SVB Wealth LLC Invests $300,000 in ANSYS, Inc. (NASDAQ:ANSS)

SVB Wealth LLC purchased a new position in ANSYS, Inc. (NASDAQ:ANSS - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 888 shares of the software maker's stock, valued at approximately $300,000.

A number of other institutional investors have also bought and sold shares of ANSS. Proficio Capital Partners LLC purchased a new stake in ANSYS in the 4th quarter worth $119,140,000. D1 Capital Partners L.P. purchased a new position in shares of ANSYS during the third quarter valued at about $73,345,000. State Street Corp grew its position in shares of ANSYS by 3.0% during the third quarter. State Street Corp now owns 3,703,249 shares of the software maker's stock valued at $1,179,966,000 after purchasing an additional 106,187 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of ANSYS by 34.9% during the third quarter. JPMorgan Chase & Co. now owns 386,708 shares of the software maker's stock valued at $123,217,000 after purchasing an additional 100,042 shares in the last quarter. Finally, CCLA Investment Management grew its position in shares of ANSYS by 11.9% during the fourth quarter. CCLA Investment Management now owns 445,891 shares of the software maker's stock valued at $150,381,000 after purchasing an additional 47,331 shares in the last quarter. Hedge funds and other institutional investors own 92.39% of the company's stock.

ANSYS Trading Up 0.1 %

Shares of NASDAQ:ANSS traded up $0.47 during trading on Friday, reaching $325.61. The company's stock had a trading volume of 389,644 shares, compared to its average volume of 426,948. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 0.12. ANSYS, Inc. has a 12 month low of $289.82 and a 12 month high of $363.03. The firm's 50 day simple moving average is $340.49 and its two-hundred day simple moving average is $333.74. The stock has a market capitalization of $28.54 billion, a PE ratio of 49.71, a price-to-earnings-growth ratio of 3.48 and a beta of 1.11.

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ANSYS (NASDAQ:ANSS - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The software maker reported $3.65 EPS for the quarter, missing analysts' consensus estimates of $3.97 by ($0.32). ANSYS had a net margin of 22.62% and a return on equity of 12.69%. The business had revenue of $882.17 million during the quarter, compared to the consensus estimate of $864.46 million. On average, research analysts predict that ANSYS, Inc. will post 8.32 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on ANSS shares. Rosenblatt Securities raised their price objective on ANSYS from $335.00 to $340.00 and gave the company a "neutral" rating in a research report on Friday, February 21st. StockNews.com upgraded ANSYS from a "hold" rating to a "buy" rating in a research report on Friday, February 21st.

Insider Activity at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the firm's stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $336.62, for a total value of $67,324.00. Following the completion of the sale, the director now owns 3,430 shares of the company's stock, valued at $1,154,606.60. This trade represents a 5.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.46% of the stock is owned by insiders.

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.