ANSYS, Inc. (NASDAQ:ANSS) Shares Bought by Machina Capital S.A.S.

Machina Capital S.A.S. raised its stake in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 532.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,999 shares of the software maker's stock after buying an additional 6,735 shares during the period. Machina Capital S.A.S.'s holdings in ANSYS were worth $2,532,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Meiji Yasuda Asset Management Co Ltd. grew its holdings in 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 valued at $438,000 after purchasing an additional 35 shares during the period. Personal CFO Solutions LLC increased its holdings in ANSYS by 2.8% in the 1st quarter. Personal CFO Solutions LLC now owns 1,410 shares of the software maker's stock worth $446,000 after acquiring an additional 38 shares in the last quarter. Beverly Hills Private Wealth LLC lifted its holdings in ANSYS by 3.7% during the first quarter. Beverly Hills Private Wealth LLC now owns 1,084 shares of the software maker's stock valued at $343,000 after purchasing an additional 39 shares in the last quarter. Graypoint LLC raised its position in shares of ANSYS by 6.2% during the 1st quarter. Graypoint LLC now owns 673 shares of the software maker's stock worth $213,000 after purchasing an additional 39 shares during the last quarter. Finally, Tsai Capital Corp boosted 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 last quarter. 92.39% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Wall Street Zen lowered ANSYS from a "buy" rating to a "hold" rating in a research note on Wednesday, May 7th. Baird R W lowered shares of ANSYS from a "strong-buy" rating to a "hold" rating in a report on Monday, July 14th. Finally, Robert W. Baird set a $396.00 price target on shares of ANSYS in a research report on Monday, July 14th.

ANSYS Price Performance

NASDAQ:ANSS remained flat at $374.30 on Friday. The stock's fifty day simple moving average is $352.09 and its 200-day simple moving average is $336.24. The firm has a market capitalization of $32.91 billion, a PE ratio of 55.53, a PEG ratio of 4.08 and a beta of 1.19. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.66 and a current ratio of 3.66. ANSYS, Inc. has a 12-month low of $275.06 and a 12-month high of $395.49.

ANSYS (NASDAQ:ANSS - Get Free Report) last issued its quarterly earnings data 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). ANSYS had a return on equity of 12.38% and a net margin of 22.95%. The business had revenue of $504.89 million during the quarter, compared to analysts' expectations of $516.81 million. During the same quarter in the previous year, the company posted $1.39 earnings per share. The company's revenue was up 8.2% on a year-over-year basis. As a group, equities research analysts predict that ANSYS, Inc. will post 8.32 earnings per share for the current 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.