Neuberger Berman Group LLC Grows Position in ANSYS, Inc. (NASDAQ:ANSS)

Neuberger Berman Group LLC raised its position in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 30.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 407,612 shares of the software maker's stock after acquiring an additional 96,202 shares during the quarter. Neuberger Berman Group LLC owned approximately 0.47% of ANSYS worth $137,500,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in ANSS. Ameliora Wealth Management Ltd. purchased a new position in ANSYS in the 4th quarter valued at $27,000. Assetmark Inc. raised its position in shares of ANSYS by 468.2% in the fourth quarter. Assetmark Inc. now owns 125 shares of the software maker's stock valued at $42,000 after buying an additional 103 shares during the last quarter. Millstone Evans Group LLC purchased a new position in shares of ANSYS in the fourth quarter worth about $42,000. SBI Securities Co. Ltd. acquired a new position in ANSYS during the fourth quarter worth about $47,000. Finally, Allworth Financial LP boosted its position in ANSYS by 33.7% during the fourth quarter. Allworth Financial LP now owns 258 shares of the software maker's stock worth $92,000 after acquiring an additional 65 shares during the last quarter. Hedge funds and other institutional investors own 92.39% of the company's stock.

ANSYS Trading Up 2.0 %

ANSS stock traded up $5.79 during midday trading on Monday, hitting $302.10. 557,527 shares of the company's stock were exchanged, compared to its average volume of 472,505. ANSYS, Inc. has a 1-year low of $275.06 and a 1-year high of $363.03. The business has a 50-day simple moving average of $323.28 and a two-hundred day simple moving average of $332.84. The stock has a market capitalization of $26.48 billion, a PE ratio of 46.12, a P/E/G ratio of 3.48 and a beta of 1.20. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 0.12.

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ANSYS (NASDAQ:ANSS - Get Free Report) last posted its earnings results on Wednesday, February 19th. The software maker reported $3.65 earnings per share for the quarter, missing the consensus estimate of $3.97 by ($0.32). ANSYS had a net margin of 22.62% and a return on equity of 12.69%. The company had revenue of $882.17 million during the quarter, compared to analyst estimates of $864.46 million. On average, sell-side analysts predict that ANSYS, Inc. will post 8.32 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

About ANSYS

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.