BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Buys 6,347 Shares of ANSYS, Inc. (NASDAQ:ANSS)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in ANSYS, Inc. (NASDAQ:ANSS) by 61.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 16,719 shares of the software maker’s stock after acquiring an additional 6,347 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in ANSYS were worth $5,375,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Quest Partners LLC bought a new stake in shares of ANSYS in the fourth quarter worth about $29,000. TD Asset Management Inc increased its stake in ANSYS by 8.5% in the 4th quarter. TD Asset Management Inc now owns 39,714 shares of the software maker’s stock worth $14,411,000 after acquiring an additional 3,100 shares during the last quarter. Treasurer of the State of North Carolina raised its holdings in shares of ANSYS by 11.1% during the 4th quarter. Treasurer of the State of North Carolina now owns 50,703 shares of the software maker’s stock worth $18,399,000 after acquiring an additional 5,055 shares in the last quarter. Evoke Wealth LLC purchased a new stake in shares of ANSYS during the 4th quarter worth approximately $3,032,000. Finally, Bank of Nova Scotia boosted its position in shares of ANSYS by 846.8% during the 4th quarter. Bank of Nova Scotia now owns 76,138 shares of the software maker’s stock valued at $27,629,000 after acquiring an additional 68,096 shares during the last quarter. Hedge funds and other institutional investors own 92.39% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on ANSS. StockNews.com assumed coverage on shares of ANSYS in a research note on Sunday, September 22nd. They set a “hold” rating on the stock. Rosenblatt Securities decreased their target price on shares of ANSYS from $345.00 to $335.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 6th. Finally, KeyCorp started coverage on shares of ANSYS in a report on Thursday, June 27th. They issued a “sector weight” rating for the company. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $318.33.

Insider Activity at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 159 shares of the stock in a transaction on Monday, July 8th. The stock was sold at an average price of $330.81, for a total value of $52,598.79. Following the sale, the director now owns 3,782 shares in the company, valued at $1,251,123.42. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.46% of the stock is owned by company insiders.

ANSYS Price Performance

ANSS stock opened at $324.84 on Friday. The stock has a market cap of $28.39 billion, a PE ratio of 65.23, a P/E/G ratio of 6.89 and a beta of 1.12. ANSYS, Inc. has a 12 month low of $258.01 and a 12 month high of $364.31. The company has a 50-day moving average price of $315.46 and a 200 day moving average price of $324.77. The company has a current ratio of 2.95, a quick ratio of 2.95 and a debt-to-equity ratio of 0.13.

ANSYS (NASDAQ:ANSS) last announced its earnings results on Wednesday, July 31st. The software maker reported $2.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.92 by $0.58. ANSYS had a return on equity of 11.51% and a net margin of 21.30%. The business had revenue of $594.14 million during the quarter, compared to analyst estimates of $550.30 million. During the same quarter in the previous year, the business earned $1.06 earnings per share. The company’s revenue for the quarter was up 19.6% compared to the same quarter last year. Equities research analysts anticipate that ANSYS, Inc. will post 7.32 earnings per share for the current year.

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.