FIL Ltd Raises Holdings in ANSYS, Inc. (NASDAQ:ANSS)

FIL Ltd lifted its position in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 32.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,086,177 shares of the software maker's stock after purchasing an additional 511,557 shares during the period. FIL Ltd owned about 2.39% of ANSYS worth $703,730,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of ANSS. Norges Bank purchased a new stake in ANSYS in the fourth quarter valued at $615,566,000. Proficio Capital Partners LLC purchased a new stake in shares of ANSYS in the 4th quarter valued at about $119,140,000. National Bank of Canada FI grew its stake in ANSYS by 69.4% during the 4th quarter. National Bank of Canada FI now owns 244,390 shares of the software maker's stock worth $82,440,000 after buying an additional 100,111 shares during the last quarter. JPMorgan Chase & Co. increased its position in 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 buying an additional 100,042 shares during the period. Finally, Broad Peak Investment Advisers Pte Ltd boosted its holdings in shares of ANSYS by 99.4% in the fourth quarter. Broad Peak Investment Advisers Pte Ltd now owns 182,573 shares of the software maker's stock valued at $61,587,000 after acquiring an additional 91,000 shares during the period. Institutional investors and hedge funds own 92.39% of the company's stock.

Analysts Set New Price Targets

Several analysts recently commented on the stock. StockNews.com downgraded shares of ANSYS from a "buy" rating to a "hold" rating in a research report on Friday, March 21st. Rosenblatt Securities upped their target price on shares of ANSYS from $335.00 to $340.00 and gave the company a "neutral" rating in a report on Friday, February 21st.

Remove Ads

Insider Buying and Selling

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the business's stock in a transaction on Monday, January 13th. The shares were sold at an average price of $336.62, for a total transaction of $67,324.00. Following the sale, the director now directly owns 3,430 shares in the company, valued at approximately $1,154,606.60. The trade was a 5.51 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.46% of the stock is currently owned by corporate insiders.

ANSYS Stock Performance

NASDAQ:ANSS traded down $0.19 during midday trading on Friday, reaching $296.31. The stock had a trading volume of 745,360 shares, compared to its average volume of 472,150. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.12. The stock has a market cap of $25.97 billion, a P/E ratio of 45.24, a P/E/G ratio of 3.48 and a beta of 1.20. The firm has a fifty day simple moving average of $323.28 and a two-hundred day simple moving average of $332.84. ANSYS, Inc. has a 12-month low of $275.06 and a 12-month high of $363.03.

ANSYS (NASDAQ:ANSS - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The software maker reported $3.65 earnings per share (EPS) 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 analysts' expectations of $864.46 million. ANSYS had a return on equity of 12.69% and a net margin of 22.62%. On average, equities analysts expect that ANSYS, Inc. will post 8.32 EPS for the current year.

ANSYS 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.