ANSYS, Inc. (NASDAQ:ANSS) Shares Bought by Lazard Asset Management LLC

Lazard Asset Management LLC boosted its position in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 1.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 314,967 shares of the software maker's stock after purchasing an additional 2,975 shares during the quarter. Lazard Asset Management LLC owned about 0.36% of ANSYS worth $106,247,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of ANSS. Stock Yards Bank & Trust Co. raised its holdings in ANSYS by 1.3% in the fourth quarter. Stock Yards Bank & Trust Co. now owns 2,275 shares of the software maker's stock worth $767,000 after purchasing an additional 30 shares in the last quarter. Greenleaf Trust increased its position in ANSYS by 0.9% during the 4th quarter. Greenleaf Trust now owns 3,651 shares of the software maker's stock valued at $1,232,000 after buying an additional 32 shares in the last quarter. Koshinski Asset Management Inc. raised its stake in ANSYS by 0.8% in the fourth quarter. Koshinski Asset Management Inc. now owns 4,367 shares of the software maker's stock valued at $1,473,000 after buying an additional 34 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. grew its stake in shares of ANSYS by 2.8% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,298 shares of the software maker's stock worth $438,000 after acquiring an additional 35 shares during the last quarter. Finally, BTC Capital Management Inc. increased its holdings in shares of ANSYS by 2.5% during the fourth quarter. BTC Capital Management Inc. now owns 1,499 shares of the software maker's stock valued at $506,000 after acquiring an additional 36 shares in the last quarter. 92.39% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Glenda Dorchak sold 200 shares of ANSYS stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $300.01, for a total value of $60,002.00. Following the completion of the transaction, the director now owns 3,230 shares in the company, valued at $969,032.30. The trade was a 5.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.61% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on ANSS. Rosenblatt Securities boosted their price objective on shares of ANSYS from $335.00 to $340.00 and gave the company a "neutral" rating in a report on Friday, February 21st. StockNews.com lowered ANSYS from a "buy" rating to a "hold" rating in a report on Wednesday, May 7th.

ANSYS Stock Performance

Shares of NASDAQ:ANSS traded up $3.11 during midday trading on Friday, reaching $346.63. The company's stock had a trading volume of 698,889 shares, compared to its average volume of 492,563. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.12. The stock has a fifty day moving average of $316.58 and a 200 day moving average of $332.32. ANSYS, Inc. has a twelve month low of $275.06 and a twelve month high of $363.03. The firm has a market capitalization of $30.47 billion, a PE ratio of 52.92, a P/E/G ratio of 3.48 and a beta of 1.21.

ANSYS (NASDAQ:ANSS - Get Free Report) last issued its earnings results 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 return on equity of 12.69% and a net margin of 22.62%. The company 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 earned $1.39 EPS. The firm's quarterly revenue was up 8.2% compared to the same quarter last year. On average, equities analysts expect that ANSYS, Inc. will post 8.32 EPS for the current fiscal year.

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.