CANADA LIFE ASSURANCE Co Lowers Position in ANSYS, Inc. (NASDAQ:ANSS)

CANADA LIFE ASSURANCE Co lessened its holdings in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 2.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 88,071 shares of the software maker's stock after selling 1,851 shares during the quarter. CANADA LIFE ASSURANCE Co owned approximately 0.10% of ANSYS worth $29,694,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in ANSS. Norges Bank purchased a new stake in shares of ANSYS during the 4th quarter worth approximately $615,566,000. FIL Ltd boosted its holdings in 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 during the last quarter. Proficio Capital Partners LLC purchased a new position in shares of ANSYS in the 4th quarter valued at $119,140,000. Canada Pension Plan Investment Board grew its position in ANSYS by 303.1% in the fourth quarter. Canada Pension Plan Investment Board now owns 154,549 shares of the software maker's stock valued at $52,134,000 after acquiring an additional 116,207 shares in the last quarter. Finally, National Bank of Canada FI boosted its holdings in ANSYS by 69.4% in the fourth quarter. National Bank of Canada FI now owns 244,390 shares of the software maker's stock valued at $82,440,000 after purchasing an additional 100,111 shares during the last quarter. 92.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on ANSS shares. 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 upgraded shares of ANSYS from a "hold" rating to a "buy" rating in a report on Friday, April 18th.

ANSYS Price Performance

Shares of ANSS stock traded up $2.46 during trading hours on Friday, hitting $318.82. 162,975 shares of the company's stock were exchanged, compared to its average volume of 480,515. ANSYS, Inc. has a 52 week low of $275.06 and a 52 week high of $363.03. The stock's 50-day moving average is $316.61 and its 200-day moving average is $331.86. The stock has a market cap of $27.95 billion, a price-to-earnings ratio of 48.66, a price-to-earnings-growth ratio of 3.48 and a beta of 1.20. 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 - Get Free Report) 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). ANSYS had a net margin of 22.62% and a return on equity of 12.69%. The company had revenue of $882.17 million during the quarter, compared to analyst estimates of $864.46 million. As a group, research analysts forecast that ANSYS, Inc. will post 8.32 EPS for the current year.

Insider Transactions at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the company's stock in a transaction on Monday, April 14th. The stock was sold at an average price of $300.01, for a total transaction of $60,002.00. Following the completion of the sale, the director now directly owns 3,230 shares in the company, valued at $969,032.30. This represents a 5.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.46% of the company's stock.

ANSYS 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.