Stephens Investment Management Group LLC Has $23.68 Million Position in ANSYS, Inc. (NASDAQ:ANSS)

Stephens Investment Management Group LLC increased its stake in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 3.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 74,804 shares of the software maker's stock after acquiring an additional 2,468 shares during the period. Stephens Investment Management Group LLC owned approximately 0.09% of ANSYS worth $23,680,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. increased its holdings in ANSYS by 0.7% in the fourth 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 increased its holdings in ANSYS by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 2,363,744 shares of the software maker's stock valued at $796,033,000 after buying an additional 58,190 shares during the last quarter. FIL Ltd increased its holdings in ANSYS by 32.5% in the fourth quarter. FIL Ltd now owns 2,086,177 shares of the software maker's stock valued at $703,730,000 after buying an additional 511,557 shares during the last quarter. Capital Research Global Investors purchased a new position in ANSYS in the fourth quarter valued at $695,129,000. Finally, Norges Bank purchased a new position in ANSYS in the fourth quarter valued at $615,566,000. 92.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

ANSYS Stock Performance

NASDAQ ANSS traded down $4.87 on Thursday, hitting $387.85. The stock had a trading volume of 18,893,200 shares, compared to its average volume of 631,415. ANSYS, Inc. has a one year low of $275.06 and a one year high of $395.49. The company has a quick ratio of 3.66, a current ratio of 3.66 and a debt-to-equity ratio of 0.12. The stock has a market cap of $34.10 billion, a price-to-earnings ratio of 57.54, a P/E/G ratio of 3.85 and a beta of 1.19. The company's 50-day moving average is $348.46 and its two-hundred day moving average is $334.75.

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 12.38% and a net margin of 22.95%. The business had revenue of $504.89 million for the quarter, compared to the consensus estimate of $516.81 million. During the same quarter in the previous year, the business posted $1.39 earnings per share. The company's quarterly revenue was up 8.2% on a year-over-year basis. On average, analysts expect 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.