GraniteShares Advisors LLC Makes New $712,000 Investment in ANSYS, Inc. (NASDAQ:ANSS)

GraniteShares Advisors LLC bought a new position in ANSYS, Inc. (NASDAQ:ANSS) in the fourth quarter, Holdings Channel reports. The institutional investor bought 1,963 shares of the software maker’s stock, valued at approximately $712,000.

A number of other hedge funds and other institutional investors have also modified their holdings of ANSS. CVA Family Office LLC acquired a new stake in shares of ANSYS during the 4th quarter worth about $28,000. Raleigh Capital Management Inc. boosted its holdings in ANSYS by 135.7% during the 3rd quarter. Raleigh Capital Management Inc. now owns 99 shares of the software maker’s stock valued at $29,000 after acquiring an additional 57 shares during the period. KB Financial Partners LLC boosted its holdings in ANSYS by 854.5% during the 2nd quarter. KB Financial Partners LLC now owns 105 shares of the software maker’s stock valued at $35,000 after acquiring an additional 94 shares during the period. Turtle Creek Wealth Advisors LLC purchased a new position in ANSYS during the 4th quarter valued at about $47,000. Finally, Cornerstone Planning Group LLC purchased a new position in ANSYS during the 2nd quarter valued at about $50,000. 92.39% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently commented on ANSS shares. Barclays raised their target price on ANSYS from $314.00 to $340.00 and gave the company an “underweight” rating in a report on Thursday, February 22nd. Mizuho lowered their target price on ANSYS from $350.00 to $330.00 and set a “neutral” rating for the company in a report on Wednesday, January 17th. Rosenblatt Securities reiterated a “neutral” rating and issued a $345.00 price objective on shares of ANSYS in a research note on Tuesday, March 5th. Wolfe Research reiterated a “peer perform” rating on shares of ANSYS in a research note on Wednesday, January 17th. Finally, StockNews.com started coverage on ANSYS in a research note on Monday. They issued a “hold” rating for the company. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $322.75.

Insiders Place Their Bets

In other ANSYS news, Director Glenda Dorchak sold 150 shares of ANSYS stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $342.08, for a total transaction of $51,312.00. Following the transaction, the director now owns 3,049 shares of the company’s stock, valued at $1,043,001.92. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.53% of the stock is currently owned by corporate insiders.

ANSYS Stock Down 0.4 %

Shares of NASDAQ ANSS traded down $1.35 during midday trading on Tuesday, hitting $326.81. 305,337 shares of the company’s stock were exchanged, compared to its average volume of 725,592. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.30 and a quick ratio of 2.30. ANSYS, Inc. has a twelve month low of $258.01 and a twelve month high of $364.31. The company has a market cap of $28.53 billion, a PE ratio of 57.27, a P/E/G ratio of 5.28 and a beta of 1.16. The firm’s fifty day simple moving average is $338.37 and its 200-day simple moving average is $319.73.

ANSYS (NASDAQ:ANSS) last issued its earnings results on Wednesday, February 21st. The software maker reported $3.94 earnings per share for the quarter, topping the consensus estimate of $3.71 by $0.23. ANSYS had a return on equity of 11.83% and a net margin of 22.05%. The business had revenue of $805.10 million for the quarter, compared to analyst estimates of $797.49 million. During the same quarter last year, the company earned $2.61 EPS. The business’s quarterly revenue was up 15.9% on a year-over-year basis. Research analysts predict that ANSYS, Inc. will post 7.34 EPS 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.