Aviva PLC Purchases 68,198 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Aviva PLC raised its position in shares of ANSYS, Inc. (NASDAQ:ANSS) by 91.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 142,944 shares of the software maker’s stock after acquiring an additional 68,198 shares during the period. Aviva PLC owned approximately 0.16% of ANSYS worth $48,219,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank bought a new stake in ANSYS during the 4th quarter valued at approximately $615,566,000. Proficio Capital Partners LLC acquired a new stake in shares of ANSYS in the fourth quarter worth $119,140,000. State Street Corp increased its position in ANSYS by 3.0% during the third quarter. State Street Corp now owns 3,703,249 shares of the software maker’s stock worth $1,179,966,000 after acquiring an additional 106,187 shares during the period. National Bank of Canada FI raised its stake in ANSYS by 69.4% during the 4th quarter. National Bank of Canada FI now owns 244,390 shares of the software maker’s stock valued at $82,440,000 after purchasing an additional 100,111 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in ANSYS by 34.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 386,708 shares of the software maker’s stock valued at $123,217,000 after purchasing an additional 100,042 shares during the period. 92.39% of the stock is owned by institutional investors and hedge funds.

ANSYS Price Performance

NASDAQ:ANSS opened at $286.85 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.01 and a current ratio of 3.01. The company has a 50-day moving average of $330.70 and a 200-day moving average of $334.09. ANSYS, Inc. has a 52 week low of $285.93 and a 52 week high of $363.03. The company has a market capitalization of $25.14 billion, a price-to-earnings ratio of 43.79, a PEG ratio of 3.48 and a beta of 1.20.

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

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at ANSYS

In other news, Director Glenda Dorchak sold 200 shares of the company’s stock in a transaction dated Monday, January 13th. The shares were 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 approximately $1,154,606.60. This represents a 5.51 % decrease in their position. 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 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.