Zurcher Kantonalbank Zurich Cantonalbank Purchases 192 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of ANSYS, Inc. (NASDAQ:ANSS) by 0.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 42,896 shares of the software maker’s stock after buying an additional 192 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in ANSYS were worth $14,470,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ANSS. Alpine Associates Management Inc. boosted its holdings in shares of ANSYS by 8.2% in the 4th quarter. Alpine Associates Management Inc. now owns 443,583 shares of the software maker’s stock worth $149,634,000 after buying an additional 33,600 shares during the last quarter. OFI Invest Asset Management purchased a new position in ANSYS in the fourth quarter valued at about $1,272,000. Schaper Benz & Wise Investment Counsel Inc. WI grew its position in shares of ANSYS by 2.3% during the 4th quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 29,781 shares of the software maker’s stock valued at $10,046,000 after acquiring an additional 669 shares during the period. PNC Financial Services Group Inc. grew its position in shares of ANSYS by 16.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 56,885 shares of the software maker’s stock valued at $19,189,000 after acquiring an additional 8,224 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich increased its stake in shares of ANSYS by 3.7% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 4,971 shares of the software maker’s stock worth $1,851,000 after purchasing an additional 179 shares during the last quarter. Hedge funds and other institutional investors own 92.39% of the company’s stock.

ANSYS Stock Performance

NASDAQ ANSS opened at $317.49 on Thursday. The firm has a market cap of $27.83 billion, a P/E ratio of 48.47, a price-to-earnings-growth ratio of 3.48 and a beta of 1.11. 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’s 50 day moving average is $339.36 and its 200-day moving average is $333.58. ANSYS, Inc. has a 12-month low of $289.82 and a 12-month high of $363.03.

ANSYS (NASDAQ:ANSS) last issued its earnings results on Wednesday, February 19th. The software maker reported $3.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.97 by ($0.32). ANSYS had a net margin of 22.62% and a return on equity of 12.69%. The business had revenue of $882.17 million for the quarter, compared to the consensus estimate of $864.46 million. Sell-side analysts predict that ANSYS, Inc. will post 8.32 earnings per share for the current year.

Insider Activity at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 200 shares of ANSYS stock in a transaction dated Monday, January 13th. The stock was 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 of the company’s stock, valued at $1,154,606.60. The trade was a 5.51 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.46% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. StockNews.com upgraded ANSYS from a “hold” rating to a “buy” rating in a research note 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 report on Friday, February 21st.

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.