ANSYS, Inc. (NASDAQ:ANSS) Shares Purchased by Everence Capital Management Inc.

Everence Capital Management Inc. boosted its holdings in ANSYS, Inc. (NASDAQ:ANSS) by 27.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 3,950 shares of the software maker’s stock after acquiring an additional 862 shares during the period. Everence Capital Management Inc.’s holdings in ANSYS were worth $1,433,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in ANSS. Wellington Management Group LLP grew its stake in ANSYS by 167.4% in the 3rd quarter. Wellington Management Group LLP now owns 1,286,790 shares of the software maker’s stock valued at $382,884,000 after acquiring an additional 805,657 shares during the last quarter. Norges Bank acquired a new stake in ANSYS in the 4th quarter valued at about $169,860,000. Select Equity Group L.P. grew its stake in ANSYS by 63.6% in the 1st quarter. Select Equity Group L.P. now owns 1,265,997 shares of the software maker’s stock valued at $421,324,000 after acquiring an additional 491,935 shares during the last quarter. Alecta Tjanstepension Omsesidigt acquired a new stake in ANSYS in the 4th quarter valued at about $145,144,000. Finally, Comerica Bank grew its stake in ANSYS by 1,922.9% in the 3rd quarter. Comerica Bank now owns 329,577 shares of the software maker’s stock valued at $98,066,000 after acquiring an additional 313,285 shares during the last quarter. 92.39% of the stock is owned by institutional investors and hedge funds.

Insider Activity at ANSYS

In related news, Director Glenda Dorchak sold 150 shares of the firm’s stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $342.08, for a total value of $51,312.00. Following the transaction, the director now owns 3,049 shares in the company, valued at $1,043,001.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.53% of the stock is currently owned by insiders.

ANSYS Price Performance

ANSS opened at $326.81 on Wednesday. The company’s 50 day simple moving average is $338.17 and its 200 day simple moving average is $319.93. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.30 and a current ratio of 2.30. ANSYS, Inc. has a 1 year low of $258.01 and a 1 year high of $364.31. The stock has a market capitalization of $28.53 billion, a PE ratio of 57.03, a P/E/G ratio of 5.26 and a beta of 1.16.

ANSYS (NASDAQ:ANSS) last released its earnings results on Wednesday, February 21st. The software maker reported $3.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.71 by $0.23. ANSYS had a net margin of 22.05% and a return on equity of 11.83%. The business had revenue of $805.10 million for the quarter, compared to analysts’ expectations of $797.49 million. During the same period last year, the company earned $2.61 earnings per share. The company’s quarterly revenue was up 15.9% on a year-over-year basis. As a group, sell-side analysts expect that ANSYS, Inc. will post 7.24 EPS for the current year.

Analyst Ratings Changes

Several research firms have issued reports on ANSS. Rosenblatt Securities reaffirmed a “neutral” rating and set a $345.00 price target on shares of ANSYS in a research note on Tuesday, March 5th. Mizuho decreased their price target on shares of ANSYS from $350.00 to $330.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 17th. StockNews.com began coverage on shares of ANSYS in a research note on Monday. They set a “hold” rating on the stock. Barclays raised their price target on shares of ANSYS from $314.00 to $340.00 and gave the stock an “underweight” rating in a research note on Thursday, February 22nd. Finally, Wolfe Research reaffirmed a “peer perform” rating on shares of ANSYS in a research note on Wednesday, January 17th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, ANSYS currently has a consensus rating of “Hold” and a consensus target price of $322.75.

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.