Norges Bank Acquires Shares of 1,824,819 ANSYS, Inc. (NASDAQ:ANSS)

Norges Bank bought a new stake in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 1,824,819 shares of the software maker's stock, valued at approximately $615,566,000. Norges Bank owned 2.09% of ANSYS at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in shares of ANSYS by 0.7% during the fourth 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. State Street Corp increased its holdings in ANSYS by 3.0% in the 3rd quarter. State Street Corp now owns 3,703,249 shares of the software maker's stock valued at $1,179,966,000 after acquiring an additional 106,187 shares during the last quarter. Geode Capital Management LLC lifted its stake in ANSYS by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,305,554 shares of the software maker's stock worth $732,672,000 after purchasing an additional 37,577 shares in the last quarter. Principal Financial Group Inc. lifted its stake in ANSYS by 1.3% in the 4th quarter. Principal Financial Group Inc. now owns 570,525 shares of the software maker's stock worth $192,456,000 after purchasing an additional 7,098 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of 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 purchasing an additional 21,051 shares during the last quarter. 92.39% of the stock is owned by hedge funds and other institutional investors.

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ANSYS Trading Down 0.0 %

Shares of NASDAQ:ANSS traded down $0.15 during trading on Wednesday, reaching $320.64. The company's stock had a trading volume of 125,206 shares, compared to its average volume of 506,399. The stock has a market capitalization of $28.10 billion, a PE ratio of 48.95, a price-to-earnings-growth ratio of 3.48 and a beta of 1.11. ANSYS, Inc. has a 12 month low of $289.82 and a 12 month high of $363.03. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 0.12. The firm's 50 day simple moving average is $333.83 and its two-hundred day simple moving average is $334.45.

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 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 the consensus estimate of $864.46 million. On average, research analysts predict that ANSYS, Inc. will post 8.32 EPS for the current fiscal year.

Insider Transactions at ANSYS

In related news, Director Glenda Dorchak sold 200 shares of the firm's stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $336.62, for a total transaction of $67,324.00. Following the completion of the sale, the director now directly owns 3,430 shares of the company's stock, valued at approximately $1,154,606.60. This trade represents a 5.51 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.46% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ANSS. Rosenblatt Securities boosted 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. StockNews.com cut ANSYS from a "buy" rating to a "hold" rating in a report on Friday, March 21st.

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.