Lbp Am Sa Buys 3,635 Shares of ANSYS, Inc. (NASDAQ:ANSS)

LBP AM SA increased its stake in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 22.8% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 19,561 shares of the software maker's stock after buying an additional 3,635 shares during the quarter. LBP AM SA's holdings in ANSYS were worth $6,599,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Ameliora Wealth Management Ltd. purchased a new stake in ANSYS during the fourth quarter valued at about $27,000. Assetmark Inc. lifted its holdings in ANSYS by 468.2% during the fourth 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 last quarter. SBI Securities Co. Ltd. purchased a new stake in ANSYS during the fourth quarter valued at about $47,000. Allworth Financial LP lifted its holdings in ANSYS by 33.7% during the fourth quarter. Allworth Financial LP now owns 258 shares of the software maker's stock valued at $92,000 after purchasing an additional 65 shares during the last quarter. Finally, Brooklyn Investment Group purchased a new stake in ANSYS during the third quarter valued at about $119,000. 92.39% of the stock is owned by hedge funds and other institutional investors.

ANSYS Price Performance

Shares of ANSS traded down $0.78 during midday trading on Wednesday, hitting $323.04. 481,316 shares of the company traded hands, compared to its average volume of 429,059. The stock has a 50-day moving average of $338.17 and a 200-day moving average of $333.78. ANSYS, Inc. has a one year low of $289.82 and a one year high of $363.03. The firm has a market cap of $28.32 billion, a P/E ratio of 49.32, a PEG ratio of 3.48 and a beta of 1.11. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.01 and a quick ratio of 3.01.

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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 earnings per share for the quarter, missing the consensus estimate of $3.97 by ($0.32). ANSYS had a net margin of 22.62% and a return on equity of 12.69%. The company had revenue of $882.17 million for the quarter, compared to the consensus estimate of $864.46 million. As a group, sell-side analysts predict that ANSYS, Inc. will post 8.32 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In related news, Director Glenda Dorchak sold 200 shares of the company's stock in a transaction that occurred 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 in the company, 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.46% of the stock is owned by company insiders.

About ANSYS

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.