ANSYS, Inc. (NASDAQ:ANSS) Shares Purchased by Lbp Am Sa

Lbp Am Sa boosted its position in ANSYS, Inc. (NASDAQ:ANSS) by 22.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,561 shares of the software maker’s stock after acquiring an additional 3,635 shares during the quarter. Lbp Am Sa’s holdings in ANSYS were worth $6,599,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ameliora Wealth Management Ltd. acquired a new position in ANSYS in the fourth quarter valued at $27,000. Assetmark Inc. boosted its holdings in ANSYS by 468.2% in the fourth 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 position in ANSYS in the fourth quarter valued at $47,000. Allworth Financial LP lifted its stake in shares of ANSYS by 33.7% during the fourth 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. Finally, Brooklyn Investment Group acquired a new position in shares of ANSYS during the third quarter worth about $119,000. Institutional investors and hedge funds own 92.39% of the company’s stock.

ANSYS Trading Up 1.6 %

Shares of ANSS opened at $322.68 on Friday. The stock’s 50-day moving average is $338.68 and its two-hundred day moving average is $333.49. The stock has a market cap of $28.28 billion, a PE ratio of 49.26, a P/E/G 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 debt-to-equity ratio of 0.12, a current ratio of 3.01 and a quick ratio of 3.01.

ANSYS (NASDAQ:ANSS) last released its quarterly earnings results on Wednesday, February 19th. The software maker reported $3.65 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 business had revenue of $882.17 million during the quarter, compared to analyst estimates of $864.46 million. Equities analysts forecast that ANSYS, Inc. will post 8.32 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Glenda Dorchak sold 200 shares of the business’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $336.62, for a total value of $67,324.00. Following the transaction, the director now owns 3,430 shares in the company, valued at approximately $1,154,606.60. The trade was a 5.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.46% of the company’s stock.

Wall Street Analysts Forecast Growth

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