1,712 Shares in ANSYS, Inc. (ANSS) Purchased by Wisconsin Capital Management LLC

Wisconsin Capital Management LLC bought a new position in shares of ANSYS, Inc. (NASDAQ:ANSS) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,712 shares of the software maker’s stock, valued at approximately $245,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. AdvisorNet Financial Inc boosted its position in ANSYS by 77.8% during the fourth quarter. AdvisorNet Financial Inc now owns 320 shares of the software maker’s stock worth $46,000 after acquiring an additional 140 shares during the last quarter. Meeder Asset Management Inc. purchased a new position in ANSYS during the fourth quarter worth approximately $69,000. Carroll Financial Associates Inc. raised its stake in ANSYS by 36.9% during the fourth quarter. Carroll Financial Associates Inc. now owns 527 shares of the software maker’s stock worth $77,000 after purchasing an additional 142 shares during the period. Enlightenment Research LLC purchased a new position in ANSYS during the fourth quarter worth approximately $101,000. Finally, Private Capital Group LLC raised its stake in ANSYS by 9.0% during the fourth quarter. Private Capital Group LLC now owns 791 shares of the software maker’s stock worth $113,000 after purchasing an additional 65 shares during the period. Hedge funds and other institutional investors own 92.84% of the company’s stock.

Get ANSYS alerts:

In other news, CEO Ajei Gopal sold 883 shares of the firm’s stock in a transaction on Thursday, February 28th. The shares were sold at an average price of $186.00, for a total value of $164,238.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Richard S. Mahoney sold 8,347 shares of the firm’s stock in a transaction on Thursday, January 3rd. The shares were sold at an average price of $140.44, for a total transaction of $1,172,252.68. The disclosure for this sale can be found here. In the last three months, insiders sold 28,475 shares of company stock worth $4,790,266. Insiders own 1.10% of the company’s stock.

Shares of ANSS stock traded up $0.11 during mid-day trading on Wednesday, reaching $178.86. The company’s stock had a trading volume of 6,982 shares, compared to its average volume of 438,953. ANSYS, Inc. has a 12-month low of $136.80 and a 12-month high of $190.45. The company has a market cap of $14.66 billion, a PE ratio of 34.43 and a beta of 1.34.

ANSYS (NASDAQ:ANSS) last issued its earnings results on Wednesday, February 27th. The software maker reported $2.13 EPS for the quarter, beating the Zacks’ consensus estimate of $1.49 by $0.64. ANSYS had a net margin of 27.00% and a return on equity of 15.33%. The business had revenue of $340.07 million for the quarter, compared to the consensus estimate of $365.03 million. During the same quarter last year, the firm posted $1.07 EPS. The business’s revenue for the quarter was up 12.1% compared to the same quarter last year. As a group, equities analysts forecast that ANSYS, Inc. will post 4.95 earnings per share for the current fiscal year.

A number of equities analysts have weighed in on ANSS shares. Zacks Investment Research raised shares of ANSYS from a “hold” rating to a “buy” rating and set a $178.00 price target on the stock in a research note on Thursday, January 24th. Wedbush increased their price target on shares of ANSYS from $192.00 to $201.00 and gave the stock an “outperform” rating in a research note on Friday, March 1st. Stifel Nicolaus started coverage on shares of ANSYS in a research note on Tuesday, December 18th. They set a “hold” rating and a $162.00 price target on the stock. BidaskClub raised shares of ANSYS from a “sell” rating to a “hold” rating in a research note on Saturday, January 19th. Finally, Mitsubishi UFJ Financial Group increased their price target on shares of ANSYS to $203.00 and gave the stock an “overweight” rating in a research note on Thursday, February 28th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $180.77.

TRADEMARK VIOLATION NOTICE: “1,712 Shares in ANSYS, Inc. (ANSS) Purchased by Wisconsin Capital Management LLC” was originally reported by Ticker Report and is owned by of Ticker Report. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of U.S. and international copyright and trademark law. The correct version of this piece can be viewed at https://www.tickerreport.com/banking-finance/4201503/1712-shares-in-ansys-inc-anss-purchased-by-wisconsin-capital-management-llc.html.

ANSYS Profile

ANSYS, Inc develops and markets engineering simulation software and services worldwide. The company offers ANSYS Workbench, a framework upon which the company's engineering simulation technologies are built; ANSYS multiphysics software to simulate the interactions between structures, heat transfer, fluids, and electronics in a unified engineering simulation environment; and structural analysis product suite that provides simulation tools for product design and optimization.

Featured Article: What is the float in trading stocks?

Want to see what other hedge funds are holding ANSS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ANSYS, Inc. (NASDAQ:ANSS).