E Fund Management Co. Ltd. Increases Stake in ANSYS, Inc. (NASDAQ:ANSS)

E Fund Management Co. Ltd. boosted its position in shares of ANSYS, Inc. (NASDAQ:ANSS) by 33.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 2,815 shares of the software maker’s stock after purchasing an additional 712 shares during the quarter. E Fund Management Co. Ltd.’s holdings in ANSYS were worth $950,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Candriam S.C.A. grew its position in ANSYS by 5.8% during the 4th quarter. Candriam S.C.A. now owns 5,503 shares of the software maker’s stock valued at $1,856,000 after purchasing an additional 304 shares during the last quarter. Pinnacle Wealth Planning Services Inc. purchased a new stake in shares of ANSYS during the 4th quarter valued at about $283,000. Raymond James Financial Inc. purchased a new stake in shares of ANSYS during the 4th quarter valued at about $10,408,000. Arizona State Retirement System boosted its holdings in shares of ANSYS by 1.4% during the 4th quarter. Arizona State Retirement System now owns 25,350 shares of the software maker’s stock valued at $8,551,000 after acquiring an additional 338 shares during the last quarter. Finally, Proficio Capital Partners LLC purchased a new stake in shares of ANSYS during the 4th quarter valued at about $353,000. 92.39% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the firm’s stock in a transaction that occurred 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 sale, the director now owns 3,430 shares in the company, valued at approximately $1,154,606.60. This trade represents a 5.51 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.46% of the stock is owned by company insiders.

Analysts Set New Price Targets

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

ANSYS Stock Performance

ANSS opened at $325.61 on Friday. 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 company has a market cap of $28.54 billion, a price-to-earnings ratio of 49.71, a PEG ratio of 3.48 and a beta of 1.11. The company’s 50 day moving average is $340.49 and its 200 day moving average is $333.69. 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 data 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 return on equity of 12.69% and a net margin of 22.62%. On average, equities research analysts predict that ANSYS, Inc. will post 8.32 EPS for the current year.

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.