Candriam S.C.A. Boosts Holdings in ANSYS, Inc. (NASDAQ:ANSS)

Candriam S.C.A. raised its position in shares of ANSYS, Inc. (NASDAQ:ANSS) by 5.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,503 shares of the software maker’s stock after acquiring an additional 304 shares during the period. Candriam S.C.A.’s holdings in ANSYS were worth $1,856,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of ANSS. Ameliora Wealth Management Ltd. bought a new stake in ANSYS in the fourth quarter worth $27,000. Assetmark Inc. boosted its holdings in ANSYS by 468.2% in the fourth quarter. Assetmark Inc. now owns 125 shares of the software maker’s stock worth $42,000 after acquiring an additional 103 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in ANSYS in the fourth quarter worth about $47,000. Allworth Financial LP lifted its holdings in shares of ANSYS by 33.7% during the fourth quarter. Allworth Financial LP now owns 258 shares of the software maker’s stock worth $92,000 after purchasing an additional 65 shares during the period. Finally, Brooklyn Investment Group acquired a new stake in shares of ANSYS during the third quarter worth about $119,000. 92.39% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Glenda Dorchak sold 200 shares of the business’s stock in a transaction 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 completion of the transaction, the director now owns 3,430 shares of the company’s stock, valued at $1,154,606.60. The trade was a 5.51 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.46% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages recently commented on ANSS. StockNews.com upgraded ANSYS from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. Rosenblatt Securities upped their price target on ANSYS from $335.00 to $340.00 and gave the company a “neutral” rating in a research note on Friday, February 21st.

ANSYS Trading Up 0.1 %

Shares of ANSS opened at $325.61 on Monday. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.01 and a quick ratio of 3.01. ANSYS, Inc. has a 12 month low of $289.82 and a 12 month high of $363.03. The stock’s 50-day moving average is $340.49 and its two-hundred day moving average is $333.76. The stock has a market cap of $28.54 billion, a PE ratio of 49.71, a P/E/G ratio of 3.48 and a beta of 1.11.

ANSYS (NASDAQ:ANSS) last released its 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 return on equity of 12.69% and a net margin of 22.62%. The firm had revenue of $882.17 million during the quarter, compared to analyst estimates of $864.46 million. Equities analysts forecast that ANSYS, Inc. will post 8.32 earnings per share for the current fiscal year.

ANSYS 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.