Principal Financial Group Inc. Has $192.46 Million Holdings in ANSYS, Inc. (NASDAQ:ANSS)

Principal Financial Group Inc. boosted its stake in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 1.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 570,525 shares of the software maker's stock after purchasing an additional 7,098 shares during the period. Principal Financial Group Inc. owned approximately 0.65% of ANSYS worth $192,456,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of ANSS. Ameliora Wealth Management Ltd. purchased a new position in shares of ANSYS in the 4th quarter valued at $27,000. Intact Investment Management Inc. purchased a new position in shares of ANSYS in the 3rd quarter valued at $70,000. Allworth Financial LP raised its stake in shares of ANSYS by 33.7% in the 4th quarter. Allworth Financial LP now owns 258 shares of the software maker's stock valued at $92,000 after acquiring an additional 65 shares during the period. Brooklyn Investment Group purchased a new position in shares of ANSYS in the 3rd quarter valued at $119,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of ANSYS in the 3rd quarter valued at $174,000. Hedge funds and other institutional investors own 92.39% of the company's stock.

ANSYS Stock Down 0.7 %

ANSS stock traded down $2.36 during mid-day trading on Friday, hitting $338.10. 232,415 shares of the company were exchanged, compared to its average volume of 474,563. ANSYS, Inc. has a twelve month low of $289.82 and a twelve month high of $363.03. The firm has a fifty day simple moving average of $342.81 and a 200 day simple moving average of $332.47. The company has a current ratio of 3.11, a quick ratio of 3.11 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $29.57 billion, a PE ratio of 51.53, a price-to-earnings-growth ratio of 3.51 and a beta of 1.12.

ANSYS (NASDAQ:ANSS - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The software maker reported $3.65 EPS 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 12.96%. The business had revenue of $882.17 million during the quarter, compared to analyst estimates of $864.46 million. On average, research analysts forecast that ANSYS, Inc. will post 8.32 earnings per share for the current fiscal year.

Insider Activity at ANSYS

In related news, Director Glenda Dorchak sold 200 shares of ANSYS stock in a transaction that occurred on Monday, January 13th. The shares were 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 of the company's stock, valued at $1,154,606.60. This trade represents a 5.51 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.46% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on ANSS. StockNews.com downgraded shares of ANSYS from a "buy" rating to a "hold" rating in a research note on Monday, January 6th. Robert W. Baird raised their price target on shares of ANSYS from $350.00 to $365.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. Finally, Rosenblatt Securities raised their price objective on shares of ANSYS from $335.00 to $340.00 and gave the stock a "neutral" rating in a report on Friday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $348.33.

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.