ANSYS, Inc. (NASDAQ:ANSS) Stock Position Raised by Cwm LLC

Cwm LLC lifted its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) by 5.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,203 shares of the software maker’s stock after acquiring an additional 106 shares during the quarter. Cwm LLC’s holdings in ANSYS were worth $799,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of ANSS. Vanguard Group Inc. boosted its position in shares of ANSYS by 0.3% in the third quarter. Vanguard Group Inc. now owns 10,028,851 shares of the software maker’s stock worth $2,984,085,000 after buying an additional 25,426 shares during the period. Bamco Inc. NY boosted its position in shares of ANSYS by 0.6% in the third quarter. Bamco Inc. NY now owns 2,002,717 shares of the software maker’s stock worth $595,908,000 after buying an additional 11,774 shares during the period. Wellington Management Group LLP boosted its position in shares of ANSYS by 167.4% in the third quarter. Wellington Management Group LLP now owns 1,286,790 shares of the software maker’s stock worth $382,884,000 after buying an additional 805,657 shares during the period. Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of ANSYS by 3.8% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,265,371 shares of the software maker’s stock worth $376,511,000 after buying an additional 46,628 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its holdings in shares of ANSYS by 7.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,195,065 shares of the software maker’s stock worth $355,592,000 after acquiring an additional 81,457 shares in the last quarter. 92.39% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Glenda Dorchak sold 150 shares of ANSYS stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $342.08, for a total transaction of $51,312.00. Following the sale, the director now directly owns 3,049 shares of the company’s stock, valued at $1,043,001.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.46% of the stock is owned by company insiders.

ANSYS Trading Down 1.2 %

Shares of NASDAQ:ANSS opened at $329.87 on Tuesday. The company has a market cap of $28.80 billion, a P/E ratio of 57.57, a P/E/G ratio of 5.23 and a beta of 1.16. The stock’s 50-day moving average is $336.80 and its 200-day moving average is $321.84. ANSYS, Inc. has a 52-week low of $258.01 and a 52-week high of $364.31. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.30 and a current ratio of 2.30.

ANSYS (NASDAQ:ANSS) last released 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. ANSYS had a return on equity of 11.83% and a net margin of 22.05%. The business had revenue of $805.10 million for the quarter, compared to the consensus estimate of $797.49 million. During the same period last year, the business earned $2.61 earnings per share. The firm’s revenue for the quarter was up 15.9% compared to the same quarter last year. Equities research analysts predict that ANSYS, Inc. will post 7.39 earnings per share for the current year.

Wall Street Analyst Weigh In

ANSS has been the subject of several recent research reports. Wolfe Research reiterated a “peer perform” rating on shares of ANSYS in a report on Wednesday, January 17th. Rosenblatt Securities reiterated a “neutral” rating and set a $345.00 price objective on shares of ANSYS in a report on Tuesday, March 5th. Mizuho cut their price objective on ANSYS from $350.00 to $330.00 and set a “neutral” rating for the company in a report on Wednesday, January 17th. StockNews.com initiated coverage on ANSYS in a report on Tuesday, April 23rd. They set a “hold” rating for the company. Finally, Barclays increased their price objective on ANSYS from $314.00 to $340.00 and gave the stock an “underweight” rating in a report on Thursday, February 22nd. Two equities research 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, ANSYS currently has a consensus rating of “Hold” and an average price target of $320.00.

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.