Natixis Advisors LLC Raises Stake in ANSYS, Inc. (NASDAQ:ANSS)

Natixis Advisors LLC grew its position in ANSYS, Inc. (NASDAQ:ANSS) by 9.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 76,976 shares of the software maker’s stock after purchasing an additional 6,832 shares during the quarter. Natixis Advisors LLC owned approximately 0.09% of ANSYS worth $25,966,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Proficio Capital Partners LLC purchased a new stake in ANSYS during the fourth quarter worth approximately $119,140,000. D1 Capital Partners L.P. purchased a new stake in shares of ANSYS during the 3rd quarter worth approximately $73,345,000. State Street Corp boosted its holdings in shares of ANSYS by 3.0% in the 3rd quarter. State Street Corp now owns 3,703,249 shares of the software maker’s stock valued at $1,179,966,000 after buying an additional 106,187 shares in the last quarter. JPMorgan Chase & Co. grew its position 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 buying an additional 100,042 shares during the last quarter. Finally, CCLA Investment Management raised its stake in ANSYS by 11.9% during the 4th quarter. CCLA Investment Management now owns 445,891 shares of the software maker’s stock worth $150,381,000 after acquiring an additional 47,331 shares in the last quarter. 92.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on ANSS shares. StockNews.com upgraded shares of ANSYS from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. Rosenblatt Securities increased their price objective on ANSYS from $335.00 to $340.00 and gave the company a “neutral” rating in a report on Friday, February 21st.

Insider Activity

In related news, Director Glenda Dorchak sold 200 shares of the firm’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $336.62, for a total value of $67,324.00. Following the completion of the sale, the director now owns 3,430 shares in the company, valued at $1,154,606.60. This trade represents a 5.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.46% of the company’s stock.

ANSYS Stock Performance

NASDAQ ANSS opened at $324.95 on Tuesday. ANSYS, Inc. has a 52-week low of $289.82 and a 52-week high of $363.03. The business’s 50-day moving average price is $338.41 and its 200 day moving average price is $333.76. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.12. The firm has a market cap of $28.48 billion, a P/E ratio of 49.61, a P/E/G ratio of 3.48 and a beta of 1.11.

ANSYS (NASDAQ:ANSS) last released its quarterly earnings results on Wednesday, February 19th. The software maker reported $3.65 EPS for the quarter, missing the consensus estimate of $3.97 by ($0.32). The company had revenue of $882.17 million for the quarter, compared to analysts’ expectations of $864.46 million. ANSYS had a return on equity of 12.69% and a net margin of 22.62%. On average, equities research analysts expect 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.