Raymond James Financial Inc. Makes New $10.41 Million Investment in ANSYS, Inc. (NASDAQ:ANSS)

Raymond James Financial Inc. purchased a new position in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 30,854 shares of the software maker's stock, valued at approximately $10,408,000.

Other hedge funds also recently modified their holdings of the company. State Street Corp lifted its stake in shares of ANSYS by 3.0% during the third quarter. State Street Corp now owns 3,703,249 shares of the software maker's stock valued at $1,179,966,000 after buying an additional 106,187 shares during the period. Geode Capital Management LLC lifted its stake in shares of ANSYS by 1.7% during 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 during the period. Principal Financial Group Inc. lifted its stake in shares of ANSYS by 1.3% during 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 during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of 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 purchasing an additional 21,051 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its position in shares of ANSYS by 1.3% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 525,565 shares of the software maker's stock valued at $177,289,000 after purchasing an additional 6,786 shares during the period. 92.39% of the stock is owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

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

Insider Activity

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the company'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 value of $67,324.00. Following the completion of the transaction, the director now owns 3,430 shares in the company, valued at $1,154,606.60. This represents a 5.51 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.46% of the company's stock.

ANSYS Trading Up 0.5 %

ANSS traded up $1.53 on Monday, reaching $325.73. 406,027 shares of the company's stock were exchanged, compared to its average volume of 427,700. 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. The company's 50 day moving average is $337.11 and its 200-day moving average is $334.01. The company has a market cap of $28.55 billion, a price-to-earnings ratio of 49.73, a PEG ratio of 3.48 and a beta of 1.11.

ANSYS (NASDAQ:ANSS - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The software maker reported $3.65 earnings per share 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 business had revenue of $882.17 million for the quarter, compared to analysts' expectations of $864.46 million. Equities analysts predict that ANSYS, Inc. will post 8.32 earnings per share for the current year.

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.