Millstone Evans Group LLC Takes $42,000 Position in ANSYS, Inc. (NASDAQ:ANSS)

Millstone Evans Group LLC bought a new stake in ANSYS, Inc. (NASDAQ:ANSS) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 125 shares of the software maker’s stock, valued at approximately $42,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Ameliora Wealth Management Ltd. acquired a new stake in ANSYS in the fourth quarter valued at $27,000. Assetmark Inc. lifted its stake in ANSYS by 468.2% in the 4th quarter. Assetmark Inc. now owns 125 shares of the software maker’s stock valued at $42,000 after purchasing an additional 103 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in ANSYS during the fourth quarter worth about $47,000. Allworth Financial LP grew its holdings in ANSYS by 33.7% during 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 during the period. Finally, Brooklyn Investment Group acquired a new position in ANSYS during the third quarter worth approximately $119,000. Institutional investors own 92.39% of the company’s stock.

Insiders Place Their Bets

In related news, Director Glenda Dorchak sold 200 shares of the company’s stock in a transaction dated 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 approximately $1,154,606.60. This represents a 5.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.46% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on ANSS. Rosenblatt Securities raised their price objective on ANSYS from $335.00 to $340.00 and gave the company a “neutral” rating in a research report on Friday, February 21st. StockNews.com cut ANSYS from a “buy” rating to a “hold” rating in a research note on Friday.

ANSYS Stock Up 0.5 %

ANSYS stock opened at $325.73 on Tuesday. The company’s 50-day moving average price is $336.88 and its two-hundred day moving average price is $334.12. 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 stock has a market cap of $28.55 billion, a P/E ratio of 49.73, a P/E/G ratio of 3.48 and a beta of 1.11. ANSYS, Inc. has a twelve month low of $289.82 and a twelve month high of $363.03.

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

ANSYS 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.