DnB Asset Management AS Grows Stock Position in ANSYS, Inc. (NASDAQ:ANSS)

DnB Asset Management AS increased its holdings in ANSYS, Inc. (NASDAQ:ANSS) by 2.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,087 shares of the software maker’s stock after buying an additional 356 shares during the quarter. DnB Asset Management AS’s holdings in ANSYS were worth $5,089,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Townsquare Capital LLC grew its position in shares of ANSYS by 7.4% during the 3rd quarter. Townsquare Capital LLC now owns 4,595 shares of the software maker’s stock valued at $1,464,000 after acquiring an additional 318 shares during the period. Glenmede Trust Co. NA grew its holdings in ANSYS by 2.1% during the third quarter. Glenmede Trust Co. NA now owns 2,973 shares of the software maker’s stock valued at $947,000 after purchasing an additional 61 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in ANSYS by 24.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 42,704 shares of the software maker’s stock worth $13,607,000 after buying an additional 8,521 shares in the last quarter. Public Sector Pension Investment Board increased its position in ANSYS by 14.9% in the third quarter. Public Sector Pension Investment Board now owns 3,847 shares of the software maker’s stock worth $1,226,000 after buying an additional 500 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec raised its stake in shares of ANSYS by 29.1% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 16,100 shares of the software maker’s stock worth $5,130,000 after buying an additional 3,625 shares during the period. 92.39% of the stock is currently owned by institutional investors.

ANSYS Stock Performance

NASDAQ ANSS opened at $316.89 on Monday. The business has a 50-day moving average price of $335.12 and a 200-day moving average price of $334.46. The firm has a market cap of $27.78 billion, a price-to-earnings ratio of 48.38, a price-to-earnings-growth ratio of 3.48 and a beta of 1.11. 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.

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 business had revenue of $882.17 million during the quarter, compared to the consensus estimate of $864.46 million. ANSYS had a return on equity of 12.69% and a net margin of 22.62%. As a group, equities research analysts predict that ANSYS, Inc. will post 8.32 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently issued reports on ANSS. StockNews.com lowered shares of ANSYS from a “buy” rating to a “hold” rating in a report on Friday, March 21st. Rosenblatt Securities increased their price objective 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.

Insider Activity at ANSYS

In other ANSYS 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 of the company’s stock, valued at $1,154,606.60. This represents a 5.51 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.46% of the stock is currently owned by corporate 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.