a 1 year low of $258.01 and a 1 year 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’s 50-day simple moving average is $336.80 and its 200-day simple moving average is $321.51.

ANSYS (NASDAQ:ANSS) last issued its quarterly earnings results on Wednesday, February 21st. The software maker reported $3.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.71 by $0.23. The business had revenue of $805.10 million for the quarter, compared to analysts’ expectations of $797.49 million. ANSYS had a net margin of 22.05% and a return on equity of 11.83%. The business’s quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.61 earnings per share. Analysts forecast that ANSYS, Inc. will post 7.39 earnings per share for the current fiscal year.

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.