BI Asset Management Fondsmaeglerselskab A S Increases Holdings in ANSYS, Inc. (NASDAQ:ANSS)

BI Asset Management Fondsmaeglerselskab A S raised its stake in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 327.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,261 shares of the software maker's stock after purchasing an additional 3,263 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in ANSYS were worth $1,437,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Wilmington Savings Fund Society FSB acquired a new position in ANSYS during the 3rd quarter worth approximately $174,000. Destination Wealth Management lifted its position in shares of ANSYS by 1.7% during the third quarter. Destination Wealth Management now owns 69,296 shares of the software maker's stock worth $22,080,000 after purchasing an additional 1,147 shares in the last quarter. Tidal Investments LLC lifted its position in shares of ANSYS by 5.0% during the third quarter. Tidal Investments LLC now owns 10,841 shares of the software maker's stock worth $3,454,000 after purchasing an additional 520 shares in the last quarter. Oddo BHF Asset Management Sas purchased a new position in shares of ANSYS in the third quarter valued at $7,966,000. Finally, JPMorgan Chase & Co. grew its holdings in ANSYS by 34.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 386,708 shares of the software maker's stock valued at $123,217,000 after purchasing an additional 100,042 shares in the last quarter. Institutional investors and hedge funds own 92.39% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ANSS. StockNews.com raised shares of ANSYS from a "hold" rating to a "buy" rating in a research report on Friday, April 18th. Rosenblatt Securities increased their price target on 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 other ANSYS news, Director Glenda Dorchak sold 200 shares of the stock in a transaction on Monday, April 14th. The shares were sold at an average price of $300.01, for a total transaction of $60,002.00. Following the sale, the director now directly owns 3,230 shares of the company's stock, valued at approximately $969,032.30. This represents a 5.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.46% of the stock is currently owned by company insiders.

ANSYS Trading Up 1.8 %

NASDAQ ANSS opened at $303.26 on Wednesday. The company has a market capitalization of $26.58 billion, a price-to-earnings ratio of 46.30, a price-to-earnings-growth ratio of 3.48 and a beta of 1.20. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.01 and a quick ratio of 3.01. ANSYS, Inc. has a 12 month low of $275.06 and a 12 month high of $363.03. The company's fifty day moving average price is $317.67 and its two-hundred day moving average price is $331.99.

ANSYS (NASDAQ:ANSS - Get Free Report) last announced its quarterly earnings data 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 firm 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%. As a group, research analysts predict that ANSYS, Inc. will post 8.32 earnings per share 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.

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