ANSYS, Inc. (NASDAQ:ANSS) Shares Acquired by IFM Investors Pty Ltd

IFM Investors Pty Ltd grew its stake in ANSYS, Inc. (NASDAQ:ANSS) by 2.5% in the third quarter, Holdings Channel reports. The fund owned 18,003 shares of the software maker’s stock after purchasing an additional 434 shares during the period. IFM Investors Pty Ltd’s holdings in ANSYS were worth $5,736,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ANSS. Swedbank AB acquired a new stake in shares of ANSYS during the 1st quarter worth about $128,089,000. M&G Plc acquired a new stake in shares of ANSYS during the 1st quarter worth about $115,922,000. Magnetar Financial LLC acquired a new stake in shares of ANSYS during the 1st quarter worth about $72,797,000. Matrix Capital Management Company LP acquired a new stake in shares of ANSYS during the 1st quarter worth about $50,338,000. Finally, Canada Pension Plan Investment Board increased its position in shares of ANSYS by 1,052.9% during the 1st quarter. Canada Pension Plan Investment Board now owns 99,263 shares of the software maker’s stock worth $34,460,000 after purchasing an additional 90,653 shares during the last quarter. 92.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on ANSS. StockNews.com began coverage on ANSYS in a research report on Sunday, September 22nd. They set a “hold” rating for the company. Rosenblatt Securities lowered their target price on ANSYS from $345.00 to $335.00 and set a “neutral” rating for the company in a report on Tuesday, August 6th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. According to MarketBeat, ANSYS currently has a consensus rating of “Hold” and a consensus price target of $318.33.

Insider Activity

In related news, Director Glenda Dorchak sold 152 shares of the business’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $313.61, for a total transaction of $47,668.72. Following the completion of the sale, the director now owns 3,630 shares in the company, valued at $1,138,404.30. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.46% of the company’s stock.

ANSYS Stock Performance

Shares of ANSS opened at $322.81 on Friday. The stock has a 50-day simple moving average of $320.44 and a 200-day simple moving average of $322.14. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.95 and a current ratio of 2.95. The stock has a market capitalization of $28.18 billion, a PE ratio of 64.82, a PEG ratio of 6.99 and a beta of 1.11. ANSYS, Inc. has a 1 year low of $258.01 and a 1 year high of $364.31.

ANSYS (NASDAQ:ANSS) last announced its quarterly earnings data 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. The business had revenue of $594.14 million during the quarter, compared to analysts’ expectations of $550.30 million. ANSYS had a return on equity of 11.51% and a net margin of 21.30%. The business’s quarterly revenue was up 19.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.06 EPS. On average, analysts predict that ANSYS, Inc. will post 7.32 earnings per share for the current fiscal 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.