Pictet Asset Management Holding SA Has $279.97 Million Stake in ANSYS, Inc. (NASDAQ:ANSS)

Pictet Asset Management Holding SA decreased its position in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 49.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 829,950 shares of the software maker's stock after selling 813,161 shares during the quarter. Pictet Asset Management Holding SA owned about 0.95% of ANSYS worth $279,967,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Norges Bank acquired a new position in ANSYS during the 4th quarter valued at about $615,566,000. Blair William & Co. IL boosted its position in shares of ANSYS by 14.2% during the fourth quarter. Blair William & Co. IL now owns 2,853 shares of the software maker's stock worth $962,000 after buying an additional 355 shares during the period. NEOS Investment Management LLC grew its holdings in ANSYS by 21.3% in the 4th quarter. NEOS Investment Management LLC now owns 10,451 shares of the software maker's stock worth $3,525,000 after buying an additional 1,833 shares in the last quarter. UniSuper Management Pty Ltd increased its position in ANSYS by 7.7% in the 4th quarter. UniSuper Management Pty Ltd now owns 19,608 shares of the software maker's stock valued at $6,614,000 after acquiring an additional 1,402 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its position in ANSYS by 7.5% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 150,577 shares of the software maker's stock valued at $50,952,000 after acquiring an additional 10,524 shares during the period. Institutional investors own 92.39% of the company's stock.

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Wall Street Analyst Weigh In

A number of brokerages have recently commented on ANSS. Rosenblatt Securities raised their price target on ANSYS from $335.00 to $340.00 and gave the company a "neutral" rating in a report on Friday, February 21st. StockNews.com cut shares of ANSYS from a "buy" rating to a "hold" rating in a research note on Friday, March 21st.

Insider Activity

In other news, Director Glenda Dorchak sold 200 shares of the business's stock in a transaction 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 sale, the director now directly owns 3,430 shares of the company's stock, valued at $1,154,606.60. The trade was a 5.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.46% of the company's stock.

ANSYS Price Performance

NASDAQ ANSS traded up $0.99 on Tuesday, reaching $317.55. The company's stock had a trading volume of 114,315 shares, compared to its average volume of 453,560. The firm's 50 day moving average is $334.45 and its two-hundred day moving average is $334.44. The stock has a market cap of $27.83 billion, a PE ratio of 48.48, a PEG ratio of 3.48 and a beta of 1.11. 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, Inc. has a twelve month low of $289.82 and a twelve month high of $363.03.

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