2,060,671 Shares in ANSYS, Inc. (NASDAQ:ANSS) Bought by Capital Research Global Investors

Capital Research Global Investors acquired a new stake in ANSYS, Inc. (NASDAQ:ANSS) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 2,060,671 shares of the software maker’s stock, valued at approximately $695,129,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ameliora Wealth Management Ltd. bought a new stake in shares of ANSYS in the fourth quarter worth $27,000. Assetmark Inc. lifted its position in ANSYS by 468.2% during the 4th quarter. Assetmark Inc. now owns 125 shares of the software maker’s stock worth $42,000 after buying an additional 103 shares in the last quarter. Millstone Evans Group LLC bought a new stake in ANSYS during the 4th quarter worth about $42,000. SBI Securities Co. Ltd. bought a new position in shares of ANSYS in the 4th quarter valued at about $47,000. Finally, Allworth Financial LP grew its holdings in shares of ANSYS by 33.7% in the 4th quarter. Allworth Financial LP now owns 258 shares of the software maker’s stock valued at $92,000 after acquiring an additional 65 shares in the last quarter. 92.39% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have weighed in on ANSS shares. StockNews.com upgraded ANSYS from a “hold” rating to a “buy” rating in a research note on Friday. Rosenblatt Securities boosted their target price on shares of ANSYS from $335.00 to $340.00 and gave the stock a “neutral” rating in a report on Friday, February 21st.

Insider Transactions at ANSYS

In related news, Director Glenda Dorchak sold 200 shares of ANSYS stock in a transaction that occurred on Monday, April 14th. The stock was sold at an average price of $300.01, for a total transaction of $60,002.00. Following the completion of the sale, the director now directly owns 3,230 shares of the company’s stock, valued at approximately $969,032.30. This trade represents a 5.83 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.46% of the stock is currently owned by corporate insiders.

ANSYS Price Performance

NASDAQ:ANSS opened at $302.74 on Friday. ANSYS, Inc. has a 12-month low of $275.06 and a 12-month high of $363.03. The firm has a market capitalization of $26.54 billion, a price-to-earnings ratio of 46.22, a P/E/G ratio of 3.48 and a beta of 1.20. The stock’s 50 day moving average price is $319.11 and its two-hundred day moving average price is $332.19. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.12.

ANSYS (NASDAQ:ANSS) last posted its quarterly 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). ANSYS had a net margin of 22.62% and a return on equity of 12.69%. The business had revenue of $882.17 million during the quarter, compared to the consensus estimate of $864.46 million. On average, analysts anticipate that ANSYS, Inc. will post 8.32 earnings per share for the current year.

ANSYS Company 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.