ANSYS, Inc. (NASDAQ:ANSS) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. boosted its stake in ANSYS, Inc. (NASDAQ:ANSS) by 3.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 75,641 shares of the software maker’s stock after buying an additional 2,478 shares during the period. Victory Capital Management Inc.’s holdings in ANSYS were worth $27,449,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Legacy Capital Wealth Partners LLC increased its holdings in ANSYS by 6.3% during the 4th quarter. Legacy Capital Wealth Partners LLC now owns 1,264 shares of the software maker’s stock worth $459,000 after purchasing an additional 75 shares during the period. Golden State Equity Partners acquired a new position in shares of ANSYS during the fourth quarter worth about $356,000. Lyell Wealth Management LP purchased a new stake in shares of ANSYS during the fourth quarter worth approximately $209,000. Tokio Marine Asset Management Co. Ltd. raised its holdings in ANSYS by 8.7% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 2,417 shares of the software maker’s stock valued at $877,000 after acquiring an additional 194 shares in the last quarter. Finally, Atria Wealth Solutions Inc. lifted its stake in ANSYS by 156.9% in the fourth quarter. Atria Wealth Solutions Inc. now owns 2,489 shares of the software maker’s stock worth $903,000 after acquiring an additional 1,520 shares during the last quarter. Institutional investors and hedge funds own 92.39% of the company’s stock.

ANSYS Trading Up 1.1 %

NASDAQ:ANSS opened at $325.04 on Wednesday. The company has a market capitalization of $28.38 billion, a PE ratio of 65.27, a P/E/G ratio of 5.01 and a beta of 1.16. ANSYS, Inc. has a 52-week low of $258.01 and a 52-week high of $364.31. The stock’s 50 day moving average price is $335.06 and its 200 day moving average price is $323.12. The company has a quick ratio of 2.80, a current ratio of 2.80 and a debt-to-equity ratio of 0.14.

ANSYS (NASDAQ:ANSS) last posted its quarterly earnings data on Wednesday, May 1st. The software maker reported $1.39 earnings per share for the quarter, missing the consensus estimate of $1.93 by ($0.54). The firm had revenue of $466.60 million during the quarter, compared to analyst estimates of $549.85 million. ANSYS had a net margin of 19.51% and a return on equity of 10.45%. ANSYS’s revenue was down 8.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.45 earnings per share. On average, research analysts anticipate that ANSYS, Inc. will post 7.39 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on ANSS shares. Mizuho dropped their price objective on shares of ANSYS from $350.00 to $330.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 17th. Wolfe Research restated a “peer perform” rating on shares of ANSYS in a research note on Wednesday, January 17th. Rosenblatt Securities reaffirmed a “neutral” rating and set a $345.00 price target on shares of ANSYS in a report on Friday, May 3rd. StockNews.com initiated coverage on ANSYS in a research report on Wednesday, May 1st. They set a “hold” rating on the stock. Finally, Barclays boosted their target price on ANSYS from $314.00 to $340.00 and gave the stock an “underweight” rating in a research note 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 issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $320.00.

Insiders Place Their Bets

In other news, Director Glenda Dorchak sold 150 shares of the company’s stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $342.08, for a total value of $51,312.00. Following the completion of the sale, the director now directly owns 3,049 shares of the company’s stock, valued at $1,043,001.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.46% of the stock is currently owned by insiders.

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.