Gulf International Bank UK Ltd Has $2.45 Million Holdings in ANSYS, Inc. (NASDAQ:ANSS)

Gulf International Bank UK Ltd lifted its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) by 6.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 7,271 shares of the software maker’s stock after buying an additional 421 shares during the period. Gulf International Bank UK Ltd’s holdings in ANSYS were worth $2,452,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. State Street Corp raised its position in ANSYS by 3.0% in the 3rd quarter. State Street Corp now owns 3,703,249 shares of the software maker’s stock worth $1,179,966,000 after purchasing an additional 106,187 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of ANSYS by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,305,554 shares of the software maker’s stock valued at $732,672,000 after buying an additional 37,577 shares during the period. Impax Asset Management Group plc raised its position in shares of ANSYS by 8.0% during the third quarter. Impax Asset Management Group plc now owns 603,394 shares of the software maker’s stock worth $192,259,000 after acquiring an additional 44,605 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of ANSYS by 1.3% during the fourth quarter. Principal Financial Group Inc. now owns 570,525 shares of the software maker’s stock valued at $192,456,000 after acquiring an additional 7,098 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of ANSYS by 1.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 532,142 shares of the software maker’s stock valued at $169,556,000 after acquiring an additional 8,706 shares during the period. 92.39% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ANSS. Robert W. Baird boosted their price objective on ANSYS from $350.00 to $365.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. StockNews.com upgraded shares of ANSYS from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. Finally, Rosenblatt Securities increased their price objective on shares of ANSYS from $335.00 to $340.00 and gave the company a “neutral” rating in a report on Friday, February 21st.

Insider Activity at ANSYS

In other news, Director Glenda Dorchak sold 200 shares of ANSYS stock in a transaction on Monday, January 13th. The shares were sold at an average price of $336.62, for a total transaction of $67,324.00. Following the transaction, the director now directly owns 3,430 shares of the company’s stock, valued at $1,154,606.60. This trade represents a 5.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.46% of the company’s stock.

ANSYS Stock Up 0.9 %

Shares of ANSYS stock opened at $333.25 on Friday. The business has a fifty day simple moving average of $342.04 and a 200 day simple moving average of $333.60. The stock has a market cap of $29.21 billion, a PE ratio of 50.88, a price-to-earnings-growth ratio of 3.48 and a beta of 1.12. 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, Inc. has a 12 month low of $289.82 and a 12 month high of $363.03.

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