Principal Securities Inc. Purchases 93 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Principal Securities Inc. grew its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS) by 17.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 619 shares of the software maker’s stock after buying an additional 93 shares during the period. Principal Securities Inc.’s holdings in ANSYS were worth $209,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ANSS. Ameliora Wealth Management Ltd. purchased a new stake in ANSYS during the 4th quarter valued at about $27,000. Intact Investment Management Inc. bought a new position in shares of ANSYS in the third quarter worth approximately $70,000. Brooklyn Investment Group purchased a new stake in shares of ANSYS during the third quarter valued at approximately $119,000. Wilmington Savings Fund Society FSB purchased a new position in ANSYS in the 3rd quarter worth approximately $174,000. Finally, Cyndeo Wealth Partners LLC bought a new position in ANSYS in the 4th quarter valued at approximately $201,000. 92.39% of the stock is owned by hedge funds and other institutional investors.

ANSYS Price Performance

Shares of ANSS opened at $333.63 on Tuesday. The firm has a market cap of $29.24 billion, a PE ratio of 50.94, a P/E/G ratio of 3.55 and a beta of 1.12. ANSYS, Inc. has a 1-year low of $289.82 and a 1-year high of $363.03. The company has a current ratio of 3.01, a quick ratio of 3.11 and a debt-to-equity ratio of 0.12. The firm has a fifty day simple moving average of $342.51 and a two-hundred day simple moving average of $333.36.

ANSYS (NASDAQ:ANSS) last posted its earnings results on Wednesday, February 19th. The software maker reported $3.65 earnings per share for the quarter, missing analysts’ consensus estimates of $3.97 by ($0.32). The firm had revenue of $882.17 million during the quarter, compared to the consensus estimate of $864.46 million. ANSYS had a net margin of 22.62% and a return on equity of 12.69%. On average, equities analysts anticipate that ANSYS, Inc. will post 8.32 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have commented on ANSS shares. Robert W. Baird lifted their target price on ANSYS from $350.00 to $365.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Rosenblatt Securities lifted their price objective on ANSYS from $335.00 to $340.00 and gave the stock a “neutral” rating in a report on Friday. Finally, StockNews.com upgraded shares of ANSYS from a “hold” rating to a “buy” rating in a research note on Friday.

Insider Buying and Selling

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $336.62, for a total value of $67,324.00. Following the transaction, the director now directly owns 3,430 shares in the company, valued at approximately $1,154,606.60. This trade represents a 5.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.46% of the stock is currently owned by insiders.

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.