Lake Street Advisors Group LLC Purchases 178 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Lake Street Advisors Group LLC boosted its position in shares of ANSYS, Inc. (NASDAQ:ANSS) by 22.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 955 shares of the software maker’s stock after purchasing an additional 178 shares during the period. Lake Street Advisors Group LLC’s holdings in ANSYS were worth $322,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Crestwood Advisors Group LLC increased its holdings in ANSYS by 8.9% during the 4th quarter. Crestwood Advisors Group LLC now owns 1,589 shares of the software maker’s stock worth $536,000 after purchasing an additional 130 shares in the last quarter. Union Bancaire Privee UBP SA bought a new position in ANSYS during the 4th quarter worth about $4,270,000. Howard Capital Management Inc. increased its holdings in ANSYS by 2.9% during the 4th quarter. Howard Capital Management Inc. now owns 2,373 shares of the software maker’s stock worth $800,000 after purchasing an additional 67 shares in the last quarter. Olympiad Research LP increased its holdings in ANSYS by 67.5% during the 4th quarter. Olympiad Research LP now owns 3,690 shares of the software maker’s stock worth $1,245,000 after purchasing an additional 1,487 shares in the last quarter. Finally, Bradley Foster & Sargent Inc. CT increased its holdings in ANSYS by 15.2% during the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 24,359 shares of the software maker’s stock worth $8,217,000 after purchasing an additional 3,209 shares in the last quarter. Institutional investors own 92.39% of the company’s stock.

Insider Activity at ANSYS

In related news, Director Glenda Dorchak sold 200 shares of the firm’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 completion of the sale, the director now directly owns 3,430 shares in the company, valued at approximately $1,154,606.60. This trade represents a 5.51 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.46% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on ANSS shares. StockNews.com upgraded ANSYS from a “hold” rating to a “buy” rating in a report on Friday, February 21st. Rosenblatt Securities increased 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. Finally, Robert W. Baird increased their price objective on shares of ANSYS from $350.00 to $365.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th.

ANSYS Trading Up 0.9 %

ANSYS stock opened at $333.25 on Friday. The firm has a 50-day moving average of $342.04 and a 200-day moving average of $333.60. ANSYS, Inc. has a one year low of $289.82 and a one year high of $363.03. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.01 and a quick ratio of 3.01. The company has a market cap of $29.21 billion, a price-to-earnings ratio of 50.88, a P/E/G ratio of 3.48 and a beta of 1.12.

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