ANSYS, Inc. (NASDAQ:ANSS) Shares Bought by Carderock Capital Management Inc.

Carderock Capital Management Inc. grew its position in shares of ANSYS, Inc. (NASDAQ:ANSSFree Report) by 3.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 21,007 shares of the software maker’s stock after purchasing an additional 793 shares during the quarter. ANSYS accounts for about 2.1% of Carderock Capital Management Inc.’s holdings, making the stock its 19th biggest holding. Carderock Capital Management Inc.’s holdings in ANSYS were worth $7,623,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of ANSS. American Century Companies Inc. boosted its holdings in shares of ANSYS by 12.4% during the first quarter. American Century Companies Inc. now owns 2,254 shares of the software maker’s stock valued at $716,000 after acquiring an additional 248 shares during the period. Panagora Asset Management Inc. boosted its holdings in shares of ANSYS by 59.0% during the first quarter. Panagora Asset Management Inc. now owns 4,430 shares of the software maker’s stock valued at $1,407,000 after acquiring an additional 1,643 shares during the period. Cibc World Market Inc. lifted its holdings in ANSYS by 7.3% in the first quarter. Cibc World Market Inc. now owns 2,323 shares of the software maker’s stock worth $738,000 after purchasing an additional 158 shares during the period. Dimensional Fund Advisors LP lifted its holdings in ANSYS by 3.5% in the first quarter. Dimensional Fund Advisors LP now owns 301,397 shares of the software maker’s stock worth $95,742,000 after purchasing an additional 10,284 shares during the period. Finally, Allianz Asset Management GmbH lifted its holdings in ANSYS by 4.5% in the first quarter. Allianz Asset Management GmbH now owns 71,045 shares of the software maker’s stock worth $22,567,000 after purchasing an additional 3,063 shares during the period. Institutional investors and hedge funds own 92.39% of the company’s stock.

ANSYS Price Performance

Shares of ANSYS stock opened at $346.74 on Thursday. The company has a current ratio of 2.30, a quick ratio of 2.30 and a debt-to-equity ratio of 0.14. The company’s 50-day moving average price is $337.33 and its two-hundred day moving average price is $317.36. ANSYS, Inc. has a 52 week low of $258.01 and a 52 week high of $364.31. The stock has a market cap of $30.17 billion, a PE ratio of 60.51, a price-to-earnings-growth ratio of 5.49 and a beta of 1.16.

ANSYS (NASDAQ:ANSSGet Free Report) last issued its quarterly earnings results on Wednesday, February 21st. The software maker reported $3.94 EPS for the quarter, topping the consensus estimate of $3.71 by $0.23. The firm had revenue of $805.10 million for the quarter, compared to analysts’ expectations of $797.49 million. ANSYS had a net margin of 22.05% and a return on equity of 11.83%. ANSYS’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same period in the previous year, the business earned $2.61 earnings per share. As a group, sell-side analysts anticipate that ANSYS, Inc. will post 7.34 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on ANSS. StockNews.com began coverage on shares of ANSYS in a report on Saturday, March 30th. They issued a “hold” rating for the company. Wolfe Research reaffirmed a “peer perform” rating on shares of ANSYS in a report on Wednesday, January 17th. Barclays upped their price objective on shares of ANSYS from $314.00 to $340.00 and gave the stock an “underweight” rating in a report on Thursday, February 22nd. Mizuho reduced their price objective on shares of ANSYS from $350.00 to $330.00 and set a “neutral” rating for the company in a report on Wednesday, January 17th. Finally, Rosenblatt Securities reaffirmed a “neutral” rating and issued a $345.00 price objective on shares of ANSYS in a report on Tuesday, March 5th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, ANSYS presently has an average rating of “Hold” and an average target price of $322.75.

View Our Latest Research Report on ANSYS

Insiders Place Their Bets

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the business’s stock in a transaction dated Monday, January 8th. The stock was sold at an average price of $345.68, for a total transaction of $69,136.00. Following the sale, the director now owns 3,199 shares in the company, valued at approximately $1,105,830.32. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.53% of the company’s stock.

About ANSYS

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for ANSYS (NASDAQ:ANSS)

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