Harvest Fund Management Co. Ltd Acquires 1,122 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Harvest Fund Management Co. Ltd raised its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS) by 27.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,147 shares of the software maker’s stock after purchasing an additional 1,122 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in ANSYS were worth $1,722,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. State Street Corp increased its stake in 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 in the last quarter. Geode Capital Management LLC increased its stake 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 purchasing an additional 37,577 shares in the last quarter. Principal Financial Group Inc. increased its stake in ANSYS by 1.3% during the 4th quarter. Principal Financial Group Inc. now owns 570,525 shares of the software maker’s stock valued at $192,456,000 after purchasing an additional 7,098 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in ANSYS by 4.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 553,193 shares of the software maker’s stock valued at $186,609,000 after purchasing an additional 21,051 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its stake in ANSYS by 1.3% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 525,565 shares of the software maker’s stock valued at $177,289,000 after purchasing an additional 6,786 shares in the last quarter. Institutional investors own 92.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on ANSS shares. 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. StockNews.com upgraded shares of ANSYS from a “hold” rating to a “buy” rating in a research note on Friday, February 21st.

ANSYS Stock Performance

NASDAQ ANSS opened at $323.04 on Thursday. ANSYS, Inc. has a 1 year low of $289.82 and a 1 year high of $363.03. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.01 and a quick ratio of 3.01. The firm has a market cap of $28.32 billion, a price-to-earnings ratio of 49.32, a PEG ratio of 3.48 and a beta of 1.11. The company has a fifty day moving average price of $337.76 and a 200-day moving average price of $333.70.

ANSYS (NASDAQ:ANSS) last posted its quarterly earnings results on Wednesday, February 19th. The software maker reported $3.65 earnings per share 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 the consensus estimate of $864.46 million. ANSYS had a net margin of 22.62% and a return on equity of 12.69%. As a group, equities research analysts predict that ANSYS, Inc. will post 8.32 EPS for the current fiscal year.

Insider Activity at ANSYS

In related news, Director Glenda Dorchak sold 200 shares of the stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $336.62, for a total transaction of $67,324.00. Following the completion of the transaction, the director now owns 3,430 shares in the company, valued at approximately $1,154,606.60. This represents a 5.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.46% of the stock is owned by company insiders.

About ANSYS

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.