ANSYS, Inc. (NASDAQ:ANSS) Shares Purchased by iA Global Asset Management Inc.

iA Global Asset Management Inc. boosted its stake in ANSYS, Inc. (NASDAQ:ANSS) by 5.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,425 shares of the software maker’s stock after purchasing an additional 517 shares during the period. iA Global Asset Management Inc.’s holdings in ANSYS were worth $3,179,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in ANSS. Proficio Capital Partners LLC acquired a new stake in ANSYS in the 4th quarter valued at $119,140,000. D1 Capital Partners L.P. acquired a new stake in ANSYS in the 3rd quarter valued at $73,345,000. State Street Corp increased its holdings in ANSYS by 3.0% in 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. JPMorgan Chase & Co. increased its holdings in ANSYS by 34.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 386,708 shares of the software maker’s stock valued at $123,217,000 after purchasing an additional 100,042 shares in the last quarter. Finally, CCLA Investment Management increased its holdings in ANSYS by 11.9% in the 4th quarter. CCLA Investment Management now owns 445,891 shares of the software maker’s stock valued at $150,381,000 after purchasing an additional 47,331 shares in the last quarter. 92.39% of the stock is currently owned by institutional investors and hedge funds.

ANSYS Stock Performance

NASDAQ:ANSS opened at $324.63 on Friday. 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 50-day moving average of $337.38 and a two-hundred day moving average of $333.64. The stock has a market cap of $28.45 billion, a P/E ratio of 49.56, a PEG ratio of 3.48 and a beta of 1.11. ANSYS, Inc. has a 1-year low of $289.82 and a 1-year high of $363.03.

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

Insider Transactions at ANSYS

In other 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 transaction, the director now owns 3,430 shares of the company’s stock, valued at approximately $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 accessible through this hyperlink. Corporate insiders own 0.46% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on ANSS. Rosenblatt Securities upped their price objective on shares of ANSYS from $335.00 to $340.00 and gave the company a “neutral” rating in a research report on Friday, February 21st. StockNews.com raised shares of ANSYS from a “hold” rating to a “buy” 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.