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

Millstone Evans Group LLC purchased 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 & Exchange Commission. The firm purchased 125 shares of the software maker’s stock, valued at approximately $42,000.

Several other institutional investors have also recently bought and sold shares of ANSS. Nomura Asset Management Co. Ltd. boosted its stake in shares of ANSYS by 7.2% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 28,351 shares of the software maker’s stock valued at $9,033,000 after purchasing an additional 1,914 shares during the last quarter. FNY Investment Advisers LLC boosted its stake in ANSYS by 78.7% in the fourth quarter. FNY Investment Advisers LLC now owns 6,037 shares of the software maker’s stock valued at $2,036,000 after acquiring an additional 2,659 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in ANSYS by 34.9% in the third quarter. JPMorgan Chase & Co. now owns 386,708 shares of the software maker’s stock valued at $123,217,000 after acquiring an additional 100,042 shares during the last quarter. Daiwa Securities Group Inc. grew its holdings in ANSYS by 12.6% during the 3rd quarter. Daiwa Securities Group Inc. now owns 16,289 shares of the software maker’s stock worth $5,190,000 after acquiring an additional 1,818 shares during the period. Finally, Oak Thistle LLC bought a new stake in shares of ANSYS during the 4th quarter valued at $255,000. Institutional investors own 92.39% of the company’s stock.

ANSYS Stock Up 0.5 %

Shares of ANSYS stock opened at $325.73 on Tuesday. ANSYS, Inc. has a 1 year low of $289.82 and a 1 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 capitalization of $28.55 billion, a P/E ratio of 49.73, a price-to-earnings-growth ratio of 3.48 and a beta of 1.11. The business has a 50-day moving average of $336.88 and a two-hundred day moving average of $334.12.

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 the consensus estimate of $3.97 by ($0.32). ANSYS had a return on equity of 12.69% and a net margin of 22.62%. The company had revenue of $882.17 million for the quarter, compared to the consensus estimate of $864.46 million. As a group, equities analysts predict that ANSYS, Inc. will post 8.32 EPS for the current year.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the director now owns 3,430 shares of the company’s stock, valued at $1,154,606.60. This represents a 5.51 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.46% of the stock is owned by corporate insiders.

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.