ANSYS, Inc. (NASDAQ:ANSS) Stock Position Boosted by UBS Group AG

UBS Group AG boosted its stake in ANSYS, Inc. (NASDAQ:ANSS – Get Rating) by 130.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 88,406 shares of the software maker’s stock after buying an additional 50,076 shares during the period. UBS Group AG owned 0.10% of ANSYS worth $21,358,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Accurate Wealth Management LLC bought a new position in ANSYS in the 4th quarter valued at about $25,000. Whittier Trust Co. of Nevada Inc. grew its position in ANSYS by 78.3% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 107 shares of the software maker’s stock valued at $26,000 after buying an additional 47 shares in the last quarter. CI Investments Inc. grew its position in ANSYS by 927.3% in the 3rd quarter. CI Investments Inc. now owns 113 shares of the software maker’s stock valued at $25,000 after buying an additional 102 shares in the last quarter. CVA Family Office LLC grew its position in ANSYS by 106.1% in the 3rd quarter. CVA Family Office LLC now owns 136 shares of the software maker’s stock valued at $30,000 after buying an additional 70 shares in the last quarter. Finally, Covestor Ltd boosted its position in shares of ANSYS by 327.8% during the 1st quarter. Covestor Ltd now owns 154 shares of the software maker’s stock valued at $49,000 after purchasing an additional 118 shares in the last quarter. Institutional investors own 89.82% of the company’s stock.

Insider Transactions at ANSYS

In other news, Director Glenda Dorchak sold 500 shares of the firm’s stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $294.61, for a total value of $147,305.00. Following the sale, the director now owns 3,541 shares in the company, valued at $1,043,214.01. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other ANSYS news, Director Barbara Vaughn Scherer sold 1,675 shares of ANSYS stock in a transaction on Monday, May 15th. The shares were sold at an average price of $299.17, for a total transaction of $501,109.75. Following the sale, the director now owns 11,707 shares in the company, valued at $3,502,383.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Glenda Dorchak sold 500 shares of ANSYS stock in a transaction on Tuesday, May 9th. The stock was sold at an average price of $294.61, for a total transaction of $147,305.00. Following the sale, the director now owns 3,541 shares in the company, valued at approximately $1,043,214.01. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 18,437 shares of company stock worth $5,165,597. Insiders own 0.53% of the company’s stock.

ANSYS Trading Up 1.7 %

Shares of ANSS stock opened at $306.90 on Friday. The business’s 50 day moving average is $313.07 and its two-hundred day moving average is $275.83. The company has a market cap of $26.61 billion, a PE ratio of 48.48, a price-to-earnings-growth ratio of 5.88 and a beta of 1.25. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 0.16. ANSYS, Inc. has a 12 month low of $194.23 and a 12 month high of $333.89.

ANSYS (NASDAQ:ANSS – Get Rating) last announced its quarterly earnings data on Thursday, February 23rd. The software maker reported $3.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.80 by $0.29. The business had revenue of $694.70 million for the quarter, compared to the consensus estimate of $649.47 million. ANSYS had a net margin of 25.74% and a return on equity of 12.73%. ANSYS’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter last year, the company posted $2.41 earnings per share. Equities analysts predict that ANSYS, Inc. will post 6.67 EPS for the current year.

Analyst Upgrades and Downgrades

ANSS has been the subject of several research reports. Barclays raised their price objective on shares of ANSYS from $266.00 to $292.00 and gave the company an “underweight” rating in a research report on Thursday, April 13th. TheStreet upgraded shares of ANSYS from a “c+” rating to a “b” rating in a research report on Wednesday, February 22nd. StockNews.com initiated coverage on shares of ANSYS in a research report on Thursday. They set a “hold” rating for the company. Royal Bank of Canada raised their price objective on shares of ANSYS from $248.00 to $292.00 in a research report on Friday, February 24th. Finally, Oppenheimer raised their price objective on shares of ANSYS from $275.00 to $330.00 in a research report on Thursday, February 23rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $311.92.

ANSYS Profile

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ANSYS, Inc engages in the development and marketing of engineering simulation software and services. The firm’s solutions include automotive, aerospace and defense, construction, energy, materials and chemical processing, autonomous engineering, and electrification. The company was founded by John A.