Callan Family Office LLC Invests $599,000 in ANSYS, Inc. (NASDAQ:ANSS)

Callan Family Office LLC acquired a new stake in shares of ANSYS, Inc. (NASDAQ:ANSS) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 1,776 shares of the software maker’s stock, valued at approximately $599,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Ameliora Wealth Management Ltd. purchased a new stake in shares of ANSYS in the 4th quarter worth $27,000. Assetmark Inc. raised its holdings in shares of ANSYS by 468.2% in the fourth quarter. Assetmark Inc. now owns 125 shares of the software maker’s stock valued at $42,000 after acquiring an additional 103 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of ANSYS in the fourth quarter valued at about $47,000. Allworth Financial LP lifted its stake in ANSYS by 33.7% in the fourth quarter. Allworth Financial LP now owns 258 shares of the software maker’s stock worth $92,000 after acquiring an additional 65 shares during the period. Finally, Brooklyn Investment Group bought a new position in ANSYS during the 3rd quarter worth about $119,000. Institutional investors own 92.39% of the company’s stock.

Insider Transactions at ANSYS

In related news, Director Glenda Dorchak sold 200 shares of the business’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $336.62, for a total transaction of $67,324.00. Following the transaction, the director now directly owns 3,430 shares in the company, valued at $1,154,606.60. The trade was a 5.51 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on ANSS shares. StockNews.com upgraded shares of ANSYS from a “hold” rating to a “buy” rating in a report on Friday, February 21st. 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.

ANSYS Price Performance

ANSS opened at $325.61 on Monday. The firm has a market capitalization of $28.54 billion, a PE ratio of 49.71, a price-to-earnings-growth ratio of 3.48 and a beta of 1.11. 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 business’s 50-day moving average is $340.49 and its two-hundred day moving average is $333.76. ANSYS, Inc. has a 1 year low of $289.82 and a 1 year high of $363.03.

ANSYS (NASDAQ:ANSS) last issued its quarterly earnings data 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 return on equity of 12.69% and a net margin of 22.62%. The firm had revenue of $882.17 million during the quarter, compared to analysts’ expectations of $864.46 million. Research analysts anticipate that ANSYS, Inc. will post 8.32 earnings per share for the current fiscal 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.