PFG Advisors Boosts Stake in ANSYS, Inc. (NASDAQ:ANSS)

PFG Advisors boosted its position in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 38.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,812 shares of the software maker's stock after buying an additional 4,381 shares during the period. PFG Advisors' holdings in ANSYS were worth $5,005,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of ANSYS by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 10,643,766 shares of the software maker's stock valued at $3,590,462,000 after buying an additional 78,730 shares during the last quarter. Geode Capital Management LLC boosted its position in ANSYS by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 2,363,744 shares of the software maker's stock worth $796,033,000 after purchasing an additional 58,190 shares during the period. FIL Ltd lifted its holdings in shares of 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 buying an additional 511,557 shares during the last quarter. Capital Research Global Investors acquired a new position in shares of ANSYS in the fourth quarter valued at $695,129,000. Finally, Norges Bank acquired a new position in ANSYS during the fourth quarter worth $615,566,000. Institutional investors and hedge funds own 92.39% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Wall Street Zen cut ANSYS from a "buy" rating to a "hold" rating in a report on Wednesday, May 7th. Baird R W lowered ANSYS from a "strong-buy" rating to a "hold" rating in a research note 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

ANSS opened at $374.30 on Tuesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.66 and a current ratio of 3.66. The stock has a market capitalization of $32.91 billion, a PE ratio of 55.53, a price-to-earnings-growth ratio of 4.08 and a beta of 1.19. ANSYS, Inc. has a 52-week low of $275.06 and a 52-week high of $395.49. The stock's 50 day moving average price is $349.27 and its 200-day moving average price is $334.99.

ANSYS (NASDAQ:ANSS - Get Free Report) last released its earnings results on Wednesday, April 30th. The software maker reported $1.64 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.75 by ($0.11). The business had revenue of $504.89 million for the quarter, compared to analysts' expectations of $516.81 million. ANSYS had a return on equity of 12.38% and a net margin of 22.95%. ANSYS's quarterly revenue was up 8.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.39 EPS. On average, equities research analysts predict that ANSYS, Inc. will post 8.32 EPS for the current year.

About ANSYS

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.

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