DnB Asset Management AS Acquires 356 Shares of ANSYS, Inc. (NASDAQ:ANSS)

DnB Asset Management AS lifted its holdings in ANSYS, Inc. (NASDAQ:ANSS) by 2.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 15,087 shares of the software maker’s stock after buying an additional 356 shares during the period. DnB Asset Management AS’s holdings in ANSYS were worth $5,089,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in ANSYS by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 10,643,766 shares of the software maker’s stock worth $3,590,462,000 after acquiring an additional 78,730 shares during the last quarter. State Street Corp increased its position in shares of ANSYS by 3.0% during the 3rd quarter. State Street Corp now owns 3,703,249 shares of the software maker’s stock valued at $1,179,966,000 after purchasing an additional 106,187 shares during the last quarter. Geode Capital Management LLC raised its holdings in ANSYS by 1.7% during 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. Norges Bank purchased a new stake in ANSYS during the 4th quarter valued at $615,566,000. Finally, Principal Financial Group Inc. lifted its position in ANSYS by 1.3% in the fourth quarter. Principal Financial Group Inc. now owns 570,525 shares of the software maker’s stock worth $192,456,000 after buying an additional 7,098 shares during the last quarter. Institutional investors own 92.39% of the company’s stock.

Insider Transactions at ANSYS

In related news, Director Glenda Dorchak sold 200 shares of the stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $336.62, for a total value of $67,324.00. Following the transaction, the director now owns 3,430 shares of the company’s stock, 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 Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.46% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on ANSS shares. StockNews.com downgraded shares of ANSYS from a “buy” rating to a “hold” rating in a research note on Friday, March 21st. Rosenblatt Securities increased their price objective on shares of ANSYS from $335.00 to $340.00 and gave the stock a “neutral” rating in a research report on Friday, February 21st.

ANSYS Price Performance

ANSS opened at $316.89 on Monday. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.12. The business has a fifty day moving average of $335.12 and a 200 day moving average of $334.46. ANSYS, Inc. has a 52-week low of $289.82 and a 52-week high of $363.03. The stock has a market cap of $27.78 billion, a P/E ratio of 48.38, a PEG ratio of 3.48 and a beta of 1.11.

ANSYS (NASDAQ:ANSS) last posted its quarterly earnings results on Wednesday, February 19th. The software maker reported $3.65 EPS for the quarter, missing analysts’ consensus estimates of $3.97 by ($0.32). The company had revenue of $882.17 million during the quarter, compared to the consensus estimate of $864.46 million. ANSYS had a return on equity of 12.69% and a net margin of 22.62%. As a group, sell-side analysts anticipate 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.