Vestmark Advisory Solutions Inc. Increases Position in ANSYS, Inc. (NASDAQ:ANSS)

Vestmark Advisory Solutions Inc. lifted its holdings in ANSYS, Inc. (NASDAQ:ANSS) by 3.1% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,815 shares of the software maker’s stock after buying an additional 359 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in ANSYS were worth $4,287,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ANSS. Wellington Management Group LLP raised its holdings in shares of ANSYS by 167.4% in the 3rd quarter. Wellington Management Group LLP now owns 1,286,790 shares of the software maker’s stock worth $382,884,000 after purchasing an additional 805,657 shares during the period. Alecta Tjanstepension Omsesidigt bought a new stake in ANSYS during the 4th quarter valued at $145,144,000. Comerica Bank raised its holdings in ANSYS by 1,922.9% during the 3rd quarter. Comerica Bank now owns 329,577 shares of the software maker’s stock valued at $98,066,000 after acquiring an additional 313,285 shares during the period. Morgan Stanley raised its holdings in ANSYS by 18.0% during 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. Finally, California Public Employees Retirement System raised its holdings in ANSYS by 76.0% during the 3rd quarter. California Public Employees Retirement System now owns 346,120 shares of the software maker’s stock valued at $102,988,000 after acquiring an additional 149,496 shares during the period. Hedge funds and other institutional investors own 92.39% of the company’s stock.

ANSYS Price Performance

NASDAQ:ANSS traded up $4.99 during midday trading on Friday, hitting $319.52. The company had a trading volume of 578,961 shares, compared to its average volume of 373,307. ANSYS, Inc. has a 52-week low of $258.01 and a 52-week high of $364.31. The stock’s fifty day moving average price is $336.00 and its 200-day moving average price is $322.00. The company has a market capitalization of $27.89 billion, a PE ratio of 64.16, a P/E/G ratio of 4.93 and a beta of 1.16. The company has a quick ratio of 2.30, a current ratio of 2.80 and a debt-to-equity ratio of 0.14.

ANSYS (NASDAQ:ANSS) last announced its earnings results on Wednesday, May 1st. The software maker reported $1.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.93 by ($0.54). ANSYS had a return on equity of 10.45% and a net margin of 19.51%. The company had revenue of $466.60 million during the quarter, compared to analysts’ expectations of $549.85 million. During the same quarter last year, the firm posted $1.45 earnings per share. The firm’s revenue was down 8.4% on a year-over-year basis. As a group, research analysts expect that ANSYS, Inc. will post 7.39 earnings per share for the current year.

Insider Buying and Selling

In other ANSYS 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 transaction of $51,312.00. Following the completion of the sale, the director now directly owns 3,049 shares in the company, valued at $1,043,001.92. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.46% of the stock is owned by company insiders.

Analyst Ratings Changes

ANSS has been the topic of a number of analyst reports. Wolfe Research reissued a “peer perform” rating on shares of ANSYS in a report on Wednesday, January 17th. Barclays upped their price target on shares of ANSYS from $314.00 to $340.00 and gave the stock an “underweight” rating in a report on Thursday, February 22nd. StockNews.com initiated coverage on shares of ANSYS in a report on Wednesday. They issued a “hold” rating on the stock. Mizuho decreased their price target on shares of ANSYS from $350.00 to $330.00 and set a “neutral” rating on the stock in a report on Wednesday, January 17th. Finally, Rosenblatt Securities reaffirmed a “neutral” rating and issued a $345.00 price target on shares of ANSYS in a report on Friday. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, ANSYS currently has a consensus rating of “Hold” and a consensus price target of $320.00.

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.