888 Shares in ANSYS, Inc. (NASDAQ:ANSS) Bought by SVB Wealth LLC

SVB Wealth LLC purchased a new position in ANSYS, Inc. (NASDAQ:ANSS) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 888 shares of the software maker’s stock, valued at approximately $300,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Nomura Asset Management Co. Ltd. grew its holdings in shares of ANSYS by 7.2% during the third quarter. Nomura Asset Management Co. Ltd. now owns 28,351 shares of the software maker’s stock worth $9,033,000 after buying an additional 1,914 shares in the last quarter. Caldwell Investment Management Ltd. purchased a new stake in shares of ANSYS during the third quarter worth $1,560,000. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of ANSYS by 3.3% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 518,779 shares of the software maker’s stock worth $165,299,000 after buying an additional 16,462 shares in the last quarter. KBC Group NV grew its holdings in shares of ANSYS by 20.9% during the third quarter. KBC Group NV now owns 110,928 shares of the software maker’s stock worth $35,345,000 after buying an additional 19,149 shares in the last quarter. Finally, CIBC Asset Management Inc grew its holdings in shares of ANSYS by 5.9% during the third quarter. CIBC Asset Management Inc now owns 27,116 shares of the software maker’s stock worth $8,640,000 after buying an additional 1,518 shares in the last quarter. Hedge funds and other institutional investors own 92.39% of the company’s stock.

Insider Buying and Selling at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the company’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $336.62, for a total value of $67,324.00. Following the transaction, the director now owns 3,430 shares of the company’s stock, valued at $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 SEC, which is available through this link. 0.46% of the stock is currently owned by corporate insiders.

ANSYS Trading Up 1.4 %

Shares of ANSS opened at $327.78 on Thursday. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 0.12. ANSYS, Inc. has a 12-month low of $289.82 and a 12-month high of $363.03. The firm has a 50-day moving average price of $341.07 and a 200 day moving average price of $333.76. The firm has a market capitalization of $28.73 billion, a P/E ratio of 50.04, a P/E/G ratio of 3.48 and a beta of 1.11.

ANSYS (NASDAQ:ANSS) last announced its quarterly earnings data 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 firm had revenue of $882.17 million during the quarter, compared to analysts’ expectations of $864.46 million. Sell-side analysts forecast that ANSYS, Inc. will post 8.32 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on ANSS. 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 report on Friday, February 21st. Robert W. Baird upped their price objective on shares of ANSYS from $350.00 to $365.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Finally, StockNews.com raised shares of ANSYS from a “hold” rating to a “buy” rating in a 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.