Broad Peak Investment Advisers Pte Ltd Has $61.59 Million Stock Holdings in ANSYS, Inc. (NASDAQ:ANSS)

Broad Peak Investment Advisers Pte Ltd raised its position in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 99.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 182,573 shares of the software maker's stock after buying an additional 91,000 shares during the quarter. ANSYS comprises 31.2% of Broad Peak Investment Advisers Pte Ltd's portfolio, making the stock its 2nd largest position. Broad Peak Investment Advisers Pte Ltd owned approximately 0.21% of ANSYS worth $61,587,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. State Street Corp boosted its holdings in shares of ANSYS by 3.0% in the 3rd quarter. State Street Corp now owns 3,703,249 shares of the software maker's stock valued at $1,179,966,000 after buying an additional 106,187 shares during the period. Geode Capital Management LLC lifted its holdings in ANSYS by 1.7% in the third quarter. Geode Capital Management LLC now owns 2,305,554 shares of the software maker's stock worth $732,672,000 after acquiring an additional 37,577 shares during the last quarter. Principal Financial Group Inc. boosted its stake in ANSYS by 1.3% in the fourth quarter. Principal Financial Group Inc. now owns 570,525 shares of the software maker's stock valued at $192,456,000 after acquiring an additional 7,098 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of ANSYS by 4.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 553,193 shares of the software maker's stock valued at $186,609,000 after purchasing an additional 21,051 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its position in shares of ANSYS by 1.3% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 525,565 shares of the software maker's stock worth $177,289,000 after purchasing an additional 6,786 shares during the period. Institutional investors own 92.39% of the company's stock.

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ANSYS Stock Performance

Shares of NASDAQ:ANSS traded up $1.53 during trading hours on Monday, hitting $325.73. The stock had a trading volume of 406,028 shares, compared to its average volume of 427,647. The stock's fifty day simple moving average is $336.88 and its 200 day simple moving average is $334.12. The firm has a market capitalization of $28.55 billion, a price-to-earnings ratio of 49.73, a PEG ratio of 3.48 and a beta of 1.11. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.01 and a current ratio of 3.01. ANSYS, Inc. has a 1-year low of $289.82 and a 1-year high of $363.03.

ANSYS (NASDAQ:ANSS - Get Free Report) last announced its 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 business had revenue of $882.17 million for the quarter, compared to the consensus estimate of $864.46 million. Sell-side analysts anticipate that ANSYS, Inc. will post 8.32 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on ANSS shares. StockNews.com lowered ANSYS from a "buy" rating to a "hold" rating in a research report on Friday. Rosenblatt Securities boosted their price target 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 Activity at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the firm's stock in a transaction dated 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 approximately $1,154,606.60. This trade represents a 5.51 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.46% of the company's stock.

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.