Canada Pension Plan Investment Board Has $52.13 Million Stake in ANSYS, Inc. (NASDAQ:ANSS)

Canada Pension Plan Investment Board grew its position in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 303.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 154,549 shares of the software maker's stock after acquiring an additional 116,207 shares during the period. Canada Pension Plan Investment Board owned about 0.18% of ANSYS worth $52,134,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Ameliora Wealth Management Ltd. purchased a new position in shares of ANSYS in the fourth quarter worth about $27,000. Assetmark Inc. boosted its position in shares of ANSYS by 468.2% during the fourth quarter. Assetmark Inc. now owns 125 shares of the software maker's stock worth $42,000 after buying an additional 103 shares during the period. Millstone Evans Group LLC acquired a new position in ANSYS in the 4th quarter valued at about $42,000. SBI Securities Co. Ltd. purchased a new position in shares of ANSYS in the fourth quarter valued at approximately $47,000. Finally, Allworth Financial LP boosted its position in ANSYS by 33.7% in the 4th quarter. Allworth Financial LP now owns 258 shares of the software maker's stock valued at $92,000 after buying an additional 65 shares during the period. 92.39% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ANSS has been the topic of several analyst reports. Rosenblatt Securities increased their price objective on ANSYS from $335.00 to $340.00 and gave the company a "neutral" rating in a research note 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 Trading Up 2.5 %

Shares of ANSS traded up $7.64 on Thursday, hitting $316.24. 178,283 shares of the stock traded hands, compared to its average volume of 553,339. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $27.72 billion, a P/E ratio of 48.26, a P/E/G ratio of 3.48 and a beta of 1.20. The stock's 50 day moving average is $317.06 and its two-hundred day moving average is $331.83. 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 issued its quarterly earnings results on Wednesday, February 19th. The software maker reported $3.65 EPS 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 business had revenue of $882.17 million during the quarter, compared to analysts' expectations of $864.46 million. As a group, sell-side analysts predict that ANSYS, Inc. will post 8.32 earnings per share for the current year.

Insider Activity 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 transaction of $60,002.00. Following the sale, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.46% of the stock is currently owned by 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.