Howard Capital Management Inc. Boosts Stake in ANSYS, Inc. (NASDAQ:ANSS)

Howard Capital Management Inc. lifted its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) by 2.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,373 shares of the software maker’s stock after buying an additional 67 shares during the period. Howard Capital Management Inc.’s holdings in ANSYS were worth $800,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in ANSS. Stock Yards Bank & Trust Co. lifted its position in ANSYS by 1.3% during the 4th quarter. Stock Yards Bank & Trust Co. now owns 2,275 shares of the software maker’s stock worth $767,000 after acquiring an additional 30 shares during the period. Greenleaf Trust lifted its holdings in shares of ANSYS by 0.9% during the fourth quarter. Greenleaf Trust now owns 3,651 shares of the software maker’s stock worth $1,232,000 after purchasing an additional 32 shares during the period. Koshinski Asset Management Inc. lifted its holdings in shares of ANSYS by 0.8% during the fourth quarter. Koshinski Asset Management Inc. now owns 4,367 shares of the software maker’s stock worth $1,473,000 after purchasing an additional 34 shares during the period. BTC Capital Management Inc. increased its holdings in ANSYS by 2.5% in the 4th quarter. BTC Capital Management Inc. now owns 1,499 shares of the software maker’s stock worth $506,000 after buying an additional 36 shares during the period. Finally, Summerhill Capital Management lnc. raised its holdings in shares of ANSYS by 0.6% during the fourth quarter. Summerhill Capital Management lnc. now owns 6,139 shares of the software maker’s stock worth $2,071,000 after purchasing an additional 36 shares during the last quarter. 92.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ANSS has been the subject of a number of analyst reports. Robert W. Baird boosted their price target on ANSYS from $350.00 to $365.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Rosenblatt Securities boosted their target price on shares of ANSYS from $335.00 to $340.00 and gave the company a “neutral” rating in a research note on Friday. Finally, StockNews.com upgraded shares of ANSYS from a “hold” rating to a “buy” rating in a research report on Friday.

Insider Buying and Selling at ANSYS

In related news, Director Glenda Dorchak sold 200 shares of ANSYS stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $336.62, for a total value of $67,324.00. Following the sale, the director now directly owns 3,430 shares in the company, valued at approximately $1,154,606.60. The trade was a 5.51 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.46% of the company’s stock.

ANSYS Stock Performance

NASDAQ ANSS opened at $334.21 on Monday. The company has a current ratio of 3.01, a quick ratio of 3.11 and a debt-to-equity ratio of 0.12. ANSYS, Inc. has a twelve month low of $289.82 and a twelve month high of $363.03. The stock has a 50-day moving average of $342.69 and a 200 day moving average of $333.19. The stock has a market capitalization of $29.29 billion, a price-to-earnings ratio of 51.02, a PEG ratio of 3.55 and a beta of 1.12.

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

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.