OFI Invest Asset Management Makes New Investment in ANSYS, Inc. (NASDAQ:ANSS)

OFI Invest Asset Management purchased a new position in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 3,905 shares of the software maker's stock, valued at approximately $1,272,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Ameliora Wealth Management Ltd. bought a new position in ANSYS during the fourth quarter valued at about $27,000. Assetmark Inc. grew its position in shares of ANSYS by 468.2% during the 4th quarter. Assetmark Inc. now owns 125 shares of the software maker's stock valued at $42,000 after acquiring an additional 103 shares during the period. SBI Securities Co. Ltd. purchased a new stake in shares of ANSYS during the 4th quarter worth approximately $47,000. Allworth Financial LP lifted its stake in ANSYS by 33.7% in the fourth quarter. Allworth Financial LP now owns 258 shares of the software maker's stock valued at $92,000 after purchasing an additional 65 shares during the last quarter. Finally, Brooklyn Investment Group bought a new position in ANSYS during the third quarter valued at $119,000. Hedge funds and other institutional investors own 92.39% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Rosenblatt Securities boosted their target price 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 upgraded ANSYS from a "hold" rating to a "buy" rating in a research note on Friday, February 21st.

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ANSYS Stock Performance

ANSS stock traded up $0.07 during midday trading on Thursday, reaching $317.56. 511,392 shares of the company's stock traded hands, compared to its average volume of 429,837. The firm has a market capitalization of $27.83 billion, a PE ratio of 48.48, a price-to-earnings-growth ratio of 3.48 and a beta of 1.11. The company has a 50-day moving average price of $339.36 and a two-hundred day moving average price of $333.58. ANSYS, Inc. has a 52 week low of $289.82 and a 52 week high of $363.03. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.01 and a current ratio of 3.01.

ANSYS (NASDAQ:ANSS - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The software maker reported $3.65 earnings per share (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 company had revenue of $882.17 million for the quarter, compared to the consensus estimate of $864.46 million. As a group, equities analysts anticipate that ANSYS, Inc. will post 8.32 EPS for the current year.

Insider Transactions at ANSYS

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

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.