2Xideas AG Has $13.30 Million Position in ANSYS, Inc. (NASDAQ:ANSS)

2Xideas AG boosted its stake in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 65.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 39,428 shares of the software maker's stock after buying an additional 15,562 shares during the period. ANSYS accounts for 1.8% of 2Xideas AG's portfolio, making the stock its 18th biggest holding. 2Xideas AG's holdings in ANSYS were worth $13,300,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of ANSS. Public Sector Pension Investment Board raised its stake in shares of ANSYS by 14.9% in the 3rd quarter. Public Sector Pension Investment Board now owns 3,847 shares of the software maker's stock worth $1,226,000 after buying an additional 500 shares in the last quarter. Benjamin Edwards Inc. boosted its stake in shares of ANSYS by 237.1% during the 3rd quarter. Benjamin Edwards Inc. now owns 1,264 shares of the software maker's stock worth $403,000 after acquiring an additional 889 shares in the last quarter. Hilltop Holdings Inc. acquired a new position in shares of ANSYS in the 3rd quarter worth $311,000. Janus Henderson Group PLC raised its position in shares of ANSYS by 7.4% during the third quarter. Janus Henderson Group PLC now owns 21,680 shares of the software maker's stock worth $6,906,000 after purchasing an additional 1,500 shares during the period. Finally, Investment Management Corp of Ontario raised its position in shares of ANSYS by 53.3% during the third quarter. Investment Management Corp of Ontario now owns 2,877 shares of the software maker's stock worth $917,000 after purchasing an additional 1,000 shares during the period. Institutional investors and hedge funds own 92.39% of the company's stock.

Remove Ads

Analyst Ratings Changes

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

Insiders Place Their Bets

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

ANSYS Stock Up 0.7 %

Shares of ANSS stock traded up $1.94 on Friday, reaching $298.44. 236,218 shares of the company's stock traded hands, compared to its average volume of 470,362. The company has a market capitalization of $26.16 billion, a P/E ratio of 45.22, a price-to-earnings-growth ratio of 3.48 and a beta of 1.20. ANSYS, Inc. has a 12-month low of $275.06 and a 12-month high of $363.03. 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 business's 50 day moving average price is $324.29 and its two-hundred day moving average price is $332.94.

ANSYS (NASDAQ:ANSS - Get Free Report) last released its earnings results on Wednesday, February 19th. The software maker reported $3.65 earnings per share for the quarter, missing the consensus estimate of $3.97 by ($0.32). The business had revenue of $882.17 million for the quarter, compared to analysts' expectations 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 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.