Point72 Asia Singapore Pte. Ltd. Buys New Position in ANSYS, Inc. (NASDAQ:ANSS)

Point72 Asia Singapore Pte. Ltd. bought a new stake in ANSYS, Inc. (NASDAQ:ANSS - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 12,535 shares of the software maker's stock, valued at approximately $4,228,000. ANSYS comprises approximately 1.1% of Point72 Asia Singapore Pte. Ltd.'s investment portfolio, making the stock its 16th largest holding.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of ANSYS by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 10,643,766 shares of the software maker's stock valued at $3,590,462,000 after acquiring an additional 78,730 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of ANSYS by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 2,363,744 shares of the software maker's stock valued at $796,033,000 after acquiring an additional 58,190 shares in the last quarter. FIL Ltd lifted its position in shares of ANSYS by 32.5% in the fourth quarter. FIL Ltd now owns 2,086,177 shares of the software maker's stock valued at $703,730,000 after acquiring an additional 511,557 shares in the last quarter. Capital Research Global Investors purchased a new stake in shares of ANSYS in the fourth quarter valued at $695,129,000. Finally, Norges Bank purchased a new stake in shares of ANSYS in the fourth quarter valued at $615,566,000. Institutional investors and hedge funds own 92.39% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Rosenblatt Securities increased their target price on ANSYS from $335.00 to $340.00 and gave the stock a "neutral" rating in a research report on Friday, February 21st. StockNews.com downgraded ANSYS from a "buy" rating to a "hold" rating in a research report on Wednesday, May 7th.

ANSYS Trading Up 0.9%

NASDAQ ANSS traded up $3.11 during trading hours on Friday, hitting $346.63. 698,889 shares of the company's stock were exchanged, compared to its average volume of 493,424. The business's 50 day moving average is $317.11 and its 200-day moving average is $332.47. The firm has a market capitalization of $30.47 billion, a P/E ratio of 52.92, a price-to-earnings-growth ratio of 3.48 and a beta of 1.21. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.01 and a current ratio of 3.01. ANSYS, Inc. has a 12-month low of $275.06 and a 12-month high of $363.03.

ANSYS (NASDAQ:ANSS - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The software maker reported $1.64 EPS for the quarter, missing analysts' consensus estimates of $1.75 by ($0.11). The firm had revenue of $504.89 million during the quarter, compared to analysts' expectations of $516.81 million. ANSYS had a return on equity of 12.69% and a net margin of 22.62%. The business's revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter last year, the business earned $1.39 earnings per share. As a group, analysts anticipate that ANSYS, Inc. will post 8.32 EPS for the current fiscal year.

Insider Transactions at ANSYS

In other news, Director Glenda Dorchak sold 200 shares of the firm's stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $300.01, for a total value of $60,002.00. Following the transaction, the director now directly owns 3,230 shares in the company, valued at $969,032.30. This trade represents a 5.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.61% 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.