Water Island Capital LLC grew its stake in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 3.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 117,899 shares of the software maker's stock after buying an additional 3,811 shares during the period. ANSYS accounts for approximately 4.3% of Water Island Capital LLC's holdings, making the stock its 6th biggest holding. Water Island Capital LLC owned approximately 0.13% of ANSYS worth $39,771,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in ANSS. Vanguard Group Inc. raised its stake in shares of ANSYS by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 10,643,766 shares of the software maker's stock valued at $3,590,462,000 after acquiring an additional 78,730 shares during the period. Geode Capital Management LLC raised its holdings in shares of ANSYS by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 2,363,744 shares of the software maker's stock valued at $796,033,000 after buying an additional 58,190 shares during the period. FIL Ltd boosted its holdings in ANSYS by 32.5% in the 4th quarter. FIL Ltd now owns 2,086,177 shares of the software maker's stock worth $703,730,000 after acquiring an additional 511,557 shares during the period. Norges Bank purchased a new stake in shares of ANSYS during the fourth quarter valued at approximately $615,566,000. Finally, Invesco Ltd. grew its holdings in ANSYS by 7.4% during the 4th quarter. Invesco Ltd. now owns 1,097,915 shares of the software maker's stock valued at $370,360,000 after purchasing an additional 75,752 shares in the last quarter. 92.39% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other ANSYS news, Director Glenda Dorchak sold 200 shares of ANSYS stock in a transaction on Monday, April 14th. The stock was sold at an average price of $300.01, for a total transaction of $60,002.00. Following the sale, the director now 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.46% of the stock is owned by insiders.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on ANSS. Rosenblatt Securities lifted their target price on ANSYS from $335.00 to $340.00 and gave the stock a "neutral" rating in a research report on Friday, February 21st. StockNews.com lowered shares of ANSYS from a "buy" rating to a "hold" rating in a research note on Friday, March 21st.
Read Our Latest Report on ANSS
ANSYS Stock Performance
Shares of NASDAQ:ANSS traded up $3.69 on Thursday, reaching $305.28. 538,619 shares of the company's stock were exchanged, compared to its average volume of 475,669. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.12. ANSYS, Inc. has a fifty-two week low of $275.06 and a fifty-two week high of $363.03. The business's 50-day moving average is $320.67 and its two-hundred day moving average is $332.27. The firm has a market capitalization of $26.76 billion, a price-to-earnings ratio of 46.62, a PEG ratio of 3.48 and a beta of 1.20.
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 (EPS) for the quarter, missing the consensus estimate of $3.97 by ($0.32). ANSYS had a return on equity of 12.69% and a net margin of 22.62%. The company had revenue of $882.17 million during the quarter, compared to the consensus estimate of $864.46 million. As a group, equities research analysts forecast that ANSYS, Inc. will post 8.32 EPS for the current year.
ANSYS Profile
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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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