Assenagon Asset Management S.A. Increases Stock Holdings in ANSYS, Inc. (NASDAQ:ANSS)

Assenagon Asset Management S.A. grew its stake in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 6.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,022 shares of the software maker's stock after acquiring an additional 769 shares during the quarter. Assenagon Asset Management S.A.'s holdings in ANSYS were worth $3,806,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Meiji Yasuda Asset Management Co Ltd. raised its holdings in shares of ANSYS by 2.8% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,298 shares of the software maker's stock worth $438,000 after buying an additional 35 shares during the last quarter. Summerhill Capital Management lnc. boosted its position in ANSYS by 0.6% in the fourth quarter. Summerhill Capital Management lnc. now owns 6,139 shares of the software maker's stock valued at $2,071,000 after buying an additional 36 shares during the last quarter. Tsai Capital Corp increased its holdings in ANSYS by 0.5% in the 4th quarter. Tsai Capital Corp now owns 8,945 shares of the software maker's stock worth $3,017,000 after buying an additional 41 shares during the period. First Manhattan CO. LLC. lifted its stake in ANSYS by 1.4% during the 4th quarter. First Manhattan CO. LLC. now owns 3,043 shares of the software maker's stock valued at $1,026,000 after acquiring an additional 43 shares during the period. Finally, SRS Capital Advisors Inc. increased its stake in shares of ANSYS by 1.3% in the fourth quarter. SRS Capital Advisors Inc. now owns 3,577 shares of the software maker's stock worth $1,207,000 after acquiring an additional 46 shares during the period. 92.39% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 200 shares of ANSYS 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. The trade was a 5.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.61% of the stock is owned by insiders.

ANSYS Price Performance

Shares of ANSS stock traded up $0.96 during mid-day trading on Monday, hitting $338.97. 640,239 shares of the stock were exchanged, compared to its average volume of 525,767. 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, Inc. has a 52-week low of $275.06 and a 52-week high of $363.03. The firm has a fifty day moving average of $326.69 and a 200 day moving average of $332.34. The company has a market cap of $29.80 billion, a PE ratio of 51.75, a price-to-earnings-growth ratio of 3.48 and a beta of 1.19.

ANSYS (NASDAQ:ANSS - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The software maker reported $1.64 EPS for the quarter, missing analysts' consensus estimates of $1.75 by ($0.11). ANSYS had a net margin of 22.62% and a return on equity of 12.69%. The business had revenue of $504.89 million during the quarter, compared to analyst estimates of $516.81 million. During the same quarter in the previous year, the company posted $1.39 EPS. The firm's revenue was up 8.2% on a year-over-year basis. Research analysts anticipate that ANSYS, Inc. will post 8.32 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on ANSS. Rosenblatt Securities boosted their price objective on ANSYS from $335.00 to $340.00 and gave the company a "neutral" rating in a report on Friday, February 21st. Wall Street Zen lowered ANSYS from a "buy" rating to a "hold" rating in a research report on Wednesday, May 7th.

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.