ANSYS, Inc. (NASDAQ:ANSS) Shares Bought by Argonautica Private Wealth Management Inc.

Argonautica Private Wealth Management Inc. boosted its holdings in ANSYS, Inc. (NASDAQ:ANSS) by 6.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,050 shares of the software maker’s stock after buying an additional 65 shares during the quarter. Argonautica Private Wealth Management Inc.’s holdings in ANSYS were worth $354,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Lake Street Advisors Group LLC raised its holdings in shares of ANSYS by 22.9% during the fourth quarter. Lake Street Advisors Group LLC now owns 955 shares of the software maker’s stock valued at $322,000 after acquiring an additional 178 shares during the period. Crestwood Advisors Group LLC lifted its holdings in shares of ANSYS by 8.9% in the fourth quarter. Crestwood Advisors Group LLC now owns 1,589 shares of the software maker’s stock valued at $536,000 after purchasing an additional 130 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new stake in shares of ANSYS in the fourth quarter worth $4,270,000. Howard Capital Management Inc. grew its holdings in shares of ANSYS by 2.9% during the fourth quarter. Howard Capital Management Inc. now owns 2,373 shares of the software maker’s stock valued at $800,000 after buying an additional 67 shares in the last quarter. Finally, Olympiad Research LP raised its position in ANSYS by 67.5% during the fourth quarter. Olympiad Research LP now owns 3,690 shares of the software maker’s stock valued at $1,245,000 after buying an additional 1,487 shares during the period. 92.39% of the stock is owned by institutional investors and hedge funds.

ANSYS Stock Down 1.0 %

Shares of NASDAQ ANSS opened at $330.40 on Wednesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.01 and a current ratio of 3.01. The stock has a market cap of $28.96 billion, a PE ratio of 50.44, a PEG ratio of 3.48 and a beta of 1.12. ANSYS, Inc. has a 52-week low of $289.82 and a 52-week high of $363.03. The business has a fifty day moving average of $342.25 and a two-hundred day moving average of $333.49.

ANSYS (NASDAQ:ANSS) last issued its quarterly 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 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 analyst estimates of $864.46 million. As a group, equities research analysts expect that ANSYS, Inc. will post 8.32 earnings per share for the current fiscal year.

Insider Buying and Selling

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the stock in a transaction on Monday, January 13th. The shares were 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 approximately $1,154,606.60. This trade represents a 5.51 % decrease in their ownership of the stock. The transaction 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 insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on ANSS shares. Rosenblatt Securities boosted their price objective on shares of ANSYS from $335.00 to $340.00 and gave the company a “neutral” rating in a research report on Friday, February 21st. Robert W. Baird upped their target price on ANSYS from $350.00 to $365.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Finally, StockNews.com upgraded ANSYS from a “hold” rating to a “buy” rating in a research note on Friday, February 21st.

About ANSYS

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.