KLP Kapitalforvaltning AS Makes New Investment in ANSYS, Inc. (NASDAQ:ANSS)

KLP Kapitalforvaltning AS acquired a new stake in ANSYS, Inc. (NASDAQ:ANSS) during the fourth quarter, Holdings Channel.com reports. The firm acquired 29,799 shares of the software maker’s stock, valued at approximately $10,052,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Ameliora Wealth Management Ltd. acquired a new position in ANSYS in the fourth quarter valued at approximately $27,000. Assetmark Inc. increased its stake in shares of ANSYS by 468.2% in the 4th quarter. Assetmark Inc. now owns 125 shares of the software maker’s stock valued at $42,000 after acquiring an additional 103 shares in the last quarter. Millstone Evans Group LLC bought a new position in ANSYS during the fourth quarter worth $42,000. SBI Securities Co. Ltd. acquired a new stake in ANSYS in the fourth quarter worth $47,000. Finally, Allworth Financial LP increased its stake in ANSYS by 33.7% in the fourth quarter. Allworth Financial LP now owns 258 shares of the software maker’s stock valued at $92,000 after purchasing an additional 65 shares in the last quarter. Institutional investors own 92.39% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on ANSS. Rosenblatt Securities increased their price objective on shares of ANSYS from $335.00 to $340.00 and gave the stock a “neutral” rating in a research report on Friday, February 21st. StockNews.com cut ANSYS from a “buy” rating to a “hold” rating in a research note on Friday.

ANSYS Stock Up 0.5 %

ANSYS stock opened at $325.73 on Tuesday. The firm has a market capitalization of $28.55 billion, a price-to-earnings ratio of 49.73, a price-to-earnings-growth ratio of 3.48 and a beta of 1.11. The firm’s fifty day moving average price is $336.88 and its two-hundred day moving average price is $334.12. ANSYS, Inc. has a 1-year low of $289.82 and a 1-year high of $363.03. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 0.12.

ANSYS (NASDAQ:ANSS) last announced its quarterly 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). The business had revenue of $882.17 million during the quarter, compared to the consensus estimate of $864.46 million. ANSYS had a net margin of 22.62% and a return on equity of 12.69%. On average, equities research analysts predict that ANSYS, Inc. will post 8.32 earnings per share for the current fiscal year.

Insider Activity at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the firm’s stock in a transaction on Monday, January 13th. The stock was 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 approximately $1,154,606.60. This trade represents a 5.51 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.46% of the stock is owned by 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.