Charles Schwab Investment Management Inc. Purchases 21,051 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Charles Schwab Investment Management Inc. increased its stake in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 4.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 553,193 shares of the software maker's stock after purchasing an additional 21,051 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.63% of ANSYS worth $186,609,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of ANSS. Ameliora Wealth Management Ltd. bought a new position in shares of ANSYS in the fourth quarter worth $27,000. SBI Securities Co. Ltd. bought a new position in ANSYS in the fourth quarter valued at about $47,000. Allworth Financial LP grew its position in 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 during the last quarter. Brooklyn Investment Group bought a new position in ANSYS in the third quarter valued at about $119,000. Finally, Wilmington Savings Fund Society FSB bought a new position in ANSYS in the third quarter valued at about $174,000. Institutional investors own 92.39% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on ANSS shares. StockNews.com upgraded ANSYS from a "hold" rating to a "buy" rating in a research report on Friday, February 21st. Rosenblatt Securities lifted their target price on ANSYS from $335.00 to $340.00 and gave the company a "neutral" rating in a research report on Friday, February 21st.

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Insider Activity at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $336.62, for a total transaction of $67,324.00. Following the transaction, the director now directly owns 3,430 shares in the company, valued at approximately $1,154,606.60. This represents a 5.51 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.46% of the stock is currently owned by company insiders.

ANSYS Trading Up 0.1 %

Shares of NASDAQ:ANSS traded up $0.47 during midday trading on Friday, hitting $325.61. 389,644 shares of the stock were exchanged, compared to its average volume of 426,948. The stock has a market capitalization of $28.54 billion, a price-to-earnings ratio of 49.71, a P/E/G 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. The business's 50-day moving average price is $340.49 and its 200 day moving average price is $333.74. ANSYS, Inc. has a 12 month low of $289.82 and a 12 month high of $363.03.

ANSYS (NASDAQ:ANSS - Get Free Report) last released 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 firm had revenue of $882.17 million for the quarter, compared to the consensus estimate of $864.46 million. ANSYS had a return on equity of 12.69% and a net margin of 22.62%. Analysts predict that ANSYS, Inc. will post 8.32 earnings per share for the current year.

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.