Ameriprise Financial Inc. Buys 1,435 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Ameriprise Financial Inc. raised its position in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 0.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 417,170 shares of the software maker's stock after purchasing an additional 1,435 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.48% of ANSYS worth $140,724,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of ANSS. Wahed Invest LLC increased its stake in ANSYS by 4.3% during the 4th quarter. Wahed Invest LLC now owns 2,209 shares of the software maker's stock valued at $745,000 after purchasing an additional 91 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its holdings in ANSYS by 4.1% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 1,733 shares of the software maker's stock worth $585,000 after acquiring an additional 69 shares during the last quarter. Rehmann Capital Advisory Group boosted its holdings in ANSYS by 6.9% during the 4th quarter. Rehmann Capital Advisory Group now owns 1,110 shares of the software maker's stock worth $374,000 after acquiring an additional 72 shares during the last quarter. Kapitalo Investimentos Ltda purchased a new position in ANSYS during the 4th quarter worth $43,000. Finally, Paloma Partners Management Co boosted its holdings in ANSYS by 17.3% during the 4th quarter. Paloma Partners Management Co now owns 3,415 shares of the software maker's stock worth $1,152,000 after acquiring an additional 504 shares during the last quarter. Institutional investors and hedge funds own 92.39% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on ANSS shares. StockNews.com downgraded shares of ANSYS from a "buy" rating to a "hold" rating in a report on Wednesday, May 7th. Rosenblatt Securities upped their price objective on shares of ANSYS from $335.00 to $340.00 and gave the company a "neutral" rating in a report on Friday, February 21st.

Insiders Place Their Bets

In other ANSYS news, Director Glenda Dorchak sold 200 shares of ANSYS stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $300.01, for a total transaction of $60,002.00. Following the transaction, the director now directly owns 3,230 shares of the company's stock, valued at approximately $969,032.30. This trade represents a 5.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.46% of the company's stock.

ANSYS Price Performance

ANSS traded up $9.04 on Monday, reaching $342.78. The company had a trading volume of 297,339 shares, compared to its average volume of 487,289. The business has a 50 day simple moving average of $314.85 and a 200 day simple moving average of $331.79. The company has a market cap of $30.14 billion, a price-to-earnings ratio of 52.32, a P/E/G 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 52-week low of $275.06 and a 52-week high of $363.03.

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

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.