123,016 Shares in ANSYS, Inc. (NASDAQ:ANSS) Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC bought a new position in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 123,016 shares of the software maker's stock, valued at approximately $446,400,000. International Assets Investment Management LLC owned about 0.14% of ANSYS as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of ANSYS by 0.3% during the third quarter. Vanguard Group Inc. now owns 10,028,851 shares of the software maker's stock worth $2,984,085,000 after buying an additional 25,426 shares during the last quarter. State Street Corp lifted its holdings in shares of ANSYS by 2.2% during the second quarter. State Street Corp now owns 3,548,073 shares of the software maker's stock worth $1,171,822,000 after purchasing an additional 76,787 shares during the period. Bamco Inc. NY lifted its holdings in shares of ANSYS by 0.6% during the third quarter. Bamco Inc. NY now owns 2,002,717 shares of the software maker's stock worth $595,908,000 after purchasing an additional 11,774 shares during the period. Geode Capital Management LLC lifted its holdings in shares of ANSYS by 2.1% during the first quarter. Geode Capital Management LLC now owns 1,868,168 shares of the software maker's stock worth $620,366,000 after purchasing an additional 38,946 shares during the period. Finally, Wellington Management Group LLP lifted its holdings in shares of ANSYS by 167.4% during the third quarter. Wellington Management Group LLP now owns 1,286,790 shares of the software maker's stock worth $382,884,000 after purchasing an additional 805,657 shares during the period. Institutional investors own 92.39% of the company's stock.

Insider Activity

In other news, Director Glenda Dorchak sold 200 shares of the business's stock in a transaction dated Monday, January 8th. The shares were sold at an average price of $345.68, for a total transaction of $69,136.00. Following the completion of the sale, the director now directly owns 3,199 shares of the company's stock, valued at $1,105,830.32. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.53% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Mizuho cut their price target on shares of ANSYS from $350.00 to $330.00 and set a "neutral" rating on the stock in a report on Wednesday, January 17th. Barclays lifted their price target on shares of ANSYS from $314.00 to $340.00 and gave the stock an "underweight" rating in a report on Thursday, February 22nd. Rosenblatt Securities reiterated a "neutral" rating and set a $345.00 price target on shares of ANSYS in a report on Tuesday, March 5th. StockNews.com started coverage on shares of ANSYS in a report on Saturday, March 30th. They set a "hold" rating on the stock. Finally, Wolfe Research restated a "peer perform" rating on shares of ANSYS in a report on Wednesday, January 17th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, ANSYS presently has an average rating of "Hold" and an average target price of $322.75.

ANSYS Stock Up 0.2 %

Shares of NASDAQ ANSS traded up $0.69 during trading on Friday, hitting $341.87. 283,554 shares of the company traded hands, compared to its average volume of 443,671. The business's fifty day moving average is $337.70 and its 200 day moving average is $317.94. ANSYS, Inc. has a fifty-two week low of $258.01 and a fifty-two week high of $364.31. The firm has a market capitalization of $29.75 billion, a price-to-earnings ratio of 59.66, a P/E/G ratio of 5.39 and a beta of 1.16. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.30 and a current ratio of 2.30.

ANSYS (NASDAQ:ANSS - Get Free Report) last announced its quarterly earnings data on Wednesday, February 21st. The software maker reported $3.94 earnings per share for the quarter, beating the consensus estimate of $3.71 by $0.23. ANSYS had a net margin of 22.05% and a return on equity of 11.83%. The firm had revenue of $805.10 million for the quarter, compared to analyst estimates of $797.49 million. During the same quarter in the prior year, the business earned $2.61 earnings per share. The business's quarterly revenue was up 15.9% compared to the same quarter last year. Equities research analysts predict that ANSYS, Inc. will post 7.34 earnings per share for the current fiscal 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.