Price T Rowe Associates Inc. MD Acquires 73,508 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Price T Rowe Associates Inc. MD increased its position in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 57.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 201,945 shares of the software maker's stock after acquiring an additional 73,508 shares during the quarter. Price T Rowe Associates Inc. MD owned about 0.23% of ANSYS worth $68,124,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Ameliora Wealth Management Ltd. bought a new position in ANSYS in the fourth quarter worth $27,000. Assetmark Inc. lifted its holdings in shares of ANSYS by 468.2% during the 4th quarter. Assetmark Inc. now owns 125 shares of the software maker's stock worth $42,000 after acquiring an additional 103 shares during the period. Millstone Evans Group LLC acquired a new stake in shares of ANSYS during the 4th quarter valued at about $42,000. SBI Securities Co. Ltd. bought a new stake in ANSYS in the fourth quarter valued at about $47,000. Finally, Allworth Financial LP raised its position in ANSYS by 33.7% in the fourth quarter. Allworth Financial LP now owns 258 shares of the software maker's stock worth $92,000 after purchasing an additional 65 shares in the last quarter. Institutional investors and hedge funds own 92.39% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on ANSS shares. Rosenblatt Securities increased their target price on ANSYS from $335.00 to $340.00 and gave the stock a "neutral" rating in a report on Friday, February 21st. StockNews.com lowered ANSYS from a "buy" rating to a "hold" rating in a research note on Monday.

Insider Buying and Selling at ANSYS

In related news, Director Glenda Dorchak sold 200 shares of the business's stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $300.01, for a total value of $60,002.00. Following the completion of the transaction, the director now owns 3,230 shares in the company, valued at $969,032.30. The trade was a 5.83 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.46% of the company's stock.

ANSYS Price Performance

Shares of NASDAQ:ANSS traded down $2.15 during trading on Thursday, reaching $319.73. The stock had a trading volume of 875,014 shares, compared to its average volume of 486,304. The stock has a market capitalization of $28.02 billion, a PE ratio of 48.81, a P/E/G ratio of 3.48 and a beta of 1.20. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.01 and a quick ratio of 3.01. ANSYS, Inc. has a 52 week low of $275.06 and a 52 week high of $363.03. The business's 50-day moving average price is $315.22 and its 200 day moving average price is $331.68.

ANSYS (NASDAQ:ANSS - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The software maker reported $1.64 EPS for the quarter, missing analysts' consensus estimates of $1.75 by ($0.11). ANSYS had a return on equity of 12.69% and a net margin of 22.62%. The business had revenue of $504.89 million during the quarter, compared to analyst estimates of $516.81 million. During the same period in the prior year, the firm posted $1.39 EPS. ANSYS's revenue for the quarter was up 8.2% compared to the same quarter last year. As a group, equities analysts predict that ANSYS, Inc. will post 8.32 earnings per share for the current year.

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.