Allianz SE Purchases New Holdings in ANSYS, Inc. (NASDAQ:ANSS)

Allianz SE purchased a new position in ANSYS, Inc. (NASDAQ:ANSS - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 4,605 shares of the software maker's stock, valued at approximately $1,556,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ANSS. Dynamic Technology Lab Private Ltd acquired a new stake in shares of ANSYS in the third quarter valued at approximately $534,000. Townsquare Capital LLC raised its position in shares of ANSYS by 7.4% during the 3rd quarter. Townsquare Capital LLC now owns 4,595 shares of the software maker's stock valued at $1,464,000 after buying an additional 318 shares during the period. Glenmede Trust Co. NA raised its position in shares of ANSYS by 2.1% during the 3rd quarter. Glenmede Trust Co. NA now owns 2,973 shares of the software maker's stock valued at $947,000 after buying an additional 61 shares during the period. FORA Capital LLC purchased a new position in ANSYS in the third quarter worth approximately $208,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in ANSYS by 24.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 42,704 shares of the software maker's stock valued at $13,607,000 after purchasing an additional 8,521 shares during the period. Hedge funds and other institutional investors own 92.39% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Rosenblatt Securities increased their price target on ANSYS from $335.00 to $340.00 and gave the stock a "neutral" rating in a report on Friday, February 21st. StockNews.com lowered shares of ANSYS from a "buy" rating to a "hold" rating in a research note on Friday, March 21st.

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ANSYS Stock Down 3.0 %

ANSS traded down $9.61 on Thursday, hitting $311.30. 315,761 shares of the company were exchanged, compared to its average volume of 454,963. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 0.12. The company has a market cap of $27.29 billion, a price-to-earnings ratio of 47.53, a price-to-earnings-growth ratio of 3.48 and a beta of 1.11. The firm has a 50-day moving average price of $333.11 and a two-hundred day moving average price of $334.36. ANSYS, Inc. has a twelve month low of $289.82 and a twelve month high of $363.03.

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

Insider Transactions at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the business's stock in a transaction that occurred on Monday, January 13th. The stock was 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 in the company, valued at approximately $1,154,606.60. The trade was a 5.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.46% of the company's stock.

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.