Harvest Fund Management Co. Ltd Buys 80 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Harvest Fund Management Co. Ltd increased its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) by 11.7% during the fourth quarter, HoldingsChannel reports. The fund owned 763 shares of the software maker’s stock after acquiring an additional 80 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in ANSYS were worth $275,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in shares of ANSYS by 0.3% in the 3rd 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 stake in shares of ANSYS by 0.6% in 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 in the last quarter. Wellington Management Group LLP boosted 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 valued at $382,884,000 after purchasing an additional 805,657 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted 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 valued at $376,511,000 after purchasing an additional 46,628 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of ANSYS by 7.3% in 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 in the last quarter. Institutional investors own 92.39% of the company’s stock.

Insider Buying and Selling

In related news, Director Glenda Dorchak sold 150 shares of the firm’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $342.08, for a total value of $51,312.00. Following the sale, the director now directly owns 3,049 shares of the company’s stock, valued at $1,043,001.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.53% of the stock is owned by company insiders.

Analysts Set New Price Targets

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

ANSYS Trading Down 0.5 %

NASDAQ ANSS opened at $327.01 on Thursday. ANSYS, Inc. has a 12 month low of $258.01 and a 12 month high of $364.31. The stock has a 50 day moving average of $336.80 and a 200-day moving average of $321.12. 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 has a market cap of $28.55 billion, a PE ratio of 57.34, a PEG ratio of 5.11 and a beta of 1.16.

ANSYS (NASDAQ:ANSS) last posted its quarterly earnings data on Wednesday, February 21st. The software maker reported $3.94 earnings per share 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 return on equity of 11.83% and a net margin of 22.05%. The company’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter last year, the business earned $2.61 EPS. On average, equities research analysts anticipate that ANSYS, Inc. will post 7.39 EPS for the current fiscal year.

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.