abrdn plc Has $24.14 Million Stake in ANSYS, Inc. (NASDAQ:ANSS)

abrdn plc grew its position in ANSYS, Inc. (NASDAQ:ANSS) by 32.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 66,516 shares of the software maker’s stock after purchasing an additional 16,391 shares during the period. abrdn plc’s holdings in ANSYS were worth $24,137,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of ANSYS by 0.3% in the third quarter. Vanguard Group Inc. now owns 10,028,851 shares of the software maker’s stock valued at $2,984,085,000 after purchasing an additional 25,426 shares during the last quarter. Bamco Inc. NY grew its position in ANSYS by 0.6% during the third quarter. Bamco Inc. NY now owns 2,002,717 shares of the software maker’s stock worth $595,908,000 after buying an additional 11,774 shares in the last quarter. Wellington Management Group LLP grew its position in ANSYS by 167.4% during the third quarter. Wellington Management Group LLP now owns 1,286,790 shares of the software maker’s stock worth $382,884,000 after buying an additional 805,657 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its position in ANSYS by 3.8% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,265,371 shares of the software maker’s stock worth $376,511,000 after buying an additional 46,628 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its position in ANSYS by 7.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,195,065 shares of the software maker’s stock worth $355,592,000 after buying an additional 81,457 shares in the last quarter. Institutional investors and hedge funds own 92.39% of the company’s stock.

Insider Activity

In other news, Director Glenda Dorchak sold 150 shares of the stock in a transaction on Monday, April 8th. The stock was sold at an average price of $342.08, for a total value of $51,312.00. Following the completion of the transaction, the director now directly owns 3,049 shares in the company, valued at approximately $1,043,001.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.53% of the stock is owned by corporate insiders.

Analyst Ratings Changes

ANSS has been the topic of a number of analyst reports. Barclays increased their price target on ANSYS from $314.00 to $340.00 and gave the stock an “underweight” rating in a research report on Thursday, February 22nd. Mizuho reduced their price target on ANSYS from $350.00 to $330.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 17th. StockNews.com initiated coverage on ANSYS in a research report on Tuesday. They set a “hold” rating on the stock. Rosenblatt Securities reissued a “neutral” rating and set a $345.00 price target on shares of ANSYS in a research report on Tuesday, March 5th. Finally, Wolfe Research reissued a “peer perform” rating on shares of ANSYS in a research report on Wednesday, January 17th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, ANSYS currently has a consensus rating of “Hold” and an average price target of $323.86.

ANSYS Stock Up 0.4 %

NASDAQ ANSS opened at $325.97 on Wednesday. The business has a fifty day moving average price of $336.83 and a two-hundred day moving average price of $321.07. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.30 and a quick ratio of 2.30. ANSYS, Inc. has a fifty-two week low of $258.01 and a fifty-two week high of $364.31. The stock has a market capitalization of $28.46 billion, a PE ratio of 56.89, a PEG ratio of 5.14 and a beta of 1.16.

ANSYS (NASDAQ:ANSS) last released its earnings results on Wednesday, February 21st. The software maker reported $3.94 earnings per share for the quarter, topping the consensus estimate of $3.71 by $0.23. ANSYS had a return on equity of 11.83% and a net margin of 22.05%. The firm had revenue of $805.10 million during the quarter, compared to analysts’ expectations of $797.49 million. During the same period in the prior year, the company earned $2.61 earnings per share. The company’s quarterly revenue was up 15.9% on a year-over-year basis. Equities analysts expect that ANSYS, Inc. will post 7.26 earnings per share for the current fiscal 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.