Magnetar Financial LLC Boosts Position in ANSYS, Inc. (NASDAQ:ANSS)

Magnetar Financial LLC increased its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS) by 0.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 219,625 shares of the software maker’s stock after purchasing an additional 1,824 shares during the quarter. ANSYS makes up approximately 1.8% of Magnetar Financial LLC’s portfolio, making the stock its 11th biggest position. Magnetar Financial LLC owned approximately 0.25% of ANSYS worth $74,086,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Ameliora Wealth Management Ltd. acquired a new position in ANSYS during the fourth quarter worth approximately $27,000. Assetmark Inc. increased its position in ANSYS by 468.2% during the fourth quarter. Assetmark Inc. now owns 125 shares of the software maker’s stock worth $42,000 after buying an additional 103 shares during the period. SBI Securities Co. Ltd. acquired a new position in ANSYS during the fourth quarter worth approximately $47,000. Allworth Financial LP increased its position 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 buying 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. Hedge funds and other institutional investors own 92.39% of the company’s stock.

ANSYS Trading Down 0.2 %

NASDAQ:ANSS opened at $323.04 on Thursday. The firm has a market cap of $28.32 billion, a P/E ratio of 49.32, a PEG ratio of 3.48 and a beta of 1.11. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 0.12. The stock’s 50 day simple moving average is $337.76 and its 200-day simple moving average is $333.70. ANSYS, Inc. has a 12-month low of $289.82 and a 12-month high of $363.03.

ANSYS (NASDAQ:ANSS) last released its earnings results 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). The company had revenue of $882.17 million during the quarter, compared to analyst estimates of $864.46 million. ANSYS had a net margin of 22.62% and a return on equity of 12.69%. Equities analysts anticipate that ANSYS, Inc. will post 8.32 EPS for the current year.

Insider Activity at ANSYS

In related news, Director Glenda Dorchak sold 200 shares of ANSYS stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $336.62, for a total value of $67,324.00. Following the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.46% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on ANSS. StockNews.com raised ANSYS from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. Rosenblatt Securities lifted their price target on ANSYS from $335.00 to $340.00 and gave the stock a “neutral” rating in a research report on Friday, February 21st.

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.