ANSYS, Inc. (NASDAQ:ANSS) is Brasada Capital Management LP's 10th Largest Position

Brasada Capital Management LP lifted its stake in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 7.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 42,404 shares of the software maker's stock after buying an additional 2,856 shares during the quarter. ANSYS comprises 2.5% of Brasada Capital Management LP's portfolio, making the stock its 10th biggest holding. Brasada Capital Management LP's holdings in ANSYS were worth $14,298,000 as of its most recent filing with the Securities & Exchange Commission.

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

ANSYS Trading Up 1.4 %

ANSS traded up $4.32 on Friday, reaching $320.68. 575,491 shares of the company traded hands, compared to its average volume of 482,543. The company has a market cap of $28.11 billion, a P/E ratio of 48.96, a price-to-earnings-growth ratio of 3.48 and a beta of 1.20. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.12. ANSYS, Inc. has a one year low of $275.06 and a one year high of $363.03. The firm has a fifty day simple moving average of $316.25 and a two-hundred day simple moving average of $331.85.

ANSYS (NASDAQ:ANSS - Get Free Report) last posted 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). The company had revenue of $882.17 million for 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, equities research analysts expect that ANSYS, Inc. will post 8.32 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Glenda Dorchak sold 200 shares of the business's stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $300.01, for a total value of $60,002.00. Following the completion of the sale, the director now owns 3,230 shares in the company, valued at approximately $969,032.30. The trade was a 5.83 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.46% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. StockNews.com upgraded ANSYS from a "hold" rating to a "buy" rating in a research report on Friday, April 18th. Rosenblatt Securities boosted their price objective on ANSYS from $335.00 to $340.00 and gave the company a "neutral" rating in a report on Friday, February 21st.

ANSYS Company 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.