LPL Financial LLC Acquires 2,533 Shares of ANSYS, Inc. (NASDAQ:ANSS)

LPL Financial LLC raised its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 25.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 12,373 shares of the software maker's stock after purchasing an additional 2,533 shares during the period. LPL Financial LLC's holdings in ANSYS were worth $4,174,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Geode Capital Management LLC raised its holdings in shares of ANSYS by 1.7% during the third quarter. Geode Capital Management LLC now owns 2,305,554 shares of the software maker's stock valued at $732,672,000 after purchasing an additional 37,577 shares during the last quarter. Principal Financial Group Inc. raised its stake in ANSYS by 1.3% during the 4th quarter. Principal Financial Group Inc. now owns 570,525 shares of the software maker's stock valued at $192,456,000 after buying an additional 7,098 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in ANSYS by 4.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 553,193 shares of the software maker's stock valued at $186,609,000 after buying an additional 21,051 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of ANSYS by 1.3% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 525,565 shares of the software maker's stock valued at $177,289,000 after buying an additional 6,786 shares during the period. Finally, Sei Investments Co. boosted its stake in shares of ANSYS by 4.0% in the 4th quarter. Sei Investments Co. now owns 473,848 shares of the software maker's stock worth $159,842,000 after buying an additional 18,151 shares during the last quarter. Institutional investors own 92.39% of the company's stock.

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Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Rosenblatt Securities raised their price objective on shares of ANSYS from $335.00 to $340.00 and gave the stock a "neutral" rating in a report on Friday, February 21st. StockNews.com lowered ANSYS from a "buy" rating to a "hold" rating in a report on Friday, March 21st.

ANSYS Price Performance

ANSYS stock traded up $4.30 during mid-day trading on Monday, reaching $300.61. 204,936 shares of the company's stock traded hands, compared to its average volume of 471,107. ANSYS, Inc. has a 12-month low of $275.06 and a 12-month high of $363.03. The company has a market cap of $26.35 billion, a price-to-earnings ratio of 45.89, a PEG ratio of 3.48 and a beta of 1.20. The stock has a 50 day moving average of $323.28 and a two-hundred day moving average of $332.84. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.12.

ANSYS (NASDAQ:ANSS - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The software maker reported $3.65 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 business had revenue of $882.17 million during the quarter, compared to the consensus estimate of $864.46 million. Equities analysts forecast 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.