Northern Trust Corp Grows Stock Holdings in ANSYS, Inc. (NASDAQ:ANSS)

Northern Trust Corp boosted its position in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 14.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,043,975 shares of the software maker's stock after purchasing an additional 135,400 shares during the period. Northern Trust Corp owned about 1.19% of ANSYS worth $352,164,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. FNY Investment Advisers LLC grew its holdings in ANSYS by 78.7% during the 4th quarter. FNY Investment Advisers LLC now owns 6,037 shares of the software maker's stock valued at $2,036,000 after buying an additional 2,659 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of ANSYS by 34.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 386,708 shares of the software maker's stock valued at $123,217,000 after purchasing an additional 100,042 shares in the last quarter. Oak Thistle LLC purchased a new position in shares of ANSYS in the fourth quarter worth about $255,000. Ulland Investment Advisors LLC lifted its position in ANSYS by 107.6% in the fourth quarter. Ulland Investment Advisors LLC now owns 2,635 shares of the software maker's stock valued at $889,000 after purchasing an additional 1,366 shares during the last quarter. Finally, CCLA Investment Management raised its holdings in ANSYS by 11.9% during the 4th quarter. CCLA Investment Management now owns 445,891 shares of the software maker's stock valued at $150,381,000 after buying an additional 47,331 shares during the last quarter. Hedge funds and other institutional investors own 92.39% of the company's stock.

ANSYS Stock Down 0.9 %

Shares of ANSS traded down $2.77 during trading hours on Tuesday, hitting $322.12. The company had a trading volume of 120,670 shares, compared to its average volume of 483,365. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.01 and a current ratio of 3.01. The stock has a market capitalization of $28.32 billion, a price-to-earnings ratio of 49.18, a P/E/G ratio of 3.48 and a beta of 1.21. ANSYS, Inc. has a 52-week low of $275.06 and a 52-week high of $363.03. The firm has a fifty day moving average price of $314.76 and a 200-day moving average price of $331.64.

ANSYS (NASDAQ:ANSS - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The software maker reported $1.64 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.75 by ($0.11). ANSYS had a net margin of 22.62% and a return on equity of 12.69%. The business had revenue of $504.89 million for the quarter, compared to the consensus estimate of $516.81 million. During the same period in the previous year, the company earned $1.39 earnings per share. The company's revenue for the quarter was up 8.2% compared to the same quarter last year. On average, equities research analysts forecast that ANSYS, Inc. will post 8.32 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on ANSS shares. StockNews.com cut ANSYS from a "buy" rating to a "hold" rating in a report on Monday, April 28th. Rosenblatt Securities lifted their price target on ANSYS from $335.00 to $340.00 and gave the company a "neutral" rating in a research report on Friday, February 21st.

Insider Buying and Selling at ANSYS

In other news, Director Glenda Dorchak sold 200 shares of the company's stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $300.01, for a total transaction of $60,002.00. Following the completion of the sale, the director now owns 3,230 shares of the company's stock, valued at $969,032.30. This represents a 5.83 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.46% of the company's stock.

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.