ANSYS, Inc. (NASDAQ:ANSS) Shares Purchased by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board lifted its stake in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 303.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 154,549 shares of the software maker's stock after purchasing an additional 116,207 shares during the period. Canada Pension Plan Investment Board owned about 0.18% of ANSYS worth $52,134,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Ameliora Wealth Management Ltd. acquired a new position in shares of ANSYS during the fourth quarter worth $27,000. Assetmark Inc. raised its holdings in shares of ANSYS by 468.2% in the fourth quarter. Assetmark Inc. now owns 125 shares of the software maker's stock valued at $42,000 after buying an additional 103 shares during the last quarter. Millstone Evans Group LLC purchased a new stake in ANSYS during the 4th quarter valued at approximately $42,000. SBI Securities Co. Ltd. acquired a new stake in shares of ANSYS during the fourth quarter worth $47,000. Finally, Allworth Financial LP boosted its holdings in shares of ANSYS by 33.7% in the fourth quarter. Allworth Financial LP now owns 258 shares of the software maker's stock valued at $92,000 after acquiring an additional 65 shares in the last quarter. 92.39% of the stock is owned by institutional investors and hedge funds.

ANSYS Trading Down 1.6 %

ANSS traded down $4.80 during midday trading on Monday, hitting $297.94. The company's stock had a trading volume of 453,379 shares, compared to its average volume of 478,971. The firm has a market cap of $26.12 billion, a P/E ratio of 45.49, a PEG ratio of 3.48 and a beta of 1.20. The firm has a 50-day moving average price of $318.38 and a two-hundred day moving average price of $332.20. ANSYS, Inc. has a 52-week low of $275.06 and a 52-week high of $363.03. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 0.12.

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

Insiders Place Their Bets

In related news, Director Glenda Dorchak sold 200 shares of ANSYS 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 owns 3,230 shares of the company's stock, valued at $969,032.30. The trade was a 5.83 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.46% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms recently weighed in on ANSS. StockNews.com upgraded ANSYS from a "hold" rating to a "buy" rating in a research note on Friday. 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 research note 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.