abrdn plc Has $24.14 Million Stake in ANSYS, Inc. (NASDAQ:ANSS)

abrdn plc lifted its holdings in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 32.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 66,516 shares of the software maker's stock after buying an additional 16,391 shares during the quarter. abrdn plc owned approximately 0.08% of ANSYS worth $24,137,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Beaumont Financial Advisors LLC acquired a new position in shares of ANSYS in the 4th quarter worth approximately $216,000. Fidelis Capital Partners LLC acquired a new stake in ANSYS in the fourth quarter valued at approximately $258,000. Ninety One North America Inc. lifted its stake in ANSYS by 49.3% in the fourth quarter. Ninety One North America Inc. now owns 29,863 shares of the software maker's stock valued at $10,837,000 after acquiring an additional 9,863 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt lifted its stake in ANSYS by 1.5% in the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 5,333 shares of the software maker's stock valued at $1,935,000 after acquiring an additional 77 shares during the last quarter. Finally, GraniteShares Advisors LLC acquired a new stake in ANSYS in the fourth quarter valued at approximately $712,000. 92.39% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on ANSS. Barclays lifted their target price on shares of ANSYS from $314.00 to $340.00 and gave the company an "underweight" rating in a research note on Thursday, February 22nd. Mizuho reduced their price objective on shares of ANSYS from $350.00 to $330.00 and set a "neutral" rating for the company in a research note on Wednesday, January 17th. StockNews.com began coverage on shares of ANSYS in a research note on Tuesday. They issued a "hold" rating for the company. Rosenblatt Securities restated a "neutral" rating and issued a $345.00 price objective on shares of ANSYS in a research note on Tuesday, March 5th. Finally, Wolfe Research restated a "peer perform" rating on shares of ANSYS in a research note on Wednesday, January 17th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, ANSYS has a consensus rating of "Hold" and a consensus target price of $323.86.

ANSYS Stock Performance

ANSS stock traded up $2.60 on Wednesday, reaching $328.57. 218,841 shares of the company were exchanged, compared to its average volume of 689,562. ANSYS, Inc. has a 12 month low of $258.01 and a 12 month high of $364.31. The stock's fifty day moving average price is $336.83 and its 200 day moving average price is $321.07. The firm has a market capitalization of $28.68 billion, a PE ratio of 56.69, a PEG ratio of 5.09 and a beta of 1.16. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.30 and a quick ratio of 2.30.

ANSYS (NASDAQ:ANSS - Get Free Report) last announced its earnings results on Wednesday, February 21st. The software maker reported $3.94 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.71 by $0.23. The business had revenue of $805.10 million for the quarter, compared to analyst estimates of $797.49 million. ANSYS had a net margin of 22.05% and a return on equity of 11.83%. ANSYS's revenue was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.61 earnings per share. On average, research analysts anticipate that ANSYS, Inc. will post 7.39 EPS for the current fiscal year.

Insider Buying and Selling at ANSYS

In other news, Director Glenda Dorchak sold 150 shares of the company's stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $342.08, for a total value of $51,312.00. Following the sale, the director now owns 3,049 shares of the company's stock, valued at approximately $1,043,001.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.53% of the company's stock.

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.