Zurcher Kantonalbank Zurich Cantonalbank Has $14.47 Million Position in ANSYS, Inc. (NASDAQ:ANSS)

Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in ANSYS, Inc. (NASDAQ:ANSS) by 0.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,896 shares of the software maker’s stock after purchasing an additional 192 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in ANSYS were worth $14,470,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Ameliora Wealth Management Ltd. acquired a new position in shares of ANSYS during the fourth quarter worth $27,000. Assetmark Inc. increased its holdings in ANSYS by 468.2% in the 4th 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 shares of ANSYS during the fourth quarter valued at about $47,000. Allworth Financial LP grew its holdings in shares of ANSYS by 33.7% during the fourth quarter. Allworth Financial LP now owns 258 shares of the software maker’s stock worth $92,000 after purchasing an additional 65 shares during the last quarter. Finally, Brooklyn Investment Group acquired a new position in shares of ANSYS in the third quarter valued at approximately $119,000. Institutional investors and hedge funds own 92.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Rosenblatt Securities increased their price objective on ANSYS from $335.00 to $340.00 and gave the company a “neutral” rating in a report on Friday, February 21st. StockNews.com upgraded shares of ANSYS from a “hold” rating to a “buy” rating in a report on Friday, February 21st.

ANSYS Trading Down 0.9 %

NASDAQ ANSS opened at $317.49 on Thursday. The stock has a market capitalization of $27.83 billion, a P/E ratio of 48.47, a P/E/G ratio of 3.48 and a beta of 1.11. ANSYS, Inc. has a one year low of $289.82 and a one year high of $363.03. The business has a 50 day simple moving average of $339.36 and a 200 day simple moving average of $333.58. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.01 and a quick ratio of 3.01.

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 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 return on equity of 12.69% and a net margin of 22.62%. Research analysts expect that ANSYS, Inc. will post 8.32 earnings per share for the current year.

Insider Buying and Selling at ANSYS

In related news, Director Glenda Dorchak sold 200 shares of the firm’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $336.62, for a total value of $67,324.00. Following the transaction, the director now owns 3,430 shares of the company’s stock, valued at approximately $1,154,606.60. This trade represents a 5.51 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.46% of the stock is currently owned by company insiders.

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.