Wahed Invest LLC Buys 89 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Wahed Invest LLC boosted its stake in ANSYS, Inc. (NASDAQ:ANSS) by 6.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 1,477 shares of the software maker’s stock after purchasing an additional 89 shares during the period. Wahed Invest LLC’s holdings in ANSYS were worth $536,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ANSS. CVA Family Office LLC bought a new position in ANSYS during the fourth quarter valued at $28,000. Raleigh Capital Management Inc. grew its stake in shares of ANSYS by 135.7% during the 3rd quarter. Raleigh Capital Management Inc. now owns 99 shares of the software maker’s stock worth $29,000 after acquiring an additional 57 shares during the period. Quest Partners LLC bought a new position in shares of ANSYS during the 4th quarter worth $29,000. DSM Capital Partners LLC purchased a new stake in ANSYS in the 4th quarter worth about $34,000. Finally, Core Wealth Advisors Inc. bought a new stake in ANSYS in the 4th quarter valued at about $40,000. 92.39% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at ANSYS

In related news, Director Glenda Dorchak sold 150 shares of the firm’s stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $342.08, for a total value of $51,312.00. Following the sale, the director now directly owns 3,049 shares of the company’s stock, valued at $1,043,001.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.46% of the stock is owned by insiders.

ANSYS Stock Up 1.3 %

ANSS opened at $327.23 on Tuesday. The firm has a market capitalization of $28.57 billion, a P/E ratio of 65.71, a price-to-earnings-growth ratio of 7.09 and a beta of 1.14. ANSYS, Inc. has a one year low of $258.01 and a one year high of $364.31. The company has a fifty day moving average price of $326.41 and a 200-day moving average price of $330.77. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.80 and a quick ratio of 2.80.

ANSYS (NASDAQ:ANSS) last posted its earnings results on Wednesday, May 1st. The software maker reported $1.39 EPS for the quarter, missing the consensus estimate of $1.93 by ($0.54). The business had revenue of $466.60 million for the quarter, compared to analysts’ expectations of $549.85 million. ANSYS had a return on equity of 10.45% and a net margin of 19.51%. ANSYS’s quarterly revenue was down 8.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.45 earnings per share. Equities research analysts expect that ANSYS, Inc. will post 7.16 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on ANSS shares. Rosenblatt Securities reiterated a “neutral” rating and issued a $345.00 target price on shares of ANSYS in a research note on Friday, May 3rd. Barclays boosted their target price on shares of ANSYS from $314.00 to $340.00 and gave the company an “underweight” rating in a report on Thursday, February 22nd. Finally, StockNews.com assumed coverage on ANSYS in a research report on Tuesday. They issued a “hold” rating for the company. Two analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $320.00.

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.