Assetmark Inc. Boosts Stake in ANSYS, Inc. (NASDAQ:ANSS)

Assetmark Inc. lifted its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS) by 468.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 125 shares of the software maker’s stock after purchasing an additional 103 shares during the quarter. Assetmark Inc.’s holdings in ANSYS were worth $42,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Proficio Capital Partners LLC purchased a new stake in ANSYS in the fourth quarter valued at approximately $119,140,000. D1 Capital Partners L.P. purchased a new position in shares of ANSYS in the third quarter valued at approximately $73,345,000. State Street Corp grew its holdings in shares of ANSYS by 3.0% in the third quarter. State Street Corp now owns 3,703,249 shares of the software maker’s stock valued at $1,179,966,000 after purchasing an additional 106,187 shares in the last quarter. JPMorgan Chase & Co. increased its stake in ANSYS by 34.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 386,708 shares of the software maker’s stock worth $123,217,000 after buying an additional 100,042 shares during the period. Finally, CCLA Investment Management lifted its holdings in ANSYS by 11.9% during the 4th quarter. CCLA Investment Management now owns 445,891 shares of the software maker’s stock worth $150,381,000 after buying an additional 47,331 shares in the last quarter. 92.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ANSS has been the subject of several research reports. StockNews.com upgraded shares of ANSYS from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. Rosenblatt Securities lifted their price target on shares of ANSYS from $335.00 to $340.00 and gave the stock a “neutral” rating in a research note on Friday, February 21st.

ANSYS Stock Up 1.6 %

Shares of NASDAQ ANSS opened at $322.68 on Friday. The stock has a market cap of $28.28 billion, a PE ratio of 49.26, a price-to-earnings-growth ratio of 3.48 and a beta of 1.11. ANSYS, Inc. has a 52-week low of $289.82 and a 52-week high of $363.03. The business has a 50-day moving average price of $338.68 and a 200 day moving average price of $333.60. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.12.

ANSYS (NASDAQ:ANSS) last announced its earnings results on Wednesday, February 19th. The software maker reported $3.65 EPS for the quarter, missing analysts’ consensus estimates of $3.97 by ($0.32). ANSYS had a net margin of 22.62% and a return on equity of 12.69%. The business had revenue of $882.17 million during the quarter, compared to analyst estimates of $864.46 million. Equities research analysts forecast that ANSYS, Inc. will post 8.32 earnings per share for the current year.

Insider Activity at ANSYS

In other news, Director Glenda Dorchak sold 200 shares of the business’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $336.62, for a total transaction of $67,324.00. Following the transaction, the director now directly owns 3,430 shares in the company, valued at $1,154,606.60. The trade was a 5.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.46% of the stock is currently owned by insiders.

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.