International Assets Investment Management LLC Invests $446.40 Million in ANSYS, Inc. (NASDAQ:ANSS)

International Assets Investment Management LLC bought a new position in ANSYS, Inc. (NASDAQ:ANSS) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 123,016 shares of the software maker’s stock, valued at approximately $446,400,000. ANSYS comprises 1.4% of International Assets Investment Management LLC’s portfolio, making the stock its 3rd largest holding. International Assets Investment Management LLC owned about 0.14% of ANSYS at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings 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 in the last quarter. Bamco Inc. NY boosted its holdings in ANSYS by 0.6% during the 3rd quarter. Bamco Inc. NY now owns 2,002,717 shares of the software maker’s stock worth $595,908,000 after acquiring an additional 11,774 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of ANSYS by 167.4% in the 3rd quarter. Wellington Management Group LLP now owns 1,286,790 shares of the software maker’s stock worth $382,884,000 after acquiring an additional 805,657 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its stake in shares of ANSYS by 3.8% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,265,371 shares of the software maker’s stock worth $376,511,000 after acquiring an additional 46,628 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its holdings in shares of ANSYS by 7.3% in the third 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. Institutional investors and hedge funds own 92.39% of the company’s stock.

ANSYS Stock Performance

NASDAQ:ANSS opened at $314.53 on Friday. The company has a market capitalization of $27.46 billion, a P/E ratio of 54.89, a P/E/G ratio of 5.09 and a beta of 1.16. The business has a fifty day simple moving average of $336.00 and a two-hundred day simple moving average of $322.00. 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 1 year low of $258.01 and a 1 year high of $364.31.

ANSYS (NASDAQ:ANSS) last announced its quarterly earnings data on Wednesday, May 1st. The software maker reported $1.39 earnings per share for the quarter, missing the consensus estimate of $1.93 by ($0.54). The firm had revenue of $466.60 million during the quarter, compared to analysts’ expectations of $549.85 million. ANSYS had a return on equity of 11.83% and a net margin of 22.05%. The company’s revenue was down 8.4% compared to the same quarter last year. During the same period last year, the business posted $1.45 EPS. On average, analysts expect that ANSYS, Inc. will post 7.39 earnings per share for the current year.

Insider Activity at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 150 shares of the business’s stock in a transaction on Monday, April 8th. The shares were sold at an average price of $342.08, for a total transaction of $51,312.00. Following the sale, the director now owns 3,049 shares of the company’s stock, valued at approximately $1,043,001.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.46% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

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.