Tredje AP fonden Increases Position in ANSYS, Inc. (NASDAQ:ANSS)

Tredje AP fonden grew its holdings in ANSYS, Inc. (NASDAQ:ANSS) by 12.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,756 shares of the software maker’s stock after purchasing an additional 2,480 shares during the quarter. Tredje AP fonden’s holdings in ANSYS were worth $6,995,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Treasurer of the State of North Carolina lifted its position in ANSYS by 11.1% during the fourth quarter. Treasurer of the State of North Carolina now owns 50,703 shares of the software maker’s stock worth $18,399,000 after buying an additional 5,055 shares in the last quarter. Evoke Wealth LLC acquired a new position in shares of ANSYS during the 4th quarter valued at about $3,032,000. Sei Investments Co. boosted its position in shares of ANSYS by 18.6% during the 4th quarter. Sei Investments Co. now owns 423,106 shares of the software maker’s stock valued at $153,537,000 after acquiring an additional 66,338 shares during the last quarter. Thematics Asset Management grew its holdings in shares of ANSYS by 25.0% in the fourth quarter. Thematics Asset Management now owns 90,898 shares of the software maker’s stock valued at $32,985,000 after purchasing an additional 18,173 shares during the period. Finally, Icon Wealth Advisors LLC acquired a new stake in ANSYS during the fourth quarter worth about $982,000. 92.39% of the stock is currently owned by institutional investors and hedge funds.

ANSYS Stock Performance

Shares of ANSS stock opened at $313.39 on Thursday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.95 and a current ratio of 2.95. The firm has a market cap of $27.36 billion, a P/E ratio of 62.93, a P/E/G ratio of 6.80 and a beta of 1.12. The firm’s 50 day moving average price is $316.00 and its 200-day moving average price is $325.28. ANSYS, Inc. has a one year low of $258.01 and a one year high of $364.31.

ANSYS (NASDAQ:ANSS) last released its quarterly earnings results on Wednesday, July 31st. The software maker reported $2.50 EPS for the quarter, topping analysts’ consensus estimates of $1.92 by $0.58. ANSYS had a return on equity of 11.51% and a net margin of 21.30%. The company had revenue of $594.14 million for the quarter, compared to analysts’ expectations of $550.30 million. During the same period in the prior year, the firm earned $1.06 earnings per share. The firm’s revenue was up 19.6% compared to the same quarter last year. As a group, equities research analysts predict that ANSYS, Inc. will post 7.32 EPS for the current year.

Analysts Set New Price Targets

ANSS has been the topic of several recent analyst reports. StockNews.com started coverage on shares of ANSYS in a report on Saturday, September 14th. They issued a “hold” rating on the stock. KeyCorp started coverage on ANSYS in a report on Thursday, June 27th. They issued a “sector weight” rating on the stock. Finally, Rosenblatt Securities lowered their price objective on ANSYS from $345.00 to $335.00 and set a “neutral” rating for the company in a research report on Tuesday, August 6th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $318.33.

Insider Activity at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 159 shares of ANSYS stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $330.81, for a total value of $52,598.79. Following the completion of the transaction, the director now directly owns 3,782 shares of the company’s stock, valued at approximately $1,251,123.42. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.46% of the stock is currently owned by company 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.