Canada Pension Plan Investment Board Has $34.46 Million Holdings in ANSYS, Inc. (NASDAQ:ANSS)

Canada Pension Plan Investment Board increased its position in shares of ANSYS, Inc. (NASDAQ:ANSS) by 1,052.9% during the first quarter, Holdings Channel reports. The fund owned 99,263 shares of the software maker’s stock after acquiring an additional 90,653 shares during the quarter. Canada Pension Plan Investment Board’s holdings in ANSYS were worth $34,460,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. CVA Family Office LLC acquired a new stake in shares of ANSYS during the fourth quarter valued at approximately $28,000. Quest Partners LLC acquired a new stake in shares of ANSYS during the fourth quarter valued at approximately $29,000. DSM Capital Partners LLC acquired a new stake in shares of ANSYS during the fourth quarter valued at approximately $34,000. Core Wealth Advisors Inc. acquired a new stake in shares of ANSYS during the fourth quarter valued at approximately $40,000. Finally, Turtle Creek Wealth Advisors LLC acquired a new position in ANSYS in the 4th quarter valued at approximately $47,000. Institutional investors and hedge funds own 92.39% of the company’s stock.

ANSYS Stock Up 0.5 %

ANSS stock traded up $1.57 during trading hours on Friday, hitting $312.26. The company’s stock had a trading volume of 323,741 shares, compared to its average volume of 436,815. The company has a quick ratio of 2.80, a current ratio of 2.80 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $27.26 billion, a PE ratio of 62.70, a price-to-earnings-growth ratio of 6.92 and a beta of 1.11. 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 price of $323.68 and a two-hundred day moving average price of $331.21.

ANSYS (NASDAQ:ANSS) last posted its earnings results on Wednesday, May 1st. The software maker reported $1.39 EPS for the quarter, missing the consensus estimate of $1.93 by ($0.54). The business had revenue of $466.60 million during the quarter, compared to the consensus estimate of $549.85 million. ANSYS had a return on equity of 10.45% and a net margin of 19.51%. The business’s revenue was down 8.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.45 earnings per share. On average, equities research analysts expect that ANSYS, Inc. will post 7.05 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have weighed in on ANSS. Rosenblatt Securities reiterated a “neutral” rating and issued a $345.00 price objective on shares of ANSYS in a research note on Friday, May 3rd. KeyCorp began coverage on shares of ANSYS in a research note on Thursday, June 27th. They issued a “sector weight” rating on the stock. Finally, StockNews.com began coverage on shares of ANSYS in a research note on Saturday, July 20th. They issued a “hold” rating on the stock. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, ANSYS presently has an average rating of “Hold” and a consensus price target of $320.00.

Insider Buying and Selling

In related news, Director Glenda Dorchak sold 159 shares of the company’s stock in a transaction on Monday, July 8th. The shares were sold at an average price of $330.81, for a total transaction of $52,598.79. Following the completion of the sale, the director now directly owns 3,782 shares of the company’s stock, valued at approximately $1,251,123.42. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.46% of the stock is owned by insiders.

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.