ANSYS, Inc. (NASDAQ:ANSS) Holdings Lifted by Kovitz Investment Group Partners LLC

Kovitz Investment Group Partners LLC increased its stake in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 71.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 39,778 shares of the software maker's stock after buying an additional 16,544 shares during the quarter. Kovitz Investment Group Partners LLC's holdings in ANSYS were worth $13,418,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of ANSS. Credit Industriel ET Commercial acquired a new position in shares of ANSYS in the 4th quarter valued at approximately $192,000. Voya Investment Management LLC grew its holdings in ANSYS by 8.3% during the 4th quarter. Voya Investment Management LLC now owns 68,790 shares of the software maker's stock worth $23,205,000 after acquiring an additional 5,263 shares in the last quarter. Integrated Wealth Concepts LLC bought a new stake in shares of ANSYS in the 4th quarter worth about $203,000. Banco Bilbao Vizcaya Argentaria S.A. raised its stake in shares of ANSYS by 2.9% in the 4th quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 11,321 shares of the software maker's stock valued at $3,822,000 after purchasing an additional 321 shares in the last quarter. Finally, Burling Wealth Partners LLC bought a new position in shares of ANSYS during the fourth quarter worth about $457,000. 92.39% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other ANSYS 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 transaction, the director now owns 3,230 shares of the company's stock, valued at approximately $969,032.30. This trade represents a 5.83 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.46% of the stock is currently owned by insiders.

ANSYS Stock Performance

NASDAQ ANSS traded down $0.20 during trading hours on Thursday, reaching $321.69. The company's stock had a trading volume of 537,140 shares, compared to its average volume of 485,108. The stock has a market cap of $28.20 billion, a PE ratio of 49.03, a PEG ratio of 3.48 and a beta of 1.20. ANSYS, Inc. has a 52 week low of $275.06 and a 52 week high of $363.03. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 0.12. The business has a 50-day simple moving average of $315.22 and a 200 day simple moving average of $331.68.

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

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. StockNews.com cut ANSYS from a "buy" rating to a "hold" rating in a research note on Monday. Rosenblatt Securities raised their price objective on ANSYS from $335.00 to $340.00 and gave the stock a "neutral" rating in a research note on Friday, February 21st.

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.