Xponance Inc. Grows Stock Position in ANSYS, Inc. (NASDAQ:ANSS)

Xponance Inc. boosted its position in ANSYS, Inc. (NASDAQ:ANSS) by 0.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,954 shares of the software maker’s stock after buying an additional 87 shares during the period. Xponance Inc.’s holdings in ANSYS were worth $4,032,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Ameliora Wealth Management Ltd. acquired a new stake in shares of ANSYS in the 4th quarter worth $27,000. Assetmark Inc. raised its holdings in ANSYS by 468.2% during the fourth quarter. Assetmark Inc. now owns 125 shares of the software maker’s stock worth $42,000 after purchasing an additional 103 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in ANSYS in the fourth quarter valued at about $47,000. Allworth Financial LP boosted its holdings in ANSYS by 33.7% in the 4th quarter. Allworth Financial LP now owns 258 shares of the software maker’s stock valued at $92,000 after purchasing an additional 65 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new position in ANSYS during the 3rd quarter worth approximately $119,000. 92.39% of the stock is owned by institutional investors and hedge funds.

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 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 in the company, valued at approximately $1,154,606.60. The trade was a 5.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.46% of the stock is owned by corporate insiders.

ANSYS Price Performance

Shares of NASDAQ:ANSS opened at $324.63 on Friday. The firm has a market capitalization of $28.45 billion, a price-to-earnings ratio of 49.56, a price-to-earnings-growth ratio of 3.48 and a beta of 1.11. 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 business’s 50 day simple moving average is $337.38 and its 200-day simple moving average is $333.64. ANSYS, Inc. has a 12 month low of $289.82 and a 12 month high of $363.03.

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

Wall Street Analysts Forecast Growth

ANSS has been the subject of several recent analyst reports. StockNews.com raised ANSYS from a “hold” rating to a “buy” rating in a report on Friday, February 21st. Rosenblatt Securities boosted their target price on shares of ANSYS from $335.00 to $340.00 and gave the stock a “neutral” rating in a research report on Friday, February 21st.

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.