Kovitz Investment Group Partners LLC raised its position in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 71.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,778 shares of the software maker's stock after acquiring an additional 16,544 shares during the period. Kovitz Investment Group Partners LLC's holdings in ANSYS were worth $13,418,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in ANSYS by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 10,643,766 shares of the software maker's stock valued at $3,590,462,000 after buying an additional 78,730 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of ANSYS by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 2,363,744 shares of the software maker's stock valued at $796,033,000 after acquiring an additional 58,190 shares during the period. FIL Ltd boosted its position in shares of ANSYS by 32.5% in the fourth quarter. FIL Ltd now owns 2,086,177 shares of the software maker's stock valued at $703,730,000 after acquiring an additional 511,557 shares during the period. Capital Research Global Investors acquired a new stake in shares of ANSYS in the fourth quarter worth $695,129,000. Finally, Norges Bank bought a new position in ANSYS during the fourth quarter worth $615,566,000. 92.39% of the stock is owned by institutional investors and hedge funds.
ANSYS Price Performance
Shares of NASDAQ:ANSS traded up $1.82 during midday trading on Tuesday, reaching $319.82. 576,984 shares of the company's stock were exchanged, compared to its average volume of 483,763. 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 simple moving average is $315.87 and its two-hundred day simple moving average is $331.83. ANSYS, Inc. has a 12 month low of $275.06 and a 12 month high of $363.03. The firm has a market capitalization of $28.03 billion, a PE ratio of 48.83, a price-to-earnings-growth ratio of 3.48 and a beta of 1.20.
ANSYS (NASDAQ:ANSS - Get Free Report) last released 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). The company had revenue of $882.17 million for the quarter, compared to analyst estimates of $864.46 million. ANSYS had a net margin of 22.62% and a return on equity of 12.69%. Equities research analysts expect that ANSYS, Inc. will post 8.32 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several analysts have issued reports on ANSS shares. StockNews.com lowered shares of ANSYS from a "buy" rating to a "hold" rating in a research report on Monday. Rosenblatt Securities lifted their target price on ANSYS from $335.00 to $340.00 and gave the stock a "neutral" rating in a research report on Friday, February 21st.
Check Out Our Latest Research Report on ANSS
Insider Transactions at ANSYS
In related news, Director Glenda Dorchak sold 200 shares of the company's stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $300.01, for a total transaction of $60,002.00. Following the transaction, the director now owns 3,230 shares in the company, valued at $969,032.30. This represents a 5.83 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.46% of the company's stock.
About ANSYS
(
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.
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