ANSYS, Inc. (NASDAQ:ANSS) Shares Purchased by Intech Investment Management LLC

Intech Investment Management LLC raised its position in shares of ANSYS, Inc. (NASDAQ:ANSS – Get Rating) by 2.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,765 shares of the software maker’s stock after acquiring an additional 85 shares during the period. Intech Investment Management LLC’s holdings in ANSYS were worth $910,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. IFP Advisors Inc grew its holdings in shares of ANSYS by 8.3% during the 4th quarter. IFP Advisors Inc now owns 485 shares of the software maker’s stock worth $84,000 after purchasing an additional 37 shares during the period. Park Avenue Securities LLC grew its stake in ANSYS by 0.6% during the fourth quarter. Park Avenue Securities LLC now owns 6,319 shares of the software maker’s stock worth $1,527,000 after buying an additional 39 shares during the period. Veritable L.P. increased its position in shares of ANSYS by 1.9% in the third quarter. Veritable L.P. now owns 2,206 shares of the software maker’s stock worth $489,000 after acquiring an additional 42 shares in the last quarter. Utah Retirement Systems raised its stake in shares of ANSYS by 0.3% in the 3rd quarter. Utah Retirement Systems now owns 15,606 shares of the software maker’s stock valued at $3,459,000 after acquiring an additional 42 shares during the period. Finally, Financial Consulate Inc. lifted its holdings in shares of ANSYS by 2.7% during the 4th quarter. Financial Consulate Inc. now owns 1,611 shares of the software maker’s stock valued at $389,000 after acquiring an additional 42 shares in the last quarter. 89.82% of the stock is currently owned by institutional investors and hedge funds.

ANSYS Trading Down 0.4 %

NASDAQ ANSS opened at $305.56 on Friday. The company’s fifty day moving average price is $313.26 and its two-hundred day moving average price is $276.81. The company has a market capitalization of $26.49 billion, a price-to-earnings ratio of 48.27, a price-to-earnings-growth ratio of 6.03 and a beta of 1.25. ANSYS, Inc. has a 12 month low of $194.23 and a 12 month high of $333.89. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.13 and a quick ratio of 2.13.

ANSYS (NASDAQ:ANSS – Get Rating) last issued its quarterly earnings results on Thursday, February 23rd. The software maker reported $3.09 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 analysts’ expectations of $649.47 million. ANSYS had a net margin of 25.74% and a return on equity of 12.73%. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter last year, the company posted $2.41 earnings per share. As a group, research analysts predict that ANSYS, Inc. will post 6.67 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ANSS has been the subject of several recent research reports. Robert W. Baird increased their price target on ANSYS from $305.00 to $327.00 and gave the company an “outperform” rating in a report on Friday, February 24th. Bank of America increased their target price on ANSYS from $325.00 to $356.00 in a research note on Thursday, April 6th. Loop Capital boosted their price target on ANSYS from $310.00 to $315.00 and gave the stock a “hold” rating in a research report on Tuesday, April 18th. Barclays upped their price target on ANSYS from $266.00 to $292.00 and gave the stock an “underweight” rating in a report on Thursday, April 13th. Finally, TheStreet upgraded shares of ANSYS from a “c+” rating to a “b” rating in a research note on Wednesday, February 22nd. One 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. Based on data from MarketBeat.com, ANSYS has an average rating of “Hold” and an average target price of $311.92.

Insider Activity at ANSYS

In other ANSYS news, SVP Shane Emswiler sold 11,419 shares of ANSYS stock in a transaction on Tuesday, February 21st. The shares were sold at an average price of $265.68, for a total value of $3,033,799.92. Following the completion of the transaction, the senior vice president now owns 32,821 shares of the company’s stock, valued at $8,719,883.28. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, SVP Shane Emswiler sold 11,419 shares of the business’s stock in a transaction dated Tuesday, February 21st. The shares were sold at an average price of $265.68, for a total transaction of $3,033,799.92. Following the completion of the sale, the senior vice president now owns 32,821 shares of the company’s stock, valued at approximately $8,719,883.28. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Barbara Vaughn Scherer sold 1,675 shares of the firm’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $299.17, for a total transaction of $501,109.75. Following the completion of the transaction, the director now directly owns 11,707 shares in the company, valued at approximately $3,502,383.19. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 18,437 shares of company stock valued at $5,165,597. Corporate insiders own 0.53% of the company’s stock.

About ANSYS

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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.