PNC Financial Services Group Inc. increased its stake in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 16.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,885 shares of the software maker's stock after acquiring an additional 8,224 shares during the quarter. PNC Financial Services Group Inc. owned about 0.07% of ANSYS worth $19,189,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of the business. State Street Corp raised its position in ANSYS by 3.0% during the third quarter. State Street Corp now owns 3,703,249 shares of the software maker's stock worth $1,179,966,000 after acquiring an additional 106,187 shares during the last quarter. Geode Capital Management LLC grew its holdings in ANSYS by 1.7% in the third quarter. Geode Capital Management LLC now owns 2,305,554 shares of the software maker's stock valued at $732,672,000 after purchasing an additional 37,577 shares during the period. Impax Asset Management Group plc grew its holdings in ANSYS by 8.0% in the third quarter. Impax Asset Management Group plc now owns 603,394 shares of the software maker's stock valued at $192,259,000 after purchasing an additional 44,605 shares during the period. Principal Financial Group Inc. grew its stake in ANSYS by 1.3% during the fourth quarter. Principal Financial Group Inc. now owns 570,525 shares of the software maker's stock worth $192,456,000 after buying an additional 7,098 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in ANSYS by 4.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 553,193 shares of the software maker's stock worth $186,609,000 after buying an additional 21,051 shares during the period. 92.39% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at ANSYS
In related news, Director Glenda Dorchak sold 200 shares of the firm's stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $336.62, for a total transaction of $67,324.00. Following the transaction, the director now directly owns 3,430 shares of the company's stock, valued at $1,154,606.60. This trade represents a 5.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.46% of the stock is currently owned by company insiders.
ANSYS Stock Performance
ANSS stock traded up $1.65 during midday trading on Tuesday, hitting $320.36. The stock had a trading volume of 471,029 shares, compared to its average volume of 428,286. The firm has a market capitalization of $28.08 billion, a price-to-earnings ratio of 48.91, a P/E/G ratio of 3.48 and a beta of 1.11. ANSYS, Inc. has a 52 week low of $289.82 and a 52 week high of $363.03. The stock has a 50-day simple moving average of $340.10 and a 200 day simple moving average of $333.72. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 0.12.
ANSYS (NASDAQ:ANSS - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The software maker reported $3.65 EPS for the quarter, missing analysts' consensus estimates of $3.97 by ($0.32). ANSYS had a return on equity of 12.69% and a net margin of 22.62%. The firm had revenue of $882.17 million during the quarter, compared to analyst estimates of $864.46 million. As a group, equities research analysts anticipate that ANSYS, Inc. will post 8.32 earnings per share for the current year.
Analyst Ratings Changes
Several research firms recently issued reports on ANSS. Rosenblatt Securities upped their price target on shares of ANSYS from $335.00 to $340.00 and gave the company a "neutral" rating in a report on Friday, February 21st. StockNews.com raised shares of ANSYS from a "hold" rating to a "buy" rating in a report on Friday, February 21st.
Get Our Latest Research Report on ANSYS
ANSYS Company Profile
(
Free Report)
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.
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