Gabelli Funds LLC Makes New $5.03 Million Investment in ANSYS, Inc. (NASDAQ:ANSS)

Gabelli Funds LLC purchased a new position in shares of ANSYS, Inc. (NASDAQ:ANSS) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,500 shares of the software maker’s stock, valued at approximately $5,034,000.

A number of other large investors also recently added to or reduced their stakes in ANSS. Norges Bank acquired a new position in ANSYS during the fourth quarter worth $282,329,000. M&G Plc purchased a new stake in shares of ANSYS during the first quarter worth $115,922,000. Point72 Asset Management L.P. increased its position in shares of ANSYS by 210.1% during the fourth quarter. Point72 Asset Management L.P. now owns 325,000 shares of the software maker’s stock worth $117,936,000 after acquiring an additional 220,200 shares during the period. TOMS Capital Investment Management LP purchased a new stake in shares of ANSYS during the fourth quarter worth $53,647,000. Finally, Vanguard Group Inc. increased its position in shares of ANSYS by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 10,161,057 shares of the software maker’s stock worth $3,687,244,000 after acquiring an additional 132,206 shares during the period. 92.39% of the stock is currently owned by institutional investors and hedge funds.

ANSYS Stock Performance

Shares of ANSS traded up $1.57 during mid-day trading on Friday, hitting $312.26. 323,741 shares of the company’s stock were exchanged, compared to its average volume of 436,815. ANSYS, Inc. has a fifty-two week low of $258.01 and a fifty-two week high of $364.31. The firm has a market capitalization of $27.26 billion, a P/E ratio of 62.70, a P/E/G ratio of 6.92 and a beta of 1.11. The business’s 50 day moving average is $323.68 and its two-hundred day moving average is $331.05. The company has a current ratio of 2.80, a quick ratio of 2.80 and a debt-to-equity ratio of 0.14.

ANSYS (NASDAQ:ANSS) last announced its quarterly earnings data on Wednesday, May 1st. The software maker reported $1.39 EPS for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.54). The firm had revenue of $466.60 million during the quarter, compared to analyst estimates of $549.85 million. ANSYS had a net margin of 19.51% and a return on equity of 10.45%. ANSYS’s revenue for the quarter was down 8.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.45 EPS. On average, equities analysts expect that ANSYS, Inc. will post 7.05 earnings per share for the current year.

Insider Buying and Selling at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 159 shares of the stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $330.81, for a total value of $52,598.79. Following the completion of the transaction, the director now directly owns 3,782 shares of the company’s stock, valued at $1,251,123.42. The sale was disclosed in a filing with the SEC, which is available at this link. 0.46% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. KeyCorp started coverage on ANSYS in a research report on Thursday, June 27th. They set a “sector weight” rating on the stock. Rosenblatt Securities reissued a “neutral” rating and issued a $345.00 target price on shares of ANSYS in a report on Friday, May 3rd. Finally, StockNews.com started coverage on ANSYS in a report on Saturday, July 20th. They issued a “hold” rating on the stock. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, ANSYS currently has a consensus rating of “Hold” and an average price target of $320.00.

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.