Union Bancaire Privee UBP SA Invests $4.27 Million in ANSYS, Inc. (NASDAQ:ANSS)

Union Bancaire Privee UBP SA acquired a new stake in ANSYS, Inc. (NASDAQ:ANSS) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 13,244 shares of the software maker’s stock, valued at approximately $4,270,000.

Several other large investors have also recently added to or reduced their stakes in the company. Ameliora Wealth Management Ltd. bought a new stake in shares of ANSYS in the fourth quarter valued at approximately $27,000. Intact Investment Management Inc. bought a new stake in shares of ANSYS during the 3rd quarter valued at $70,000. Allworth Financial LP grew its holdings in shares of ANSYS by 33.7% during the 4th quarter. Allworth Financial LP now owns 258 shares of the software maker’s stock worth $92,000 after purchasing an additional 65 shares in the last quarter. Brooklyn Investment Group bought a new position in shares of ANSYS in the third quarter worth $119,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in ANSYS in the third quarter valued at about $174,000. Institutional investors own 92.39% of the company’s stock.

Analysts Set New Price Targets

ANSS has been the topic of a number of analyst reports. StockNews.com upgraded shares of ANSYS from a “hold” rating to a “buy” rating in a research note on Friday. Rosenblatt Securities increased their price target on shares of ANSYS from $335.00 to $340.00 and gave the stock a “neutral” rating in a research report on Friday. Finally, Robert W. Baird boosted their price objective on shares of ANSYS from $350.00 to $365.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th.

Insiders Place Their Bets

In other news, Director Glenda Dorchak sold 200 shares of the firm’s stock in a transaction on Monday, January 13th. The shares were sold at an average price of $336.62, for a total transaction of $67,324.00. Following the completion of the transaction, the director now owns 3,430 shares of the company’s stock, valued at approximately $1,154,606.60. This trade represents a 5.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.46% of the company’s stock.

ANSYS Stock Down 1.8 %

Shares of NASDAQ ANSS opened at $334.21 on Friday. The company has a market cap of $29.29 billion, a price-to-earnings ratio of 51.02, a PEG ratio of 3.55 and a beta of 1.12. The company has a current ratio of 3.01, a quick ratio of 3.11 and a debt-to-equity ratio of 0.12. ANSYS, Inc. has a 12 month low of $289.82 and a 12 month high of $363.03. The stock has a 50-day moving average price of $342.69 and a two-hundred day moving average price of $332.94.

ANSYS (NASDAQ:ANSS) last issued its quarterly earnings data on Wednesday, February 19th. The software maker reported $3.65 EPS for the quarter, missing the consensus estimate of $3.97 by ($0.32). The company had revenue of $882.17 million during the quarter, compared to the consensus estimate of $864.46 million. ANSYS had a net margin of 22.62% and a return on equity of 12.69%. As a group, analysts forecast that ANSYS, Inc. will post 8.32 earnings per share for the current fiscal year.

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.