Forsta AP Fonden Raises Stake in ANSYS, Inc. (NASDAQ:ANSS)

Forsta AP Fonden increased its holdings in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 17.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,100 shares of the software maker's stock after acquiring an additional 3,000 shares during the quarter. Forsta AP Fonden's holdings in ANSYS were worth $6,404,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in ANSS. Swedbank AB purchased a new stake in ANSYS in the first quarter worth about $128,089,000. M&G Plc purchased a new stake in ANSYS in the first quarter worth about $115,922,000. Magnetar Financial LLC purchased a new stake in ANSYS in the first quarter worth about $72,797,000. Matrix Capital Management Company LP purchased a new stake in ANSYS in the first quarter worth about $50,338,000. Finally, Canada Pension Plan Investment Board lifted its stake in ANSYS by 1,052.9% in the first quarter. Canada Pension Plan Investment Board now owns 99,263 shares of the software maker's stock worth $34,460,000 after acquiring an additional 90,653 shares during the period. 92.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on ANSS shares. StockNews.com started coverage on shares of ANSYS in a report on Sunday, September 22nd. They issued a "hold" rating for the company. Rosenblatt Securities reduced their target price on shares of ANSYS from $345.00 to $335.00 and set a "neutral" rating for the company in a report on Tuesday, August 6th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $318.33.

Insider Activity

In other news, Director Glenda Dorchak sold 152 shares of the company's stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $313.61, for a total transaction of $47,668.72. Following the transaction, the director now owns 3,630 shares in the company, valued at $1,138,404.30. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.46% of the company's stock.

ANSYS Stock Up 2.3 %

Shares of ANSS traded up $7.24 during mid-day trading on Tuesday, hitting $328.41. 314,874 shares of the company traded hands, compared to its average volume of 524,609. ANSYS, Inc. has a 1-year low of $258.01 and a 1-year high of $364.31. The company has a quick ratio of 2.95, a current ratio of 2.95 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $28.67 billion, a PE ratio of 64.49, a price-to-earnings-growth ratio of 6.99 and a beta of 1.11. The business has a 50 day moving average of $320.27 and a 200 day moving average of $321.58.

ANSYS (NASDAQ:ANSS - Get Free Report) last posted its quarterly earnings data on Wednesday, July 31st. The software maker reported $2.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.92 by $0.58. ANSYS had a net margin of 21.30% and a return on equity of 11.51%. The firm had revenue of $594.14 million for the quarter, compared to the consensus estimate of $550.30 million. During the same quarter in the prior year, the company posted $1.06 earnings per share. The company's revenue for the quarter was up 19.6% compared to the same quarter last year. Equities research analysts anticipate that ANSYS, Inc. will post 7.32 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.