ANSYS, Inc. (NASDAQ:ANSS) Shares Acquired by Ameriprise Financial Inc.

Ameriprise Financial Inc. lifted its position in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 0.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 417,170 shares of the software maker's stock after buying an additional 1,435 shares during the period. Ameriprise Financial Inc. owned about 0.48% of ANSYS worth $140,724,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB bought a new position in shares of ANSYS during the third quarter valued at about $174,000. One Wealth Capital Management LLC purchased a new position in shares of ANSYS during the fourth quarter valued at approximately $226,000. Wealth Enhancement Advisory Services LLC lifted its stake in ANSYS by 2.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 3,219 shares of the software maker's stock worth $1,026,000 after acquiring an additional 72 shares during the period. Graypoint LLC bought a new stake in ANSYS in the fourth quarter valued at $214,000. Finally, Czech National Bank increased its position in ANSYS by 6.5% during the 4th quarter. Czech National Bank now owns 18,961 shares of the software maker's stock valued at $6,396,000 after purchasing an additional 1,160 shares during the period. Institutional investors own 92.39% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on ANSS shares. StockNews.com downgraded ANSYS from a "buy" rating to a "hold" rating in a report on Wednesday. Rosenblatt Securities raised their price target on ANSYS from $335.00 to $340.00 and gave the company a "neutral" rating in a report on Friday, February 21st.

Insider Buying and Selling at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the business's stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $300.01, for a total value of $60,002.00. Following the completion of the transaction, the director now directly owns 3,230 shares in the company, valued at approximately $969,032.30. The trade was a 5.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.46% of the stock is owned by corporate insiders.

ANSYS Trading Down 0.2 %

Shares of ANSYS stock traded down $0.67 on Friday, reaching $333.78. The company had a trading volume of 368,213 shares, compared to its average volume of 486,838. The firm has a market cap of $29.34 billion, a price-to-earnings ratio of 50.96, 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 current ratio of 3.01 and a quick ratio of 3.01. The firm's 50-day moving average price is $314.85 and its two-hundred day moving average price is $331.65. ANSYS, Inc. has a 1 year low of $275.06 and a 1 year 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 the consensus estimate 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 net margin of 22.62% and a return on equity of 12.69%. The company's revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.39 EPS. As a group, research analysts predict that ANSYS, Inc. will post 8.32 earnings per share for the current fiscal 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.