Gabelli Funds LLC Raises Stake in ANSYS, Inc. (NASDAQ:ANSS)

Gabelli Funds LLC lifted its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) by 7.0% during the 4th quarter, Holdings Channel reports. The fund owned 19,100 shares of the software maker’s stock after buying an additional 1,250 shares during the quarter. Gabelli Funds LLC’s holdings in ANSYS were worth $6,443,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

ANSS has been the subject of several recent analyst reports. Rosenblatt Securities raised their target price on 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 report on Friday, March 21st.

Insider Buying and Selling at ANSYS

In other news, Director Glenda Dorchak sold 200 shares of the firm’s stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $300.01, for a total value of $60,002.00. Following the completion of the transaction, the director now owns 3,230 shares of the company’s stock, valued at approximately $969,032.30. This trade represents a 5.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.46% of the stock is currently owned by corporate insiders.

ANSYS Stock Performance

NASDAQ:ANSS opened at $302.74 on Friday. ANSYS, Inc. has a fifty-two week low of $275.06 and a fifty-two week high of $363.03. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.01 and a current ratio of 3.01. The company has a 50 day moving average price of $319.88 and a 200 day moving average price of $332.16. The stock has a market capitalization of $26.54 billion, a P/E ratio of 46.22, a PEG ratio of 3.48 and a beta of 1.20.

ANSYS (NASDAQ:ANSS) last released its quarterly earnings results on Wednesday, February 19th. The software maker reported $3.65 EPS for the quarter, missing the consensus estimate of $3.97 by ($0.32). The firm had revenue of $882.17 million for the quarter, compared to analysts’ expectations of $864.46 million. ANSYS had a return on equity of 12.69% and a net margin of 22.62%. Equities research analysts forecast that ANSYS, Inc. will post 8.32 EPS for the current year.

About ANSYS

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.