DSM Capital Partners LLC Takes Position in ANSYS, Inc. (NASDAQ:ANSS)

DSM Capital Partners LLC bought a new stake in shares of ANSYS, Inc. (NASDAQ:ANSS) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 93 shares of the software maker’s stock, valued at approximately $34,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ANSS. Private Advisor Group LLC lifted its holdings in ANSYS by 0.8% in the third quarter. Private Advisor Group LLC now owns 6,451 shares of the software maker’s stock valued at $1,919,000 after acquiring an additional 53 shares during the period. Nomura Asset Management Co. Ltd. boosted its stake in shares of ANSYS by 0.3% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 23,897 shares of the software maker’s stock worth $7,111,000 after acquiring an additional 63 shares in the last quarter. Signaturefd LLC grew its position in shares of ANSYS by 19.6% during the 3rd quarter. Signaturefd LLC now owns 1,760 shares of the software maker’s stock valued at $524,000 after acquiring an additional 288 shares during the period. NBC Securities Inc. acquired a new position in ANSYS in the 3rd quarter worth about $81,000. Finally, Ieq Capital LLC boosted its position in ANSYS by 18.8% during the third quarter. Ieq Capital LLC now owns 2,819 shares of the software maker’s stock worth $839,000 after purchasing an additional 447 shares in the last quarter. 92.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ANSS has been the subject of a number of recent analyst reports. StockNews.com initiated coverage on ANSYS in a research report on Saturday. They issued a “hold” rating for the company. Barclays lifted their price objective on ANSYS from $314.00 to $340.00 and gave the stock an “underweight” rating in a report on Thursday, February 22nd. Finally, Rosenblatt Securities reissued a “neutral” rating and set a $345.00 target price on shares of ANSYS in a report on Friday, May 3rd. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, ANSYS currently has a consensus rating of “Hold” and a consensus price target of $320.00.

ANSYS Price Performance

ANSS traded up $2.93 during trading on Friday, reaching $331.11. The company’s stock had a trading volume of 300,299 shares, compared to its average volume of 434,660. The company has a quick ratio of 2.80, a current ratio of 2.80 and a debt-to-equity ratio of 0.14. The firm has a fifty day simple moving average of $333.41 and a two-hundred day simple moving average of $327.46. The company has a market cap of $28.91 billion, a price-to-earnings ratio of 66.49, a PEG ratio of 7.26 and a beta of 1.16. ANSYS, Inc. has a 1 year low of $258.01 and a 1 year high of $364.31.

ANSYS (NASDAQ:ANSS) last released its quarterly earnings data on Wednesday, May 1st. The software maker reported $1.39 earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $549.85 million. During the same period last year, the firm posted $1.45 EPS. The business’s quarterly revenue was down 8.4% on a year-over-year basis. As a group, analysts anticipate that ANSYS, Inc. will post 7.16 EPS for the current year.

Insider Activity at ANSYS

In other news, Director Glenda Dorchak sold 150 shares of the firm’s stock in a transaction that occurred on 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 owns 3,049 shares in the company, valued at approximately $1,043,001.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.46% of the stock is currently owned by insiders.

ANSYS Company 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.