T. Rowe Price Investment Management Inc. Has $19.76 Million Holdings in ANSYS, Inc. (NASDAQ:ANSS)

T. Rowe Price Investment Management Inc. raised its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 144.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 58,563 shares of the software maker's stock after buying an additional 34,590 shares during the period. T. Rowe Price Investment Management Inc. owned about 0.07% of ANSYS worth $19,756,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ANSS. Wilmington Savings Fund Society FSB purchased a new stake in ANSYS in the 3rd quarter worth approximately $174,000. Destination Wealth Management raised its holdings in shares of ANSYS by 1.7% during the 3rd quarter. Destination Wealth Management now owns 69,296 shares of the software maker's stock valued at $22,080,000 after purchasing an additional 1,147 shares in the last quarter. Tidal Investments LLC raised its holdings in shares of ANSYS by 5.0% during the 3rd quarter. Tidal Investments LLC now owns 10,841 shares of the software maker's stock valued at $3,454,000 after purchasing an additional 520 shares in the last quarter. Oddo BHF Asset Management Sas bought a new position in shares of ANSYS during the 3rd quarter valued at $7,966,000. Finally, JPMorgan Chase & Co. raised its holdings in shares of ANSYS by 34.9% during 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. Institutional investors and hedge funds own 92.39% of the company's stock.

Insider Buying and Selling at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the company's stock in a transaction that occurred on Monday, April 14th. The stock was 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 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 legal filing with the SEC, which is available at this link. Insiders own 0.46% of the company's stock.

ANSYS Stock Performance

Shares of NASDAQ ANSS traded up $1.82 during trading hours on Tuesday, hitting $319.82. 576,984 shares of the company's stock were exchanged, compared to its average volume of 483,763. ANSYS, Inc. has a 1-year low of $275.06 and a 1-year high of $363.03. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.01 and a quick ratio of 3.01. The stock has a market capitalization of $28.03 billion, a price-to-earnings ratio of 48.83, a PEG ratio of 3.48 and a beta of 1.20. The company's 50-day moving average price is $315.46 and its 200-day moving average price is $331.75.

ANSYS (NASDAQ:ANSS - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The software maker reported $3.65 earnings per share for the quarter, missing the consensus estimate of $3.97 by ($0.32). ANSYS had a return on equity of 12.69% and a net margin of 22.62%. The business had revenue of $882.17 million for the quarter, compared to analyst estimates of $864.46 million. On average, sell-side analysts expect that ANSYS, Inc. will post 8.32 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Rosenblatt Securities raised their price target on shares of ANSYS from $335.00 to $340.00 and gave the company a "neutral" rating in a report on Friday, February 21st. StockNews.com downgraded shares of ANSYS from a "buy" rating to a "hold" rating in a report on Monday.

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.