OFI Invest Asset Management Makes New Investment in ANSYS, Inc. (NASDAQ:ANSS)

OFI Invest Asset Management bought a new position in ANSYS, Inc. (NASDAQ:ANSS) in the fourth quarter, Holdings Channel.com reports. The fund bought 3,905 shares of the software maker’s stock, valued at approximately $1,272,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Ameliora Wealth Management Ltd. acquired a new stake in ANSYS in the fourth quarter worth approximately $27,000. Assetmark Inc. lifted its position in shares of ANSYS by 468.2% during the 4th quarter. Assetmark Inc. now owns 125 shares of the software maker’s stock valued at $42,000 after acquiring an additional 103 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of ANSYS during the 4th quarter valued at $47,000. Allworth Financial LP lifted its position in shares of ANSYS by 33.7% during the 4th quarter. Allworth Financial LP now owns 258 shares of the software maker’s stock valued at $92,000 after acquiring an additional 65 shares during the last quarter. Finally, Brooklyn Investment Group acquired a new stake in shares of ANSYS during the 3rd quarter valued at $119,000. 92.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Glenda Dorchak sold 200 shares of the stock in a transaction 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 sale, the director now owns 3,430 shares in the company, valued at $1,154,606.60. This represents a 5.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.46% of the company’s stock.

ANSYS Price Performance

ANSS opened at $325.61 on Monday. The stock has a fifty day moving average of $340.49 and a 200-day moving average of $333.76. The firm has a market capitalization of $28.54 billion, a P/E ratio of 49.71, a PEG ratio of 3.48 and a beta of 1.11. ANSYS, Inc. has a 12-month low of $289.82 and a 12-month high of $363.03. 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 (NASDAQ:ANSS) last released its earnings results on Wednesday, February 19th. The software maker reported $3.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.97 by ($0.32). The business had revenue of $882.17 million during the quarter, compared to analysts’ expectations of $864.46 million. ANSYS had a net margin of 22.62% and a return on equity of 12.69%. Equities analysts forecast that ANSYS, Inc. will post 8.32 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on ANSS shares. Rosenblatt Securities increased their price objective on ANSYS from $335.00 to $340.00 and gave the company a “neutral” rating in a research report on Friday, February 21st. StockNews.com upgraded ANSYS from a “hold” rating to a “buy” rating in a research 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.