2,060,671 Shares in ANSYS, Inc. (NASDAQ:ANSS) Purchased by Capital Research Global Investors

Capital Research Global Investors bought a new stake in ANSYS, Inc. (NASDAQ:ANSS - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,060,671 shares of the software maker's stock, valued at approximately $695,129,000. Capital Research Global Investors owned approximately 2.36% of ANSYS at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. FNY Investment Advisers LLC lifted its holdings in shares of ANSYS by 78.7% in the fourth quarter. FNY Investment Advisers LLC now owns 6,037 shares of the software maker's stock valued at $2,036,000 after purchasing an additional 2,659 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of ANSYS by 34.9% during the third quarter. JPMorgan Chase & Co. now owns 386,708 shares of the software maker's stock worth $123,217,000 after purchasing an additional 100,042 shares in the last quarter. Oak Thistle LLC purchased a new stake in shares of ANSYS during the fourth quarter valued at approximately $255,000. Ulland Investment Advisors LLC lifted its position in shares of ANSYS by 107.6% during the fourth quarter. Ulland Investment Advisors LLC now owns 2,635 shares of the software maker's stock worth $889,000 after purchasing an additional 1,366 shares in the last quarter. Finally, CCLA Investment Management boosted its stake in ANSYS by 11.9% during the 4th quarter. CCLA Investment Management now owns 445,891 shares of the software maker's stock valued at $150,381,000 after acquiring an additional 47,331 shares during the last quarter. 92.39% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

ANSYS Stock Up 1.8 %

NASDAQ:ANSS traded up $5.34 during trading hours on Wednesday, hitting $308.60. 436,151 shares of the stock traded hands, compared to its average volume of 480,299. The firm has a 50 day moving average price of $317.67 and a 200 day moving average price of $331.99. The firm has a market cap of $27.05 billion, a price-to-earnings ratio of 47.11, a PEG ratio of 3.48 and a beta of 1.20. ANSYS, Inc. has a fifty-two week low of $275.06 and a fifty-two 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 announced its quarterly earnings data on Wednesday, February 19th. The software maker reported $3.65 EPS for the quarter, missing analysts' consensus estimates of $3.97 by ($0.32). The business had revenue of $882.17 million for the quarter, compared to analyst estimates of $864.46 million. ANSYS had a return on equity of 12.69% and a net margin of 22.62%. Equities research analysts anticipate that ANSYS, Inc. will post 8.32 earnings per share for the current year.

Insider Activity at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the business's stock in a transaction dated Monday, April 14th. The stock was 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 of the company's stock, valued at $969,032.30. The trade was a 5.83 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.46% of the stock is owned by company insiders.

About ANSYS

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.