Handelsbanken Fonder AB Increases Stake in ANSYS, Inc. (NASDAQ:ANSS)

Handelsbanken Fonder AB boosted its stake in ANSYS, Inc. (NASDAQ:ANSS) by 17.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,657 shares of the software maker’s stock after purchasing an additional 3,247 shares during the period. Handelsbanken Fonder AB’s holdings in ANSYS were worth $7,306,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Ameliora Wealth Management Ltd. bought a new stake in shares of ANSYS in the 4th quarter worth approximately $27,000. Intact Investment Management Inc. bought a new stake in shares of ANSYS in the 3rd quarter worth approximately $70,000. Allworth Financial LP grew its position in shares of ANSYS by 33.7% in the 4th quarter. Allworth Financial LP now owns 258 shares of the software maker’s stock worth $92,000 after buying an additional 65 shares during the last quarter. Brooklyn Investment Group bought a new stake in shares of ANSYS in the 3rd quarter worth approximately $119,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of ANSYS in the 3rd quarter worth approximately $174,000. 92.39% of the stock is owned by hedge funds and other institutional investors.

ANSYS Trading Down 1.8 %

NASDAQ ANSS opened at $334.21 on Friday. The company has a quick ratio of 3.11, a current ratio of 3.01 and a debt-to-equity ratio of 0.12. ANSYS, Inc. has a twelve month low of $289.82 and a twelve month high of $363.03. The firm has a market capitalization of $29.29 billion, a PE ratio of 51.02, a P/E/G ratio of 3.55 and a beta of 1.12. The stock’s 50 day moving average is $342.69 and its 200 day moving average is $332.74.

ANSYS (NASDAQ:ANSS) last released 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). ANSYS had a net margin of 22.62% and a return on equity of 12.69%. The firm had revenue of $882.17 million for the quarter, compared to the consensus estimate of $864.46 million. Research analysts forecast that ANSYS, Inc. will post 8.32 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the business’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $336.62, for a total value of $67,324.00. Following the sale, the director now directly owns 3,430 shares of the company’s stock, valued at approximately $1,154,606.60. The trade was a 5.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on ANSS shares. Robert W. Baird lifted their price objective on ANSYS from $350.00 to $365.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Rosenblatt Securities lifted their price target on ANSYS from $335.00 to $340.00 and gave the company a “neutral” rating in a research report on Friday. Finally, StockNews.com upgraded ANSYS from a “hold” rating to a “buy” rating in a research report on Friday.

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.