Handelsbanken Fonder AB Boosts Stake in ANSYS, Inc. (NASDAQ:ANSS)

Handelsbanken Fonder AB boosted its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) by 10.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,670 shares of the software maker’s stock after buying an additional 1,887 shares during the period. Handelsbanken Fonder AB’s holdings in ANSYS were worth $7,138,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in ANSYS by 0.3% during the third quarter. Vanguard Group Inc. now owns 10,028,851 shares of the software maker’s stock worth $2,984,085,000 after buying an additional 25,426 shares during the period. Bamco Inc. NY lifted its holdings in shares of ANSYS by 0.6% during the 3rd quarter. Bamco Inc. NY now owns 2,002,717 shares of the software maker’s stock valued at $595,908,000 after purchasing an additional 11,774 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of ANSYS by 167.4% during the 3rd quarter. Wellington Management Group LLP now owns 1,286,790 shares of the software maker’s stock valued at $382,884,000 after purchasing an additional 805,657 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of ANSYS by 3.8% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,265,371 shares of the software maker’s stock valued at $376,511,000 after purchasing an additional 46,628 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in shares of ANSYS by 7.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,195,065 shares of the software maker’s stock valued at $355,592,000 after purchasing an additional 81,457 shares during the last quarter. Hedge funds and other institutional investors own 92.39% of the company’s stock.

ANSYS Price Performance

Shares of ANSS opened at $328.57 on Thursday. The business’s 50-day moving average is $336.80 and its two-hundred day moving average is $321.12. The company has a market capitalization of $28.68 billion, a P/E ratio of 57.34, a P/E/G ratio of 5.09 and a beta of 1.16. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.30 and a current ratio of 2.30. ANSYS, Inc. has a fifty-two week low of $258.01 and a fifty-two week high of $364.31.

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 analysts’ consensus estimates of $3.71 by $0.23. ANSYS had a net margin of 22.05% and a return on equity of 11.83%. The business had revenue of $805.10 million for the quarter, compared to analyst estimates of $797.49 million. During the same period last year, the company posted $2.61 EPS. The business’s revenue was up 15.9% on a year-over-year basis. Research analysts predict that ANSYS, Inc. will post 7.39 earnings per share for the current year.

Insiders Place Their Bets

In other ANSYS news, Director Glenda Dorchak sold 150 shares of the firm’s stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $342.08, for a total value of $51,312.00. Following the transaction, the director now directly owns 3,049 shares of the company’s stock, valued at approximately $1,043,001.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.53% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on ANSS. Mizuho decreased their price objective on ANSYS from $350.00 to $330.00 and set a “neutral” rating for the company in a report on Wednesday, January 17th. Wolfe Research reiterated a “peer perform” rating on shares of ANSYS in a report on Wednesday, January 17th. Rosenblatt Securities reissued a “neutral” rating and issued a $345.00 target price on shares of ANSYS in a research report on Tuesday, March 5th. Barclays upped their target price on ANSYS from $314.00 to $340.00 and gave the company an “underweight” rating in a research report on Thursday, February 22nd. Finally, StockNews.com assumed coverage on ANSYS in a research report on Tuesday. They issued a “hold” rating on the stock. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, ANSYS has an average rating of “Hold” and a consensus price target of $320.00.

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.