Skandinaviska Enskilda Banken AB publ Buys 600 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Skandinaviska Enskilda Banken AB publ raised its stake in ANSYS, Inc. (NASDAQ:ANSS) by 2.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,872 shares of the software maker’s stock after acquiring an additional 600 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in ANSYS were worth $9,408,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in ANSS. Proficio Capital Partners LLC bought a new position in shares of ANSYS in the fourth quarter worth about $119,140,000. D1 Capital Partners L.P. bought a new position in shares of ANSYS in the third quarter worth about $73,345,000. State Street Corp lifted its holdings in shares of ANSYS by 3.0% in the third quarter. State Street Corp now owns 3,703,249 shares of the software maker’s stock worth $1,179,966,000 after acquiring an additional 106,187 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of ANSYS by 34.9% in the third quarter. JPMorgan Chase & Co. now owns 386,708 shares of the software maker’s stock worth $123,217,000 after acquiring an additional 100,042 shares during the last quarter. Finally, CCLA Investment Management increased its stake in shares of ANSYS by 11.9% in the fourth quarter. CCLA Investment Management now owns 445,891 shares of the software maker’s stock valued at $150,381,000 after buying an additional 47,331 shares during the period. Institutional investors own 92.39% of the company’s stock.

Analyst Upgrades and Downgrades

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

ANSYS Stock Performance

ANSYS stock opened at $322.68 on Friday. The business has a 50 day moving average of $338.68 and a 200-day moving average of $333.49. ANSYS, Inc. has a 1 year low of $289.82 and a 1 year high of $363.03. 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 company has a market capitalization of $28.28 billion, a P/E ratio of 49.26, a P/E/G ratio of 3.48 and a beta of 1.11.

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 analysts’ consensus estimates of $3.97 by ($0.32). The firm had revenue of $882.17 million for 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%. On average, equities research analysts predict that ANSYS, Inc. will post 8.32 earnings per share for the current year.

Insider Buying and Selling at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the stock in a transaction that occurred 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 completion of the sale, the director now owns 3,430 shares of the company’s stock, valued at approximately $1,154,606.60. This represents a 5.51 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.46% of the company’s stock.

ANSYS Company 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.