Charles Schwab Investment Management Inc. Buys 12,389 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Charles Schwab Investment Management Inc. boosted its stake in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 2.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 495,808 shares of the software maker's stock after buying an additional 12,389 shares during the period. Charles Schwab Investment Management Inc. owned 0.57% of ANSYS worth $179,919,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ANSS. Vanguard Group Inc. boosted its stake in ANSYS by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 10,028,851 shares of the software maker's stock worth $2,984,085,000 after purchasing an additional 25,426 shares during the period. Bamco Inc. NY lifted its position in ANSYS by 0.6% in the 3rd quarter. Bamco Inc. NY now owns 2,002,717 shares of the software maker's stock worth $595,908,000 after buying an additional 11,774 shares in the last quarter. Wellington Management Group LLP lifted its position in ANSYS by 167.4% in the 3rd quarter. Wellington Management Group LLP now owns 1,286,790 shares of the software maker's stock worth $382,884,000 after buying an additional 805,657 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its position in ANSYS by 3.8% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,265,371 shares of the software maker's stock worth $376,511,000 after buying an additional 46,628 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its position in ANSYS by 7.3% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,195,065 shares of the software maker's stock worth $355,592,000 after buying an additional 81,457 shares in the last quarter. 92.39% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on ANSS shares. Barclays raised their price target on shares of ANSYS from $314.00 to $340.00 and gave the company an "underweight" rating in a report on Thursday, February 22nd. Rosenblatt Securities restated a "neutral" rating and set a $345.00 price target on shares of ANSYS in a report on Friday, May 3rd. Wolfe Research restated a "peer perform" rating on shares of ANSYS in a report on Wednesday, January 17th. 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. Finally, StockNews.com assumed coverage on shares of ANSYS in a report on Thursday. They issued a "hold" rating on the stock. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, ANSYS presently has a consensus rating of "Hold" and a consensus target price of $320.00.

ANSYS Trading Up 0.3 %

Shares of ANSYS stock traded up $1.00 on Friday, hitting $328.25. 219,870 shares of the company's stock traded hands, compared to its average volume of 653,786. The firm's 50-day moving average price is $334.80 and its two-hundred day moving average price is $323.18. The stock has a market capitalization of $28.66 billion, a PE ratio of 65.71, a price-to-earnings-growth ratio of 5.01 and a beta of 1.16. ANSYS, Inc. has a one year low of $258.01 and a one year high of $364.31. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.80 and a quick ratio of 2.80.

ANSYS (NASDAQ:ANSS - Get Free Report) last issued its earnings results on Wednesday, May 1st. The software maker reported $1.39 EPS for the quarter, missing the consensus estimate of $1.93 by ($0.54). The business had revenue of $466.60 million for the quarter, compared to the consensus estimate of $549.85 million. ANSYS had a net margin of 19.51% and a return on equity of 10.45%. The business's revenue was down 8.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.45 EPS. On average, research analysts expect that ANSYS, Inc. will post 7.39 EPS for the current fiscal year.

Insider Activity at ANSYS

In related news, Director Glenda Dorchak sold 150 shares of the company's 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 completion of the sale, the director now owns 3,049 shares in the company, valued at approximately $1,043,001.92. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.46% of the stock is owned by corporate insiders.

About ANSYS

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.