Allstate Corp Makes New Investment in ANSYS, Inc. (NASDAQ:ANSS)

Allstate Corp purchased a new stake in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 2,582 shares of the software maker's stock, valued at approximately $871,000.

A number of other large investors also recently bought and sold shares of ANSS. Nomura Asset Management Co. Ltd. grew its position in shares of ANSYS by 7.2% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 28,351 shares of the software maker's stock valued at $9,033,000 after acquiring an additional 1,914 shares during the period. FNY Investment Advisers LLC boosted its position in ANSYS by 78.7% during the fourth quarter. FNY Investment Advisers LLC now owns 6,037 shares of the software maker's stock worth $2,036,000 after purchasing an additional 2,659 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in ANSYS by 34.9% in 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 during the period. Oak Thistle LLC purchased a new stake in shares of ANSYS in the fourth quarter valued at approximately $255,000. Finally, Ulland Investment Advisors LLC raised its stake in shares of ANSYS by 107.6% during the 4th quarter. Ulland Investment Advisors LLC now owns 2,635 shares of the software maker's stock worth $889,000 after buying an additional 1,366 shares during the period. 92.39% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at ANSYS

In related news, Director Glenda Dorchak sold 200 shares of ANSYS stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $336.62, for a total transaction of $67,324.00. Following the transaction, the director now owns 3,430 shares in the company, valued at approximately $1,154,606.60. This trade represents a 5.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.46% of the company's stock.

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Wall Street Analysts Forecast Growth

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

ANSYS Price Performance

Shares of NASDAQ:ANSS traded down $23.60 during trading on Friday, reaching $286.85. The stock had a trading volume of 1,315,228 shares, compared to its average volume of 461,859. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.01 and a current ratio of 3.01. ANSYS, Inc. has a 1-year low of $285.93 and a 1-year high of $363.03. The stock has a market cap of $25.14 billion, a PE ratio of 43.79, a PEG ratio of 3.48 and a beta of 1.20. The business has a fifty day moving average price of $330.70 and a 200-day moving average price of $334.09.

ANSYS (NASDAQ:ANSS - Get Free Report) last issued its 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). The business had revenue of $882.17 million during the quarter, compared to analyst estimates of $864.46 million. ANSYS had a net margin of 22.62% and a return on equity of 12.69%. On average, equities analysts forecast that ANSYS, Inc. will post 8.32 earnings per share for the current fiscal year.

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.