Xponance Inc. Grows Stock Position in ANSYS, Inc. (NASDAQ:ANSS)

Xponance Inc. boosted its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) by 0.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,954 shares of the software maker’s stock after purchasing an additional 87 shares during the quarter. Xponance Inc.’s holdings in ANSYS were worth $4,032,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Intech Investment Management LLC raised its holdings in ANSYS by 14.6% in the fourth quarter. Intech Investment Management LLC now owns 991 shares of the software maker’s stock valued at $334,000 after acquiring an additional 126 shares in the last quarter. Generali Asset Management SPA SGR purchased a new stake in shares of ANSYS in the 4th quarter valued at approximately $1,719,000. Signaturefd LLC increased its position in shares of ANSYS by 7.3% in the 4th quarter. Signaturefd LLC now owns 1,431 shares of the software maker’s stock valued at $483,000 after purchasing an additional 97 shares during the last quarter. Parallel Advisors LLC lifted its position in shares of ANSYS by 17.8% during the 4th quarter. Parallel Advisors LLC now owns 942 shares of the software maker’s stock worth $318,000 after purchasing an additional 142 shares during the last quarter. Finally, Cibc World Markets Corp grew its stake in shares of ANSYS by 13.7% during the fourth quarter. Cibc World Markets Corp now owns 15,708 shares of the software maker’s stock worth $5,299,000 after purchasing an additional 1,892 shares in the last quarter. Hedge funds and other institutional investors own 92.39% of the company’s stock.

Insider Transactions at ANSYS

In related news, Director Glenda Dorchak sold 200 shares of the stock in a transaction 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 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.46% of the company’s stock.

Wall Street Analysts Forecast Growth

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

ANSYS Price Performance

Shares of ANSS opened at $324.63 on Friday. 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, Inc. has a 1-year low of $289.82 and a 1-year high of $363.03. The stock has a market cap of $28.45 billion, a PE ratio of 49.56, a price-to-earnings-growth ratio of 3.48 and a beta of 1.11. The firm has a fifty day moving average price of $337.38 and a 200 day moving average price of $333.64.

ANSYS (NASDAQ:ANSS) last posted its earnings results on Wednesday, February 19th. The software maker reported $3.65 earnings per share for the quarter, missing the consensus estimate of $3.97 by ($0.32). The firm 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%. As a group, sell-side analysts anticipate that ANSYS, Inc. will post 8.32 EPS for the current year.

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.