Prudential PLC Purchases 2,122 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Prudential PLC raised its holdings in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 5.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,833 shares of the software maker's stock after purchasing an additional 2,122 shares during the period. Prudential PLC's holdings in ANSYS were worth $12,762,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Ameliora Wealth Management Ltd. bought a new position in shares of ANSYS in the fourth quarter valued at approximately $27,000. Assetmark Inc. boosted its holdings in ANSYS by 468.2% in the 4th quarter. Assetmark Inc. now owns 125 shares of the software maker's stock valued at $42,000 after purchasing an additional 103 shares during the period. Millstone Evans Group LLC purchased a new position in shares of ANSYS during the 4th quarter valued at $42,000. SBI Securities Co. Ltd. bought a new position in shares of ANSYS in the fourth quarter worth $47,000. Finally, Allworth Financial LP raised its position in shares of ANSYS by 33.7% in the fourth quarter. Allworth Financial LP now owns 258 shares of the software maker's stock worth $92,000 after buying an additional 65 shares in the last quarter. 92.39% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Glenda Dorchak sold 200 shares of the firm's stock in a transaction 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 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 legal filing with the SEC, which is available through this link. Insiders own 0.46% of the company's stock.

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ANSYS Trading Down 4.2 %

NASDAQ:ANSS traded down $13.00 during midday trading on Thursday, reaching $296.73. 198,026 shares of the stock traded hands, compared to its average volume of 469,280. The stock has a market capitalization of $26.01 billion, a P/E ratio of 45.28, a PEG ratio of 3.48 and a beta of 1.20. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.01 and a current ratio of 3.01. The company has a fifty day moving average of $325.30 and a 200 day moving average of $333.14. ANSYS, Inc. has a 12 month low of $275.06 and a 12 month high of $363.03.

ANSYS (NASDAQ:ANSS - Get Free Report) last posted its earnings results on Wednesday, February 19th. The software maker reported $3.65 earnings per share 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 for the quarter, compared to analysts' expectations of $864.46 million. On average, research analysts predict that ANSYS, Inc. will post 8.32 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently weighed in on ANSS shares. StockNews.com cut shares of ANSYS from a "buy" rating to a "hold" rating in a research report on Friday, March 21st. Rosenblatt Securities boosted their target price on ANSYS from $335.00 to $340.00 and gave the company a "neutral" rating in a research note on Friday, February 21st.

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.