ANSYS, Inc. (NASDAQ:ANSS) Shares Acquired by Bank Julius Baer & Co. Ltd Zurich

Bank Julius Baer & Co. Ltd Zurich lifted its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS) by 3.7% during the 4th quarter, Holdings Channel.com reports. The fund owned 4,971 shares of the software maker’s stock after buying an additional 179 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in ANSYS were worth $1,851,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in ANSS. Proficio Capital Partners LLC acquired a new stake in shares of ANSYS during the 4th quarter worth about $119,140,000. D1 Capital Partners L.P. purchased a new position in ANSYS during the 3rd quarter worth approximately $73,345,000. State Street Corp grew its stake in ANSYS by 3.0% during the 3rd quarter. State Street Corp now owns 3,703,249 shares of the software maker’s stock worth $1,179,966,000 after buying an additional 106,187 shares during the last quarter. JPMorgan Chase & Co. grew its stake in ANSYS by 34.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 386,708 shares of the software maker’s stock worth $123,217,000 after buying an additional 100,042 shares during the last quarter. Finally, CCLA Investment Management grew 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 buying an additional 47,331 shares during the last quarter. Institutional investors and hedge funds own 92.39% of the company’s stock.

ANSYS Trading Up 0.1 %

Shares of ANSS stock opened at $325.61 on Monday. The business’s 50 day moving average is $340.49 and its two-hundred day moving average is $333.76. ANSYS, Inc. has a twelve month low of $289.82 and a twelve month high of $363.03. The company has a market capitalization of $28.54 billion, a P/E ratio of 49.71, a price-to-earnings-growth ratio of 3.48 and a beta of 1.11. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 0.12.

ANSYS (NASDAQ:ANSS) last announced its earnings results 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 net margin of 22.62% and a return on equity of 12.69%. The company had revenue of $882.17 million during the quarter, compared to analysts’ expectations of $864.46 million. Equities analysts forecast that ANSYS, Inc. will post 8.32 EPS for the current year.

Insider Buying and Selling at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 200 shares of ANSYS stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $336.62, for a total value of $67,324.00. Following the transaction, the director now directly owns 3,430 shares in the company, valued at approximately $1,154,606.60. This trade represents a 5.51 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.46% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. StockNews.com upgraded ANSYS from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. Rosenblatt Securities raised their price target on ANSYS from $335.00 to $340.00 and gave the stock a “neutral” rating in a research note on Friday, February 21st.

ANSYS 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.