Earnest Partners LLC lifted its position in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 2.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 654,671 shares of the software maker's stock after purchasing an additional 14,277 shares during the quarter. ANSYS comprises 1.0% of Earnest Partners LLC's investment portfolio, making the stock its 20th biggest holding. Earnest Partners LLC owned approximately 0.75% of ANSYS worth $220,840,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Melqart Asset Management UK Ltd grew its stake in shares of ANSYS by 3.3% in the 4th quarter. Melqart Asset Management UK Ltd now owns 245,269 shares of the software maker's stock worth $82,737,000 after buying an additional 7,836 shares during the last quarter. Susquehanna Fundamental Investments LLC bought a new stake in shares of ANSYS in the 4th quarter worth $7,599,000. Kovitz Investment Group Partners LLC raised its stake in shares of ANSYS by 71.2% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 39,778 shares of the software maker's stock worth $13,418,000 after purchasing an additional 16,544 shares during the last quarter. Credit Industriel ET Commercial bought a new position in shares of ANSYS during the fourth quarter valued at $192,000. Finally, Voya Investment Management LLC boosted its position in shares of ANSYS by 8.3% during the fourth quarter. Voya Investment Management LLC now owns 68,790 shares of the software maker's stock valued at $23,205,000 after buying an additional 5,263 shares during the last quarter. 92.39% of the stock is owned by hedge funds and other institutional investors.
Insider Activity
In other ANSYS 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 value of $60,002.00. Following the sale, the director now directly owns 3,230 shares in the company, valued at approximately $969,032.30. The trade was a 5.83 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.46% of the company's stock.
ANSYS Price Performance
Shares of ANSYS stock opened at $320.68 on Friday. 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 stock's fifty day moving average is $316.25 and its 200 day moving average is $331.89. The stock has a market cap of $28.11 billion, a P/E ratio of 48.96, a P/E/G ratio of 3.48 and a beta of 1.20. ANSYS, Inc. has a one year low of $275.06 and a one year high of $363.03.
ANSYS (NASDAQ:ANSS - Get Free Report) last announced its quarterly earnings data 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 net margin of 22.62% and a return on equity of 12.69%. The company 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 year.
Wall Street Analyst Weigh In
ANSS has been the topic of several research analyst reports. StockNews.com upgraded shares of ANSYS from a "hold" rating to a "buy" rating in a research note on Friday, April 18th. Rosenblatt Securities increased their target price on ANSYS from $335.00 to $340.00 and gave the company a "neutral" rating in a report on Friday, February 21st.
Check Out Our Latest Stock Report on ANSYS
ANSYS Company Profile
(
Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider ANSYS, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ANSYS wasn't on the list.
While ANSYS currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
