Allspring Global Investments Holdings LLC Buys 14,856 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Allspring Global Investments Holdings LLC lifted its stake in ANSYS, Inc. (NASDAQ:ANSS) by 42.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 50,089 shares of the software maker’s stock after acquiring an additional 14,856 shares during the period. Allspring Global Investments Holdings LLC’s holdings in ANSYS were worth $18,176,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in ANSS. International Assets Investment Management LLC bought a new position in ANSYS in the fourth quarter worth $446,400,000. First Merchants Corp boosted its position in shares of ANSYS by 66.2% during the 4th quarter. First Merchants Corp now owns 7,834 shares of the software maker’s stock valued at $2,843,000 after acquiring an additional 3,119 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in ANSYS by 1.6% in the fourth quarter. Nisa Investment Advisors LLC now owns 43,601 shares of the software maker’s stock valued at $15,822,000 after acquiring an additional 707 shares during the period. DekaBank Deutsche Girozentrale raised its position in ANSYS by 8.2% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 415,424 shares of the software maker’s stock worth $149,607,000 after purchasing an additional 31,579 shares in the last quarter. Finally, Prime Capital Investment Advisors LLC bought a new position in ANSYS during the fourth quarter worth about $200,000. Institutional investors and hedge funds own 92.39% of the company’s stock.

ANSYS Price Performance

NASDAQ ANSS opened at $334.20 on Monday. The company has a quick ratio of 2.30, a current ratio of 2.30 and a debt-to-equity ratio of 0.14. ANSYS, Inc. has a 12-month low of $258.01 and a 12-month high of $364.31. The company has a market capitalization of $29.18 billion, a PE ratio of 58.32, a price-to-earnings-growth ratio of 5.28 and a beta of 1.16. The firm’s 50 day moving average is $338.55 and its 200-day moving average is $319.51.

ANSYS (NASDAQ:ANSS) last issued its earnings results on Wednesday, February 21st. The software maker reported $3.94 earnings per share for the quarter, topping analysts’ consensus estimates of $3.71 by $0.23. The business had revenue of $805.10 million for the quarter, compared to the consensus estimate of $797.49 million. ANSYS had a net margin of 22.05% and a return on equity of 11.83%. The firm’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same period in the previous year, the company earned $2.61 earnings per share. Equities research analysts anticipate that ANSYS, Inc. will post 7.34 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Glenda Dorchak sold 150 shares of the business’s stock in a transaction on Monday, April 8th. The shares were sold at an average price of $342.08, for a total transaction of $51,312.00. Following the transaction, the director now directly owns 3,049 shares in the company, valued at $1,043,001.92. The sale was disclosed in a filing with the SEC, which is available through this link. 0.53% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

ANSS has been the topic of a number of analyst reports. Barclays upped their price target on ANSYS from $314.00 to $340.00 and gave the company an “underweight” rating in a research report on Thursday, February 22nd. Wolfe Research reiterated a “peer perform” rating on shares of ANSYS in a research report on Wednesday, January 17th. Rosenblatt Securities reiterated a “neutral” rating and issued a $345.00 price objective on shares of ANSYS in a research report on Tuesday, March 5th. StockNews.com assumed coverage on shares of ANSYS in a research note on Monday. They issued a “hold” rating on the stock. Finally, Mizuho decreased their target price on ANSYS from $350.00 to $330.00 and set a “neutral” rating for the company in a research report on Wednesday, January 17th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $322.75.

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.