ANSYS, Inc. (NASDAQ:ANSS) Shares Bought by Cerity Partners LLC

Cerity Partners LLC raised its stake in ANSYS, Inc. (NASDAQ:ANSS) by 426.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,707 shares of the software maker’s stock after purchasing an additional 4,623 shares during the quarter. Cerity Partners LLC’s holdings in ANSYS were worth $2,071,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA boosted its holdings in shares of ANSYS by 7.3% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,195,065 shares of the software maker’s stock valued at $355,592,000 after purchasing an additional 81,457 shares during the last quarter. DekaBank Deutsche Girozentrale raised its stake in shares of ANSYS by 8.2% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 415,424 shares of the software maker’s stock valued at $149,607,000 after acquiring an additional 31,579 shares during the period. US Bancorp DE raised its stake in shares of ANSYS by 3.7% in the 3rd quarter. US Bancorp DE now owns 33,520 shares of the software maker’s stock valued at $9,974,000 after acquiring an additional 1,198 shares during the period. Sei Investments Co. raised its stake in shares of ANSYS by 4.5% in the 3rd quarter. Sei Investments Co. now owns 356,768 shares of the software maker’s stock valued at $106,156,000 after acquiring an additional 15,333 shares during the period. Finally, Morgan Stanley raised its stake in shares of ANSYS by 18.0% in the 3rd quarter. Morgan Stanley now owns 1,010,937 shares of the software maker’s stock valued at $300,805,000 after acquiring an additional 154,325 shares during the period. Institutional investors and hedge funds own 92.39% of the company’s stock.

ANSYS Stock Performance

ANSYS stock opened at $322.11 on Friday. The firm’s fifty day moving average price is $337.12 and its 200 day moving average price is $320.18. The company has a market capitalization of $28.12 billion, a price-to-earnings ratio of 56.21, a price-to-earnings-growth ratio of 5.19 and a beta of 1.16. ANSYS, Inc. has a 12-month low of $258.01 and a 12-month high of $364.31. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.30 and a quick ratio of 2.30.

ANSYS (NASDAQ:ANSS) last issued its earnings results on Wednesday, February 21st. The software maker reported $3.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.71 by $0.23. The business had revenue of $805.10 million for the quarter, compared to analyst estimates of $797.49 million. ANSYS had a net margin of 22.05% and a return on equity of 11.83%. The company’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.61 EPS. On average, research analysts forecast that ANSYS, Inc. will post 7.26 EPS for the current fiscal year.

Insider Activity

In other news, Director Glenda Dorchak sold 150 shares of the company’s stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $342.08, for a total value of $51,312.00. Following the sale, the director now owns 3,049 shares in the company, valued at approximately $1,043,001.92. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.53% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on ANSS. Wolfe Research reissued a “peer perform” rating on shares of ANSYS in a research note on Wednesday, January 17th. StockNews.com began coverage on shares of ANSYS in a research note on Monday, April 15th. They issued a “hold” rating on the stock. Rosenblatt Securities reissued a “neutral” rating and issued a $345.00 target price on shares of ANSYS in a research note on Tuesday, March 5th. Barclays lifted their price target on shares of ANSYS from $314.00 to $340.00 and gave the stock an “underweight” rating in a research note on Thursday, February 22nd. Finally, Mizuho dropped their price target on shares of ANSYS from $350.00 to $330.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 17th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $323.86.

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.