Bessemer Group Inc. Buys 86 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Bessemer Group Inc. boosted its stake in ANSYS, Inc. (NASDAQ:ANSS) by 2.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,182 shares of the software maker’s stock after acquiring an additional 86 shares during the period. Bessemer Group Inc.’s holdings in ANSYS were worth $1,073,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of ANSYS by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 10,643,766 shares of the software maker’s stock valued at $3,590,462,000 after purchasing an additional 78,730 shares during the last quarter. Geode Capital Management LLC boosted its position in ANSYS by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 2,363,744 shares of the software maker’s stock valued at $796,033,000 after acquiring an additional 58,190 shares during the last quarter. FIL Ltd grew its holdings in ANSYS by 32.5% during the 4th quarter. FIL Ltd now owns 2,086,177 shares of the software maker’s stock worth $703,730,000 after acquiring an additional 511,557 shares during the period. Norges Bank bought a new position in shares of ANSYS in the 4th quarter worth about $615,566,000. Finally, Invesco Ltd. lifted its stake in shares of ANSYS by 7.4% in the 4th quarter. Invesco Ltd. now owns 1,097,915 shares of the software maker’s stock valued at $370,360,000 after purchasing an additional 75,752 shares during the period. Institutional investors and hedge funds own 92.39% of the company’s stock.

ANSYS Price Performance

Shares of NASDAQ ANSS opened at $302.10 on Tuesday. The firm has a market capitalization of $26.48 billion, a P/E ratio of 46.12, a P/E/G ratio of 3.48 and a beta of 1.20. The firm’s 50-day moving average price is $322.38 and its 200-day moving average price is $332.68. 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, Inc. has a 1-year low of $275.06 and a 1-year high of $363.03.

ANSYS (NASDAQ:ANSS) last issued 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). The firm 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%. Equities research analysts anticipate that ANSYS, Inc. will post 8.32 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. StockNews.com cut ANSYS from a “buy” rating to a “hold” rating in a research note on Friday, March 21st. 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 research report on Friday, February 21st.

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.