Kovitz Investment Group Partners LLC Buys 16,544 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Kovitz Investment Group Partners LLC boosted its position in shares of ANSYS, Inc. (NASDAQ:ANSS) by 71.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 39,778 shares of the software maker’s stock after purchasing an additional 16,544 shares during the quarter. Kovitz Investment Group Partners LLC’s holdings in ANSYS were worth $13,418,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Stock Yards Bank & Trust Co. lifted its holdings in ANSYS by 1.3% during the fourth quarter. Stock Yards Bank & Trust Co. now owns 2,275 shares of the software maker’s stock worth $767,000 after acquiring an additional 30 shares in the last quarter. Greenleaf Trust raised its holdings in ANSYS by 0.9% during the 4th quarter. Greenleaf Trust now owns 3,651 shares of the software maker’s stock worth $1,232,000 after buying an additional 32 shares during the period. Koshinski Asset Management Inc. lifted its stake in ANSYS by 0.8% in the fourth quarter. Koshinski Asset Management Inc. now owns 4,367 shares of the software maker’s stock valued at $1,473,000 after buying an additional 34 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. increased its position in shares of ANSYS by 2.8% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,298 shares of the software maker’s stock worth $438,000 after acquiring an additional 35 shares in the last quarter. Finally, BTC Capital Management Inc. lifted its position in ANSYS by 2.5% in the 4th quarter. BTC Capital Management Inc. now owns 1,499 shares of the software maker’s stock valued at $506,000 after acquiring an additional 36 shares in the last quarter. 92.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other ANSYS news, Director Glenda Dorchak sold 200 shares of ANSYS stock in a transaction on Monday, April 14th. The shares were sold at an average price of $300.01, for a total transaction of $60,002.00. Following the completion of the transaction, the director now directly owns 3,230 shares of the company’s stock, valued at $969,032.30. The trade was a 5.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on ANSS shares. StockNews.com upgraded ANSYS from a “hold” rating to a “buy” rating in a report on Friday, April 18th. Rosenblatt Securities raised their price target on shares of ANSYS from $335.00 to $340.00 and gave the stock a “neutral” rating in a research note on Friday, February 21st.

ANSYS Stock Performance

Shares of NASDAQ ANSS opened at $320.68 on Friday. The stock has a market capitalization of $28.11 billion, a PE ratio of 48.96, a price-to-earnings-growth ratio of 3.48 and a beta of 1.20. ANSYS, Inc. has a 52 week low of $275.06 and a 52 week high of $363.03. The stock has a 50 day moving average price of $316.25 and a 200 day moving average price of $331.85. 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 posted 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). The firm had revenue of $882.17 million for the quarter, compared to the consensus estimate of $864.46 million. ANSYS had a return on equity of 12.69% and a net margin of 22.62%. Analysts predict that ANSYS, Inc. will post 8.32 earnings per share for the current fiscal year.

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.