Bank Julius Baer & Co. Ltd Zurich Raises Stake in ANSYS, Inc. (NASDAQ:ANSS)

Bank Julius Baer & Co. Ltd Zurich raised its stake in ANSYS, Inc. (NASDAQ:ANSS) by 3.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,971 shares of the software maker’s stock after buying an additional 179 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in ANSYS were worth $1,851,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Stock Yards Bank & Trust Co. grew its holdings in ANSYS by 1.3% in the 4th quarter. Stock Yards Bank & Trust Co. now owns 2,275 shares of the software maker’s stock valued at $767,000 after buying an additional 30 shares in the last quarter. Greenleaf Trust grew its holdings in ANSYS by 0.9% in the 4th quarter. Greenleaf Trust now owns 3,651 shares of the software maker’s stock valued at $1,232,000 after buying an additional 32 shares in the last quarter. Koshinski Asset Management Inc. grew its holdings in shares of ANSYS by 0.8% during the 4th quarter. Koshinski Asset Management Inc. now owns 4,367 shares of the software maker’s stock worth $1,473,000 after purchasing an additional 34 shares during the period. BTC Capital Management Inc. grew its holdings in shares of ANSYS by 2.5% during the 4th quarter. BTC Capital Management Inc. now owns 1,499 shares of the software maker’s stock worth $506,000 after purchasing an additional 36 shares during the period. Finally, Summerhill Capital Management lnc. grew its holdings in shares of ANSYS by 0.6% during the 4th quarter. Summerhill Capital Management lnc. now owns 6,139 shares of the software maker’s stock worth $2,071,000 after purchasing an additional 36 shares during the period. 92.39% of the stock is currently owned by hedge funds and other institutional investors.

ANSYS Price Performance

ANSS stock opened at $325.61 on Monday. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.01 and a quick ratio of 3.01. The firm has a market capitalization of $28.54 billion, a P/E ratio of 49.71, a P/E/G ratio of 3.48 and a beta of 1.11. The business’s 50-day moving average is $340.49 and its two-hundred day moving average is $333.76. ANSYS, Inc. has a 1 year low of $289.82 and a 1 year high of $363.03.

ANSYS (NASDAQ:ANSS) last posted its quarterly earnings results on Wednesday, February 19th. The software maker reported $3.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.97 by ($0.32). The company had revenue of $882.17 million during the quarter, compared to analyst estimates of $864.46 million. ANSYS had a net margin of 22.62% and a return on equity of 12.69%. Analysts anticipate that ANSYS, Inc. will post 8.32 earnings per share for the current fiscal year.

Insider Buying and Selling at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $336.62, for a total value of $67,324.00. Following the sale, the director now owns 3,430 shares of the company’s stock, valued at $1,154,606.60. This trade represents a 5.51 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.46% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on ANSS shares. Rosenblatt Securities increased their price target on ANSYS from $335.00 to $340.00 and gave the stock a “neutral” rating in a report on Friday, February 21st. StockNews.com raised ANSYS from a “hold” rating to a “buy” rating in a research note on Friday, February 21st.

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.