ANSYS, Inc. (NASDAQ:ANSS) Shares Bought by Meiji Yasuda Asset Management Co Ltd.

Meiji Yasuda Asset Management Co Ltd. lifted its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS) by 2.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,298 shares of the software maker’s stock after buying an additional 35 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in ANSYS were worth $438,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ANSS. Congress Wealth Management LLC DE raised its position in ANSYS by 12.9% during the fourth quarter. Congress Wealth Management LLC DE now owns 3,772 shares of the software maker’s stock worth $1,272,000 after acquiring an additional 432 shares during the period. Vanguard Group Inc. lifted its stake in ANSYS by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 10,643,766 shares of the software maker’s stock valued at $3,590,462,000 after buying an additional 78,730 shares in the last quarter. LPL Financial LLC boosted its holdings in ANSYS by 25.7% in the 4th quarter. LPL Financial LLC now owns 12,373 shares of the software maker’s stock worth $4,174,000 after buying an additional 2,533 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in ANSYS during the 4th quarter worth approximately $10,052,000. Finally, Sei Investments Co. raised its holdings in shares of ANSYS by 4.0% during the fourth quarter. Sei Investments Co. now owns 473,848 shares of the software maker’s stock valued at $159,842,000 after acquiring an additional 18,151 shares during the last quarter. Hedge funds and other institutional investors own 92.39% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on ANSS shares. StockNews.com cut ANSYS from a “buy” rating to a “hold” rating in a research report on Friday, March 21st. Rosenblatt Securities upped their target price on shares of ANSYS from $335.00 to $340.00 and gave the stock a “neutral” rating in a report on Friday, February 21st.

ANSYS Price Performance

NASDAQ:ANSS opened at $322.09 on Friday. The stock has a 50 day moving average price of $335.78 and a 200 day moving average price of $334.11. The stock has a market cap of $28.23 billion, a PE ratio of 49.17, a P/E/G ratio of 3.48 and a beta of 1.11. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.01 and a current ratio of 3.01. ANSYS, Inc. has a one year low of $289.82 and a one year high of $363.03.

ANSYS (NASDAQ:ANSS) last announced its quarterly 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 firm had revenue of $882.17 million for the quarter, compared to analyst estimates of $864.46 million. Equities research analysts expect that ANSYS, Inc. will post 8.32 EPS for the current fiscal year.

Insider Transactions at ANSYS

In related news, Director Glenda Dorchak sold 200 shares of the 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 completion of the transaction, the director now directly owns 3,430 shares in the company, valued at approximately $1,154,606.60. This represents a 5.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.46% of the company’s stock.

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.