Frank Rimerman Advisors LLC Has $564,000 Stock Position in ANSYS, Inc. (NASDAQ:ANSS)

Frank Rimerman Advisors LLC raised its position in ANSYS, Inc. (NASDAQ:ANSS) by 4.6% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 1,672 shares of the software maker’s stock after acquiring an additional 74 shares during the period. Frank Rimerman Advisors LLC’s holdings in ANSYS were worth $564,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in ANSS. Proficio Capital Partners LLC acquired a new stake in ANSYS in the fourth quarter valued at approximately $119,140,000. D1 Capital Partners L.P. bought a new position in shares of ANSYS in the third quarter valued at approximately $73,345,000. State Street Corp lifted its holdings in shares of ANSYS by 3.0% in the third quarter. State Street Corp now owns 3,703,249 shares of the software maker’s stock valued at $1,179,966,000 after purchasing an additional 106,187 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of ANSYS by 34.9% in the third quarter. JPMorgan Chase & Co. now owns 386,708 shares of the software maker’s stock valued at $123,217,000 after purchasing an additional 100,042 shares in the last quarter. Finally, CCLA Investment Management lifted its holdings in shares of ANSYS by 11.9% in the fourth quarter. CCLA Investment Management now owns 445,891 shares of the software maker’s stock valued at $150,381,000 after purchasing an additional 47,331 shares in the last quarter. Institutional investors and hedge funds own 92.39% of the company’s stock.

Wall Street Analysts Forecast Growth

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

ANSYS Stock Performance

Shares of ANSYS stock opened at $322.68 on Monday. The business’s fifty day simple moving average is $338.68 and its 200 day simple moving average is $333.73. The firm has a market capitalization of $28.28 billion, a P/E ratio of 49.26, a price-to-earnings-growth 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 current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 0.12.

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

Insider Buying and Selling

In related news, Director Glenda Dorchak sold 200 shares of ANSYS stock in a transaction on Monday, January 13th. The stock was sold at an average price of $336.62, for a total transaction of $67,324.00. Following the sale, the director now directly owns 3,430 shares in the company, valued at approximately $1,154,606.60. This trade represents a 5.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.46% of the stock is currently owned by corporate insiders.

ANSYS Company 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.