Norges Bank Invests $615.57 Million in ANSYS, Inc. (NASDAQ:ANSS)

Norges Bank purchased a new stake in ANSYS, Inc. (NASDAQ:ANSS) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,824,819 shares of the software maker’s stock, valued at approximately $615,566,000. Norges Bank owned about 2.09% of ANSYS as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Stock Yards Bank & Trust Co. raised its stake in shares of ANSYS by 1.3% in the fourth quarter. Stock Yards Bank & Trust Co. now owns 2,275 shares of the software maker’s stock worth $767,000 after acquiring an additional 30 shares during the last quarter. Greenleaf Trust raised its position in ANSYS by 0.9% in the 4th quarter. Greenleaf Trust now owns 3,651 shares of the software maker’s stock worth $1,232,000 after purchasing an additional 32 shares during the last quarter. Koshinski Asset Management Inc. boosted its position in ANSYS by 0.8% in the 4th quarter. Koshinski Asset Management Inc. now owns 4,367 shares of the software maker’s stock valued at $1,473,000 after buying an additional 34 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. boosted its position in ANSYS by 2.8% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,298 shares of the software maker’s stock valued at $438,000 after buying an additional 35 shares during the last quarter. Finally, BTC Capital Management Inc. increased its stake in shares of ANSYS by 2.5% in the 4th quarter. BTC Capital Management Inc. now owns 1,499 shares of the software maker’s stock valued at $506,000 after buying an additional 36 shares during the period. Institutional investors and hedge funds own 92.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ANSS. Rosenblatt Securities raised their price target on ANSYS from $335.00 to $340.00 and gave the company a “neutral” rating in a report on Friday, February 21st. StockNews.com lowered shares of ANSYS from a “buy” rating to a “hold” rating in a research note on Friday, March 21st.

Insider Activity at ANSYS

In other news, Director Glenda Dorchak sold 200 shares of ANSYS stock in a transaction on Monday, January 13th. The shares were sold at an average price of $336.62, for a total transaction of $67,324.00. Following the transaction, the director now directly owns 3,430 shares of the company’s stock, valued at $1,154,606.60. This trade 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 through this hyperlink. Corporate insiders own 0.46% of the company’s stock.

ANSYS Stock Performance

ANSS stock opened at $316.89 on Friday. ANSYS, Inc. has a twelve month low of $289.82 and a twelve month high of $363.03. 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 company has a market cap of $27.78 billion, a P/E ratio of 48.38, a price-to-earnings-growth ratio of 3.48 and a beta of 1.11. The business’s fifty day moving average is $335.12 and its 200-day moving average is $334.16.

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 the consensus estimate of $3.97 by ($0.32). The company had revenue of $882.17 million during the quarter, compared to analyst estimates of $864.46 million. ANSYS had a net margin of 22.62% and a return on equity of 12.69%. Equities research analysts forecast that ANSYS, Inc. will post 8.32 EPS for the current year.

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.