Segantii Capital Management Ltd Invests $15.24 Million in ANSYS, Inc. (NASDAQ:ANSS)

Segantii Capital Management Ltd purchased a new position in ANSYS, Inc. (NASDAQ:ANSS) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 42,000 shares of the software maker’s stock, valued at approximately $15,241,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CVA Family Office LLC bought a new position in shares of ANSYS during the 4th quarter worth about $28,000. Raleigh Capital Management Inc. raised its position 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 valued at $29,000 after acquiring an additional 57 shares during the last quarter. Turtle Creek Wealth Advisors LLC acquired a new position in ANSYS during the fourth quarter valued at approximately $47,000. KB Financial Partners LLC lifted its holdings in shares of ANSYS by 69.5% during the 3rd quarter. KB Financial Partners LLC now owns 178 shares of the software maker’s stock valued at $53,000 after purchasing an additional 73 shares in the last quarter. Finally, Lindbrook Capital LLC increased its holdings in ANSYS by 18.1% during the 3rd quarter. Lindbrook Capital LLC now owns 241 shares of the software maker’s stock worth $72,000 after purchasing an additional 37 shares in the last quarter. 92.39% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on ANSS. Wolfe Research reissued a “peer perform” rating on shares of ANSYS in a research report on Wednesday, January 17th. StockNews.com began coverage on ANSYS in a report on Thursday. They issued a “hold” rating for the company. Rosenblatt Securities reaffirmed a “neutral” rating and set a $345.00 target price on shares of ANSYS in a research report on Friday, May 3rd. Barclays boosted their price target on shares of ANSYS from $314.00 to $340.00 and gave the stock an “underweight” rating in a report on Thursday, February 22nd. Finally, Mizuho dropped their price objective on ANSYS from $350.00 to $330.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 17th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $320.00.

Insiders Place Their Bets

In related news, Director Glenda Dorchak sold 150 shares of the business’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $342.08, for a total value of $51,312.00. Following the completion of the sale, the director now owns 3,049 shares in the company, valued at $1,043,001.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.46% of the company’s stock.

ANSYS Price Performance

NASDAQ:ANSS traded up $0.29 on Thursday, reaching $327.25. 196,812 shares of the company’s stock traded hands, compared to its average volume of 658,606. The company has a quick ratio of 2.80, a current ratio of 2.80 and a debt-to-equity ratio of 0.14. ANSYS, Inc. has a 12 month low of $258.01 and a 12 month high of $364.31. The stock has a 50-day simple moving average of $335.06 and a 200-day simple moving average of $323.12. The firm has a market cap of $28.57 billion, a PE ratio of 65.65, a P/E/G ratio of 5.01 and a beta of 1.16.

ANSYS (NASDAQ:ANSS) last announced its quarterly earnings results on Wednesday, May 1st. The software maker reported $1.39 EPS for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.54). ANSYS had a net margin of 19.51% and a return on equity of 10.45%. The firm had revenue of $466.60 million for the quarter, compared to the consensus estimate of $549.85 million. During the same period in the previous year, the company posted $1.45 earnings per share. ANSYS’s quarterly revenue was down 8.4% on a year-over-year basis. Equities research analysts forecast that ANSYS, Inc. will post 7.39 earnings per share for the current year.

About ANSYS

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.