KLP Kapitalforvaltning AS Invests $10.05 Million in ANSYS, Inc. (NASDAQ:ANSS)

KLP Kapitalforvaltning AS bought a new position in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 29,799 shares of the software maker's stock, valued at approximately $10,052,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Nomura Asset Management Co. Ltd. boosted its position in ANSYS by 7.2% during the third quarter. Nomura Asset Management Co. Ltd. now owns 28,351 shares of the software maker's stock worth $9,033,000 after purchasing an additional 1,914 shares in the last quarter. FNY Investment Advisers LLC raised its stake in shares of ANSYS by 78.7% during the 4th quarter. FNY Investment Advisers LLC now owns 6,037 shares of the software maker's stock worth $2,036,000 after buying an additional 2,659 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of ANSYS by 34.9% in the 3rd 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 in the last quarter. Daiwa Securities Group Inc. grew its stake in ANSYS by 12.6% in the 3rd quarter. Daiwa Securities Group Inc. now owns 16,289 shares of the software maker's stock valued at $5,190,000 after acquiring an additional 1,818 shares during the last quarter. Finally, Oak Thistle LLC purchased a new position in ANSYS during the 4th quarter valued at about $255,000. 92.39% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Glenda Dorchak sold 200 shares of the firm's stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $336.62, for a total value of $67,324.00. Following the sale, the director now directly owns 3,430 shares of the company's stock, valued at approximately $1,154,606.60. This trade represents a 5.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.46% of the company's stock.

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Wall Street Analysts Forecast Growth

ANSS has been the topic of several recent research reports. Rosenblatt Securities upped their price target on shares of ANSYS from $335.00 to $340.00 and gave the company a "neutral" rating in a report on Friday, February 21st. StockNews.com downgraded ANSYS from a "buy" rating to a "hold" rating in a research report on Friday, March 21st.

ANSYS Price Performance

ANSS stock traded down $5.20 during trading on Friday, hitting $316.89. The stock had a trading volume of 518,831 shares, compared to its average volume of 454,348. The stock has a market cap of $27.78 billion, a price-to-earnings ratio of 48.38, a price-to-earnings-growth 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 company's 50 day moving average price is $335.12 and its two-hundred day moving average price is $334.16. ANSYS, Inc. has a 1-year low of $289.82 and a 1-year high of $363.03.

ANSYS (NASDAQ:ANSS - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The software maker reported $3.65 earnings per share 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 firm had revenue of $882.17 million during the quarter, compared to analyst estimates of $864.46 million. On average, sell-side analysts forecast that ANSYS, Inc. will post 8.32 EPS for the current fiscal 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.