Swiss National Bank Reduces Stock Holdings in ANSYS, Inc. (NASDAQ:ANSS)

Swiss National Bank reduced its position in ANSYS, Inc. (NASDAQ:ANSS) by 4.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 246,900 shares of the software maker’s stock after selling 12,200 shares during the quarter. Swiss National Bank’s holdings in ANSYS were worth $83,287,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in ANSS. Ameliora Wealth Management Ltd. bought a new position in shares of ANSYS during the 4th quarter worth $27,000. Assetmark Inc. lifted its holdings in ANSYS by 468.2% during the fourth quarter. Assetmark Inc. now owns 125 shares of the software maker’s stock valued at $42,000 after purchasing an additional 103 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in ANSYS during the fourth quarter worth about $47,000. Allworth Financial LP increased its stake in shares of ANSYS by 33.7% in the fourth quarter. Allworth Financial LP now owns 258 shares of the software maker’s stock worth $92,000 after purchasing an additional 65 shares in the last quarter. Finally, Brooklyn Investment Group bought a new stake in shares of ANSYS in the third quarter valued at approximately $119,000. 92.39% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Glenda Dorchak sold 200 shares of the business’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $336.62, for a total transaction of $67,324.00. Following the completion of the transaction, the director now owns 3,430 shares of the company’s stock, valued at approximately $1,154,606.60. The trade was a 5.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.46% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on ANSS. Rosenblatt Securities raised their price objective on shares of ANSYS from $335.00 to $340.00 and gave the stock a “neutral” rating in a report on Friday, February 21st. StockNews.com upgraded ANSYS from a “hold” rating to a “buy” rating in a research report on Friday, February 21st.

ANSYS Price Performance

ANSS stock opened at $322.68 on Friday. The firm has a 50 day moving average of $338.68 and a 200-day moving average of $333.49. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $28.28 billion, a P/E ratio of 49.26, a price-to-earnings-growth ratio of 3.48 and a beta of 1.11. ANSYS, Inc. has a 12 month low of $289.82 and a 12 month high of $363.03.

ANSYS (NASDAQ:ANSS) last released its quarterly 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 firm had revenue of $882.17 million for the quarter, compared to analysts’ expectations of $864.46 million. As a group, sell-side analysts predict that ANSYS, Inc. will post 8.32 earnings per share for the current fiscal year.

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.