Victory Capital Management Inc. Boosts Position in ANSYS, Inc. (NASDAQ:ANSS)

Victory Capital Management Inc. boosted its position in ANSYS, Inc. (NASDAQ:ANSS) by 3.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 75,641 shares of the software maker’s stock after purchasing an additional 2,478 shares during the period. Victory Capital Management Inc. owned about 0.09% of ANSYS worth $27,449,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. CVA Family Office LLC purchased a new position in shares of ANSYS in the fourth quarter worth approximately $28,000. Raleigh Capital Management Inc. boosted its stake in shares of ANSYS by 135.7% during the 3rd quarter. Raleigh Capital Management Inc. now owns 99 shares of the software maker’s stock worth $29,000 after acquiring an additional 57 shares during the last quarter. Turtle Creek Wealth Advisors LLC bought a new stake in shares of ANSYS during the 4th quarter valued at $47,000. KB Financial Partners LLC increased its stake in shares of ANSYS by 69.5% in the 3rd quarter. KB Financial Partners LLC now owns 178 shares of the software maker’s stock worth $53,000 after purchasing an additional 73 shares in the last quarter. Finally, Lindbrook Capital LLC raised its holdings in ANSYS by 18.1% in the 3rd quarter. Lindbrook Capital LLC now owns 241 shares of the software maker’s stock worth $72,000 after purchasing an additional 37 shares during the period. 92.39% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ANSS has been the subject of several recent research reports. Wolfe Research reissued a “peer perform” rating on shares of ANSYS in a report on Wednesday, January 17th. Rosenblatt Securities reissued a “neutral” rating and issued a $345.00 target price on shares of ANSYS in a report on Friday, May 3rd. StockNews.com began coverage on shares of ANSYS in a report on Wednesday, May 1st. They set a “hold” rating on the stock. Mizuho dropped their price target on shares of ANSYS from $350.00 to $330.00 and set a “neutral” rating for the company in a research report on Wednesday, January 17th. Finally, Barclays raised their price objective on shares of ANSYS from $314.00 to $340.00 and gave the company an “underweight” rating in a research report on Thursday, February 22nd. Two analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $320.00.

Insiders Place Their Bets

In other news, Director Glenda Dorchak sold 150 shares of the stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $342.08, for a total value of $51,312.00. Following the sale, the director now directly owns 3,049 shares in the company, valued at $1,043,001.92. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.46% of the stock is owned by insiders.

ANSYS Price Performance

NASDAQ:ANSS opened at $325.04 on Wednesday. The firm has a market capitalization of $28.38 billion, a price-to-earnings ratio of 65.27, a PEG ratio of 5.01 and a beta of 1.16. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.80 and a quick ratio of 2.80. The business has a 50 day simple moving average of $335.06 and a 200-day simple moving average of $323.12. ANSYS, Inc. has a 1 year low of $258.01 and a 1 year high of $364.31.

ANSYS (NASDAQ:ANSS) last issued its quarterly earnings results on Wednesday, May 1st. The software maker reported $1.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.54). ANSYS had a return on equity of 10.45% and a net margin of 19.51%. The company had revenue of $466.60 million during the quarter, compared to the consensus estimate of $549.85 million. During the same quarter in the prior year, the business earned $1.45 earnings per share. The firm’s quarterly revenue was down 8.4% compared to the same quarter last year. Equities analysts forecast that ANSYS, Inc. will post 7.39 EPS for the current year.

ANSYS 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.