Legal & General Group Plc Has $190.82 Million Stock Holdings in ANSYS, Inc. (NASDAQ:ANSS)

Legal & General Group Plc reduced its position in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 22.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 565,682 shares of the software maker's stock after selling 167,963 shares during the quarter. Legal & General Group Plc owned approximately 0.65% of ANSYS worth $190,822,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank bought a new position in shares of ANSYS in the fourth quarter worth $615,566,000. Proficio Capital Partners LLC acquired a new stake in shares of ANSYS in the 4th quarter worth approximately $119,140,000. National Bank of Canada FI boosted its holdings in shares of ANSYS by 69.4% in the fourth quarter. National Bank of Canada FI now owns 244,390 shares of the software maker's stock valued at $82,440,000 after acquiring an additional 100,111 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of ANSYS by 34.9% during the third quarter. JPMorgan Chase & Co. now owns 386,708 shares of the software maker's stock valued at $123,217,000 after acquiring an additional 100,042 shares during the period. Finally, Broad Peak Investment Advisers Pte Ltd raised its holdings in ANSYS by 99.4% during the fourth quarter. Broad Peak Investment Advisers Pte Ltd now owns 182,573 shares of the software maker's stock worth $61,587,000 after purchasing an additional 91,000 shares in the last quarter. Institutional investors and hedge funds own 92.39% of the company's stock.

Wall Street Analysts Forecast Growth

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

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ANSYS Price Performance

Shares of ANSS traded up $8.12 during trading hours on Monday, hitting $304.43. 260,423 shares of the company were exchanged, compared to its average volume of 471,383. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.01 and a quick ratio of 3.01. The company has a market capitalization of $26.68 billion, a PE ratio of 46.48, a PEG ratio of 3.48 and a beta of 1.20. The firm has a fifty day simple moving average of $323.28 and a 200-day simple moving average of $332.84. 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 posted its quarterly earnings data 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). ANSYS had a return on equity of 12.69% and a net margin of 22.62%. The company had revenue of $882.17 million for the quarter, compared to analyst estimates of $864.46 million. As a group, sell-side 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.