SVB Wealth LLC Invests $300,000 in ANSYS, Inc. (NASDAQ:ANSS)

SVB Wealth LLC purchased a new position in shares of ANSYS, Inc. (NASDAQ:ANSS) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 888 shares of the software maker’s stock, valued at approximately $300,000.

Other hedge funds have also made changes to their positions in the company. Nomura Asset Management Co. Ltd. lifted its position in shares of ANSYS by 7.2% during the third quarter. Nomura Asset Management Co. Ltd. now owns 28,351 shares of the software maker’s stock worth $9,033,000 after purchasing an additional 1,914 shares in the last quarter. Caldwell Investment Management Ltd. acquired a new stake in shares of ANSYS during the third quarter worth about $1,560,000. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of ANSYS by 3.3% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 518,779 shares of the software maker’s stock worth $165,299,000 after purchasing an additional 16,462 shares in the last quarter. KBC Group NV lifted its position in shares of ANSYS by 20.9% during the third quarter. KBC Group NV now owns 110,928 shares of the software maker’s stock worth $35,345,000 after purchasing an additional 19,149 shares in the last quarter. Finally, CIBC Asset Management Inc lifted its position in shares of ANSYS by 5.9% during the third quarter. CIBC Asset Management Inc now owns 27,116 shares of the software maker’s stock worth $8,640,000 after purchasing an additional 1,518 shares in the last quarter. Institutional investors and hedge funds own 92.39% of the company’s stock.

Wall Street Analyst Weigh In

ANSS has been the topic of several research reports. Robert W. Baird increased their price target on shares of ANSYS from $350.00 to $365.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. StockNews.com upgraded shares of ANSYS from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. Finally, Rosenblatt Securities upped their target price on shares of ANSYS from $335.00 to $340.00 and gave the stock a “neutral” rating in a research note on Friday, February 21st.

Insider Buying and Selling at ANSYS

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 $1,154,606.60. This 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 at this hyperlink. 0.46% of the stock is currently owned by insiders.

ANSYS Stock Up 1.4 %

ANSS stock opened at $327.78 on Thursday. The company’s 50 day moving average price is $341.07 and its 200 day moving average price is $333.76. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.01 and a current ratio of 3.01. ANSYS, Inc. has a fifty-two week low of $289.82 and a fifty-two week high of $363.03. The firm has a market capitalization of $28.73 billion, a price-to-earnings ratio of 50.04, a PEG ratio of 3.48 and a beta of 1.11.

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