Sei Investments Co. Raises Stock Position in ANSYS, Inc. (NASDAQ:ANSS)

Sei Investments Co. increased its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 4.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 473,848 shares of the software maker's stock after purchasing an additional 18,151 shares during the quarter. Sei Investments Co. owned approximately 0.54% of ANSYS worth $159,842,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ANSS. OneDigital Investment Advisors LLC boosted its holdings in shares of ANSYS by 3.0% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 1,285 shares of the software maker's stock valued at $409,000 after buying an additional 37 shares in the last quarter. Empowered Funds LLC boosted its stake in ANSYS by 23.3% in the third quarter. Empowered Funds LLC now owns 1,467 shares of the software maker's stock valued at $467,000 after acquiring an additional 277 shares in the last quarter. MAI Capital Management purchased a new position in shares of ANSYS during the third quarter worth about $476,000. Pathstone Holdings LLC increased its position in shares of ANSYS by 0.5% during the third quarter. Pathstone Holdings LLC now owns 14,677 shares of the software maker's stock worth $4,677,000 after purchasing an additional 79 shares in the last quarter. Finally, Banque Cantonale Vaudoise lifted its holdings in shares of ANSYS by 72.1% in the 3rd quarter. Banque Cantonale Vaudoise now owns 2,913 shares of the software maker's stock valued at $928,000 after purchasing an additional 1,220 shares during the last quarter. 92.39% of the stock is owned by institutional investors and hedge funds.

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ANSYS Stock Performance

ANSS traded up $1.53 on Monday, hitting $325.73. 405,983 shares of the company traded hands, compared to its average volume of 516,447. ANSYS, Inc. has a 12-month low of $289.82 and a 12-month high of $363.03. The company has a 50 day moving average of $337.11 and a 200-day moving average of $334.01. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $28.55 billion, a PE ratio of 49.73, a PEG ratio of 3.48 and a beta of 1.11.

ANSYS (NASDAQ:ANSS - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The software maker reported $3.65 earnings per share for the quarter, missing the consensus estimate of $3.97 by ($0.32). The company had revenue of $882.17 million for the quarter, compared to analyst estimates of $864.46 million. ANSYS had a return on equity of 12.69% and a net margin of 22.62%. Sell-side analysts anticipate that ANSYS, Inc. will post 8.32 earnings per share for the current year.

Insider Activity

In related news, Director Glenda Dorchak sold 200 shares of the company'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 transaction, the director now owns 3,430 shares of the company's stock, valued at $1,154,606.60. This represents a 5.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.46% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. StockNews.com downgraded ANSYS from a "buy" rating to a "hold" rating in a research note on Friday. Rosenblatt Securities raised their target price on shares of ANSYS from $335.00 to $340.00 and gave the stock a "neutral" rating in a research report on Friday, February 21st.

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.