ANSYS, Inc. (NASDAQ:ANSS) Holdings Raised by Alberta Investment Management Corp

Alberta Investment Management Corp increased its stake in ANSYS, Inc. (NASDAQ:ANSSFree Report) by 15.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,200 shares of the software maker’s stock after purchasing an additional 300 shares during the quarter. Alberta Investment Management Corp’s holdings in ANSYS were worth $798,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. CVA Family Office LLC purchased a new stake in shares of ANSYS in the 4th quarter valued at approximately $28,000. Raleigh Capital Management Inc. lifted its holdings in shares of ANSYS by 135.7% in the third quarter. Raleigh Capital Management Inc. now owns 99 shares of the software maker’s stock valued at $29,000 after purchasing an additional 57 shares in the last quarter. Quest Partners LLC acquired a new stake in shares of ANSYS in the fourth quarter worth $29,000. DSM Capital Partners LLC purchased a new position in shares of ANSYS during the fourth quarter valued at $34,000. Finally, Turtle Creek Wealth Advisors LLC purchased a new stake in ANSYS in the 4th quarter worth about $47,000. Institutional investors and hedge funds own 92.39% of the company’s stock.

Analyst Ratings Changes

ANSS has been the topic of a number of research reports. StockNews.com assumed coverage on ANSYS in a report on Sunday. They issued a “hold” rating on the stock. Rosenblatt Securities reiterated a “neutral” rating and issued a $345.00 target price on shares of ANSYS in a research report on Friday, May 3rd. Finally, 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. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $320.00.

Check Out Our Latest Stock Analysis on ANSYS

ANSYS Price Performance

NASDAQ ANSS opened at $314.75 on Tuesday. ANSYS, Inc. has a fifty-two week low of $258.01 and a fifty-two week high of $364.31. The stock’s 50-day moving average is $330.76 and its two-hundred day moving average is $328.94. The firm has a market cap of $27.48 billion, a P/E ratio of 63.20, a price-to-earnings-growth ratio of 6.96 and a beta of 1.14. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.80 and a quick ratio of 2.80.

ANSYS (NASDAQ:ANSSGet Free Report) last issued its quarterly earnings data on Wednesday, May 1st. The software maker reported $1.39 earnings per share for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.54). ANSYS had a net margin of 19.51% and a return on equity of 10.45%. The company had revenue of $466.60 million during the quarter, compared to the consensus estimate of $549.85 million. During the same period in the previous year, the business posted $1.45 earnings per share. The firm’s revenue was down 8.4% on a year-over-year basis. On average, analysts anticipate that ANSYS, Inc. will post 7.16 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Glenda Dorchak sold 150 shares of the firm’s stock in a transaction 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 transaction, the director now directly owns 3,049 shares in the company, valued at approximately $1,043,001.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.46% of the company’s stock.

ANSYS Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for ANSYS (NASDAQ:ANSS)

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