T. Rowe Price Investment Management Inc. Has $19.76 Million Holdings in ANSYS, Inc. (NASDAQ:ANSS)

T. Rowe Price Investment Management Inc. lifted its position in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 144.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 58,563 shares of the software maker's stock after acquiring an additional 34,590 shares during the quarter. T. Rowe Price Investment Management Inc. owned approximately 0.07% of ANSYS worth $19,756,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Price T Rowe Associates Inc. MD increased its stake in shares of ANSYS by 57.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 201,945 shares of the software maker's stock valued at $68,124,000 after buying an additional 73,508 shares during the period. Tower Research Capital LLC TRC lifted its holdings in shares of ANSYS by 2.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 5,582 shares of the software maker's stock worth $1,883,000 after purchasing an additional 142 shares during the period. MML Investors Services LLC grew its stake in shares of ANSYS by 2.3% in the fourth quarter. MML Investors Services LLC now owns 12,228 shares of the software maker's stock worth $4,125,000 after purchasing an additional 278 shares during the last quarter. MetLife Investment Management LLC increased its holdings in ANSYS by 1.9% in the fourth quarter. MetLife Investment Management LLC now owns 23,143 shares of the software maker's stock valued at $7,807,000 after purchasing an additional 422 shares during the period. Finally, Norinchukin Bank The raised its position in ANSYS by 11.1% during the 4th quarter. Norinchukin Bank The now owns 4,955 shares of the software maker's stock worth $1,671,000 after purchasing an additional 494 shares during the last quarter. Institutional investors own 92.39% of the company's stock.

ANSYS Stock Performance

ANSS stock opened at $320.68 on Friday. ANSYS, Inc. has a 1-year low of $275.06 and a 1-year high of $363.03. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 0.12. The stock has a 50-day moving average price of $316.25 and a 200-day moving average price of $331.89. The firm has a market cap of $28.11 billion, a PE ratio of 48.96, a price-to-earnings-growth ratio of 3.48 and a beta of 1.20.

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 (EPS) for the quarter, missing the consensus estimate of $3.97 by ($0.32). The business had revenue of $882.17 million during 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, equities research analysts expect 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 business's stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $300.01, for a total value of $60,002.00. Following the completion of the sale, the director now directly owns 3,230 shares of the company's stock, valued at $969,032.30. The trade was a 5.83 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.46% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on ANSS shares. StockNews.com raised ANSYS from a "hold" rating to a "buy" rating in a research note on Friday, April 18th. Rosenblatt Securities raised their price target on shares of ANSYS from $335.00 to $340.00 and gave the stock a "neutral" rating in a report on Friday, February 21st.

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.

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