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

Vanguard Group Inc. increased its position in shares of ANSYS, Inc. (NASDAQ:ANSS) by 0.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 10,643,766 shares of the software maker’s stock after buying an additional 78,730 shares during the quarter. Vanguard Group Inc. owned 0.12% of ANSYS worth $3,590,462,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in ANSS. State Street Corp boosted 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 acquiring an additional 106,187 shares during the period. Geode Capital Management LLC boosted its stake in ANSYS by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 2,305,554 shares of the software maker’s stock worth $732,672,000 after purchasing an additional 37,577 shares during the period. Principal Financial Group Inc. grew its position in ANSYS by 1.3% during the 4th quarter. Principal Financial Group Inc. now owns 570,525 shares of the software maker’s stock worth $192,456,000 after purchasing an additional 7,098 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in ANSYS by 4.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 553,193 shares of the software maker’s stock valued at $186,609,000 after purchasing an additional 21,051 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of ANSYS by 1.3% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 525,565 shares of the software maker’s stock valued at $177,289,000 after buying an additional 6,786 shares during the last quarter. Institutional investors and hedge funds own 92.39% of the company’s stock.

ANSYS Stock Performance

Shares of ANSS opened at $325.73 on Tuesday. The company has a market capitalization of $28.55 billion, a PE ratio of 49.73, a P/E/G 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 company has a 50-day simple moving average of $336.88 and a 200-day simple moving average of $334.12. 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 posted its quarterly earnings results on Wednesday, February 19th. The software maker reported $3.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.97 by ($0.32). The company had revenue of $882.17 million for the quarter, compared to analyst estimates of $864.46 million. ANSYS had a net margin of 22.62% and a return on equity of 12.69%. Equities research analysts predict that ANSYS, Inc. will post 8.32 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the company’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $336.62, for a total value of $67,324.00. Following the sale, the director now owns 3,430 shares of the company’s stock, valued at $1,154,606.60. This represents a 5.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.46% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ANSS. Rosenblatt Securities raised their target price 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. StockNews.com downgraded ANSYS from a “buy” rating to a “hold” rating in a research note on Friday.

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.