ANSYS, Inc. (NASDAQ:ANSS) Position Increased by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC boosted its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) by 1.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,071 shares of the software maker’s stock after purchasing an additional 35 shares during the quarter. Verdence Capital Advisors LLC’s holdings in ANSYS were worth $752,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in ANSS. American Century Companies Inc. raised its position in ANSYS by 12.4% in the first quarter. American Century Companies Inc. now owns 2,254 shares of the software maker’s stock worth $716,000 after acquiring an additional 248 shares in the last quarter. Panagora Asset Management Inc. raised its holdings in shares of ANSYS by 59.0% in the 1st quarter. Panagora Asset Management Inc. now owns 4,430 shares of the software maker’s stock worth $1,407,000 after purchasing an additional 1,643 shares in the last quarter. Cibc World Market Inc. boosted its holdings in ANSYS by 7.3% during the first quarter. Cibc World Market Inc. now owns 2,323 shares of the software maker’s stock worth $738,000 after buying an additional 158 shares in the last quarter. Dimensional Fund Advisors LP grew its position in ANSYS by 3.5% in the first quarter. Dimensional Fund Advisors LP now owns 301,397 shares of the software maker’s stock worth $95,742,000 after buying an additional 10,284 shares during the last quarter. Finally, Allianz Asset Management GmbH lifted its position in shares of ANSYS by 4.5% during the 1st quarter. Allianz Asset Management GmbH now owns 71,045 shares of the software maker’s stock valued at $22,567,000 after acquiring an additional 3,063 shares during the last quarter. 92.39% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other ANSYS news, Director Glenda Dorchak sold 150 shares of ANSYS stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $342.08, for a total value of $51,312.00. Following the completion of the sale, the director now directly owns 3,049 shares in the company, valued at $1,043,001.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.53% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ANSS. Mizuho cut their target price on ANSYS from $350.00 to $330.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 17th. Rosenblatt Securities reaffirmed a “neutral” rating and set a $345.00 price objective on shares of ANSYS in a research note on Tuesday, March 5th. StockNews.com assumed coverage on shares of ANSYS in a research report on Monday, April 15th. They issued a “hold” rating on the stock. Barclays boosted their price target on shares of ANSYS from $314.00 to $340.00 and gave the company an “underweight” rating in a report on Thursday, February 22nd. Finally, Wolfe Research reissued a “peer perform” rating on shares of ANSYS in a research note on Wednesday, January 17th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $323.86.

ANSYS Trading Down 0.7 %

Shares of NASDAQ:ANSS opened at $322.11 on Monday. ANSYS, Inc. has a 12-month low of $258.01 and a 12-month high of $364.31. The company has a quick ratio of 2.30, a current ratio of 2.30 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $28.12 billion, a P/E ratio of 56.21, a price-to-earnings-growth ratio of 5.14 and a beta of 1.16. The firm has a fifty day moving average of $337.12 and a two-hundred day moving average of $320.61.

ANSYS (NASDAQ:ANSS) last issued its earnings results on Wednesday, February 21st. The software maker reported $3.94 EPS for the quarter, beating analysts’ consensus estimates of $3.71 by $0.23. ANSYS had a return on equity of 11.83% and a net margin of 22.05%. The firm had revenue of $805.10 million for the quarter, compared to the consensus estimate of $797.49 million. During the same quarter in the previous year, the company posted $2.61 earnings per share. The business’s quarterly revenue was up 15.9% compared to the same quarter last year. On average, equities analysts expect that ANSYS, Inc. will post 7.26 EPS for the current fiscal 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.