Allianz SE Invests $1.56 Million in ANSYS, Inc. (NASDAQ:ANSS)

Allianz SE acquired a new stake in ANSYS, Inc. (NASDAQ:ANSS) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,605 shares of the software maker’s stock, valued at approximately $1,556,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. Stock Yards Bank & Trust Co. lifted its position in shares of ANSYS by 1.3% in the 4th quarter. Stock Yards Bank & Trust Co. now owns 2,275 shares of the software maker’s stock worth $767,000 after purchasing an additional 30 shares during the period. Greenleaf Trust lifted its holdings in ANSYS by 0.9% during the fourth quarter. Greenleaf Trust now owns 3,651 shares of the software maker’s stock worth $1,232,000 after buying an additional 32 shares during the period. Koshinski Asset Management Inc. boosted its position in ANSYS by 0.8% during the 4th quarter. Koshinski Asset Management Inc. now owns 4,367 shares of the software maker’s stock valued at $1,473,000 after acquiring an additional 34 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. increased its holdings in shares of ANSYS by 2.8% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,298 shares of the software maker’s stock valued at $438,000 after acquiring an additional 35 shares during the period. Finally, BTC Capital Management Inc. raised its position in shares of ANSYS by 2.5% in the 4th quarter. BTC Capital Management Inc. now owns 1,499 shares of the software maker’s stock worth $506,000 after acquiring an additional 36 shares in the last quarter. 92.39% of the stock is owned by hedge funds and other institutional investors.

ANSYS Trading Down 1.6 %

NASDAQ:ANSS opened at $316.89 on Friday. The company has a market capitalization of $27.78 billion, a P/E ratio of 48.38, a PEG ratio of 3.48 and a beta of 1.11. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 0.12. The firm has a fifty day simple moving average of $335.12 and a 200-day simple moving average of $334.34. ANSYS, Inc. has a 12 month low of $289.82 and a 12 month high of $363.03.

ANSYS (NASDAQ:ANSS) last posted its quarterly 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 for the quarter, compared to analysts’ expectations of $864.46 million. ANSYS had a return on equity of 12.69% and a net margin of 22.62%. On average, equities research analysts anticipate that ANSYS, Inc. will post 8.32 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Glenda Dorchak sold 200 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $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 available at this hyperlink. 0.46% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on ANSS shares. Rosenblatt Securities raised 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 downgraded shares of ANSYS from a “buy” rating to a “hold” rating in a research report on Friday, March 21st.

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.