Handelsbanken Fonder AB Buys 3,247 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Handelsbanken Fonder AB grew its stake in ANSYS, Inc. (NASDAQ:ANSS) by 17.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,657 shares of the software maker’s stock after acquiring an additional 3,247 shares during the quarter. Handelsbanken Fonder AB’s holdings in ANSYS were worth $7,306,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of ANSS. Ameliora Wealth Management Ltd. purchased a new position in shares of ANSYS in the fourth quarter worth $27,000. Intact Investment Management Inc. purchased a new position in shares of ANSYS in the third quarter worth $70,000. Allworth Financial LP raised its stake in shares of ANSYS by 33.7% in the fourth quarter. Allworth Financial LP now owns 258 shares of the software maker’s stock worth $92,000 after purchasing an additional 65 shares during the last quarter. Brooklyn Investment Group purchased a new position in shares of ANSYS in the third quarter worth $119,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of ANSYS in the third quarter worth $174,000. Hedge funds and other institutional investors own 92.39% of the company’s stock.

Insider Activity at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the business’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $336.62, for a total transaction of $67,324.00. Following the completion of the sale, the director now owns 3,430 shares of the company’s stock, valued at approximately $1,154,606.60. The trade was a 5.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.46% of the stock is owned by company insiders.

ANSYS Stock Down 1.8 %

ANSYS stock opened at $334.21 on Friday. The stock has a market cap of $29.29 billion, a PE ratio of 51.02, a price-to-earnings-growth ratio of 3.55 and a beta of 1.12. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.11 and a current ratio of 3.01. ANSYS, Inc. has a one year low of $289.82 and a one year high of $363.03. The stock has a fifty day moving average of $342.69 and a 200 day moving average of $332.74.

ANSYS (NASDAQ:ANSS) last posted its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $864.46 million. ANSYS had a net margin of 22.62% and a return on equity of 12.69%. As a group, sell-side analysts predict that ANSYS, Inc. will post 8.32 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ANSS. Robert W. Baird boosted their price target on ANSYS from $350.00 to $365.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Rosenblatt Securities boosted their price target on ANSYS from $335.00 to $340.00 and gave the stock a “neutral” rating in a research note on Friday. Finally, StockNews.com upgraded ANSYS from a “hold” rating to a “buy” rating in a research note on Friday.

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.