International Assets Investment Management LLC Purchases Shares of 123,016 ANSYS, Inc. (NASDAQ:ANSS)

International Assets Investment Management LLC bought a new position in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 123,016 shares of the software maker's stock, valued at approximately $446,400,000. ANSYS comprises about 1.4% of International Assets Investment Management LLC's portfolio, making the stock its 3rd largest holding. International Assets Investment Management LLC owned 0.14% of ANSYS at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of ANSS. First Merchants Corp boosted its holdings in shares of ANSYS by 66.2% in the fourth quarter. First Merchants Corp now owns 7,834 shares of the software maker's stock valued at $2,843,000 after acquiring an additional 3,119 shares in the last quarter. Nisa Investment Advisors LLC increased its position in ANSYS by 1.6% during the 4th quarter. Nisa Investment Advisors LLC now owns 43,601 shares of the software maker's stock worth $15,822,000 after purchasing an additional 707 shares during the period. DekaBank Deutsche Girozentrale raised its stake in shares of ANSYS by 8.2% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 415,424 shares of the software maker's stock worth $149,607,000 after buying an additional 31,579 shares in the last quarter. Prime Capital Investment Advisors LLC acquired a new stake in shares of ANSYS in the 4th quarter valued at approximately $200,000. Finally, Arkadios Wealth Advisors boosted its stake in shares of ANSYS by 1.6% in the fourth quarter. Arkadios Wealth Advisors now owns 3,717 shares of the software maker's stock valued at $1,349,000 after buying an additional 58 shares in the last quarter. 92.39% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other ANSYS news, Director Glenda Dorchak sold 150 shares of ANSYS stock in a transaction on Monday, April 8th. The shares were sold at an average price of $342.08, for a total value of $51,312.00. Following the transaction, the director now owns 3,049 shares in the company, valued at approximately $1,043,001.92. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.46% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Barclays boosted their target price on shares of ANSYS from $314.00 to $340.00 and gave the stock an "underweight" rating in a research report on Thursday, February 22nd. Mizuho decreased their price target on ANSYS from $350.00 to $330.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 17th. Rosenblatt Securities reaffirmed a "neutral" rating and issued a $345.00 price objective on shares of ANSYS in a research note on Friday. Wolfe Research reissued a "peer perform" rating on shares of ANSYS in a report on Wednesday, January 17th. Finally, StockNews.com initiated coverage on ANSYS in a research report on Wednesday. They issued a "hold" rating for the company. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $320.00.

ANSYS Trading Up 1.6 %

Shares of ANSYS stock traded up $4.99 during mid-day trading on Friday, hitting $319.52. 578,960 shares of the stock were exchanged, compared to its average volume of 675,745. The stock has a market capitalization of $27.89 billion, a price-to-earnings ratio of 64.16, a price-to-earnings-growth ratio of 5.04 and a beta of 1.16. ANSYS, Inc. has a twelve month low of $258.01 and a twelve month high of $364.31. The company has a current ratio of 2.30, a quick ratio of 2.30 and a debt-to-equity ratio of 0.14. The company has a 50-day simple moving average of $336.00 and a 200 day simple moving average of $322.00.

ANSYS (NASDAQ:ANSS - Get Free Report) last issued its quarterly earnings results on Wednesday, May 1st. The software maker reported $1.39 earnings per share for the quarter, missing the consensus estimate of $1.93 by ($0.54). ANSYS had a net margin of 19.51% and a return on equity of 10.61%. The business had revenue of $466.60 million during the quarter, compared to analyst estimates of $549.85 million. During the same quarter last year, the firm posted $1.45 earnings per share. The company's revenue was down 8.4% on a year-over-year basis. Research analysts forecast that ANSYS, Inc. will post 7.39 EPS 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.