Bank of Nova Scotia Buys 17,291 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Bank of Nova Scotia lifted its stake in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 16.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 125,276 shares of the software maker's stock after acquiring an additional 17,291 shares during the period. Bank of Nova Scotia owned 0.14% of ANSYS worth $42,259,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Stock Yards Bank & Trust Co. boosted its position in shares of ANSYS by 1.3% during the 4th quarter. Stock Yards Bank & Trust Co. now owns 2,275 shares of the software maker's stock worth $767,000 after purchasing an additional 30 shares in the last quarter. Greenleaf Trust boosted its holdings in ANSYS by 0.9% in the fourth quarter. Greenleaf Trust now owns 3,651 shares of the software maker's stock worth $1,232,000 after acquiring an additional 32 shares in the last quarter. Koshinski Asset Management Inc. increased its holdings in shares of ANSYS by 0.8% during the fourth quarter. Koshinski Asset Management Inc. now owns 4,367 shares of the software maker's stock valued at $1,473,000 after acquiring an additional 34 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. increased its holdings in shares of ANSYS by 2.8% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,298 shares of the software maker's stock valued at $438,000 after acquiring an additional 35 shares in the last quarter. Finally, BTC Capital Management Inc. lifted its holdings in shares of ANSYS by 2.5% in the 4th quarter. BTC Capital Management Inc. now owns 1,499 shares of the software maker's stock worth $506,000 after purchasing an additional 36 shares in the last quarter. 92.39% of the stock is owned by institutional investors.

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Analysts Set New Price Targets

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

ANSYS Stock Up 1.6 %

ANSYS stock traded up $4.83 during midday trading on Monday, hitting $301.14. 139,767 shares of the stock were exchanged, compared to its average volume of 470,854. ANSYS, Inc. has a 52-week low of $275.06 and a 52-week high of $363.03. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.12. The business's 50-day moving average price is $323.28 and its 200-day moving average price is $332.84. The stock has a market capitalization of $26.40 billion, a price-to-earnings ratio of 45.98, a price-to-earnings-growth ratio of 3.48 and a beta of 1.20.

ANSYS (NASDAQ:ANSS - Get Free Report) last released its earnings results on Wednesday, February 19th. The software maker reported $3.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.97 by ($0.32). The business had revenue of $882.17 million during the quarter, compared to the consensus estimate of $864.46 million. ANSYS had a net margin of 22.62% and a return on equity of 12.69%. On average, research analysts expect that ANSYS, Inc. will post 8.32 EPS 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.