Banco BTG Pactual S.A. Invests $371,000 in ANSYS, Inc. (NASDAQ:ANSS)

Banco BTG Pactual S.A. acquired a new stake in shares of ANSYS, Inc. (NASDAQ:ANSS) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,103 shares of the software maker’s stock, valued at approximately $371,000.

A number of other hedge funds also recently bought and sold shares of ANSS. Ameliora Wealth Management Ltd. bought a new stake in ANSYS in the fourth quarter valued at approximately $27,000. Assetmark Inc. raised its stake in ANSYS by 468.2% in the fourth quarter. Assetmark Inc. now owns 125 shares of the software maker’s stock worth $42,000 after buying an additional 103 shares in the last quarter. Millstone Evans Group LLC purchased a new stake in ANSYS in the fourth quarter worth about $42,000. SBI Securities Co. Ltd. bought a new stake in ANSYS during the 4th quarter valued at approximately $47,000. Finally, Allworth Financial LP grew its holdings in shares of ANSYS by 33.7% during the 4th 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. Institutional investors own 92.39% of the company’s stock.

Insider Transactions at ANSYS

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 shares were sold at an average price of $336.62, for a total transaction of $67,324.00. Following the completion of the sale, the director now directly owns 3,430 shares of the company’s stock, valued at approximately $1,154,606.60. This represents a 5.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.46% of the company’s stock.

ANSYS Price Performance

ANSS opened at $326.67 on Wednesday. The company’s 50-day simple moving average is $336.62 and its two-hundred day simple moving average is $334.27. ANSYS, Inc. has a 52-week low of $289.82 and a 52-week high of $363.03. The stock has a market capitalization of $28.63 billion, a P/E ratio of 49.87, a P/E/G ratio of 3.48 and a beta of 1.11. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.01 and a current ratio of 3.01.

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

Analysts Set New Price Targets

Several brokerages recently weighed in on ANSS. Rosenblatt Securities upped their price target on ANSYS from $335.00 to $340.00 and gave the stock a “neutral” rating in a research note on Friday, February 21st. StockNews.com cut ANSYS from a “buy” rating to a “hold” rating in a research report on Friday, March 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.