Toronto Dominion Bank Has $16.66 Million Position in ANSYS, Inc. (NASDAQ:ANSS)

Toronto Dominion Bank grew its position in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 3.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 49,378 shares of the software maker's stock after acquiring an additional 1,603 shares during the period. Toronto Dominion Bank owned about 0.06% of ANSYS worth $16,657,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in ANSS. Capital Research Global Investors purchased a new stake in ANSYS during the fourth quarter worth about $695,129,000. Norges Bank acquired a new position in ANSYS during the fourth quarter worth approximately $615,566,000. FIL Ltd increased its position in ANSYS by 32.5% during the fourth quarter. FIL Ltd now owns 2,086,177 shares of the software maker's stock worth $703,730,000 after purchasing an additional 511,557 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in ANSYS during the fourth quarter worth approximately $119,140,000. Finally, Raiffeisen Bank International AG purchased a new stake in ANSYS during the fourth quarter worth approximately $48,253,000. Hedge funds and other institutional investors own 92.39% of the company's stock.

Insider Activity at ANSYS

In other news, Director Glenda Dorchak sold 200 shares of the firm'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 completion of the transaction, the director now owns 3,230 shares in the company, valued at approximately $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 accessible through this link. 0.61% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on ANSS shares. Wall Street Zen downgraded shares of ANSYS from a "buy" rating to a "hold" rating in a research note on Wednesday, May 7th. Rosenblatt Securities increased their price objective on shares of ANSYS from $335.00 to $340.00 and gave the company a "neutral" rating in a research note on Friday, February 21st.

ANSYS Stock Performance

Shares of NASDAQ:ANSS traded up $2.06 on Friday, reaching $330.80. 2,766,267 shares of the company's stock were exchanged, compared to its average volume of 516,516. The firm has a market capitalization of $29.08 billion, a price-to-earnings ratio of 50.50, a PEG ratio of 3.48 and a beta of 1.21. ANSYS, Inc. has a fifty-two week low of $275.06 and a fifty-two week high of $363.03. The business's 50-day moving average is $320.38 and its two-hundred day moving average is $332.92. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.12.

ANSYS (NASDAQ:ANSS - Get Free Report) last issued 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). ANSYS had a return on equity of 12.69% and a net margin of 22.62%. The business had revenue of $504.89 million for the quarter, compared to analyst estimates of $516.81 million. During the same period last year, the company posted $1.39 earnings per share. The firm's revenue for the quarter was up 8.2% on a year-over-year basis. As a group, equities research analysts forecast that ANSYS, Inc. will post 8.32 EPS for the current year.

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.