KLP Kapitalforvaltning AS Invests $10.05 Million in ANSYS, Inc. (NASDAQ:ANSS)

KLP Kapitalforvaltning AS acquired a new stake in ANSYS, Inc. (NASDAQ:ANSS) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 29,799 shares of the software maker’s stock, valued at approximately $10,052,000.

Several other institutional investors have also added to or reduced their stakes in the company. State Street Corp increased its stake in shares of ANSYS by 3.0% in the 3rd quarter. State Street Corp now owns 3,703,249 shares of the software maker’s stock valued at $1,179,966,000 after purchasing an additional 106,187 shares during the last quarter. Geode Capital Management LLC raised its stake in ANSYS by 1.7% during the third quarter. Geode Capital Management LLC now owns 2,305,554 shares of the software maker’s stock worth $732,672,000 after acquiring an additional 37,577 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of ANSYS by 1.3% in the fourth quarter. Principal Financial Group Inc. now owns 570,525 shares of the software maker’s stock worth $192,456,000 after acquiring an additional 7,098 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of ANSYS by 4.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 553,193 shares of the software maker’s stock valued at $186,609,000 after purchasing an additional 21,051 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of ANSYS by 1.3% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 525,565 shares of the software maker’s stock valued at $177,289,000 after purchasing an additional 6,786 shares during the last quarter. 92.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Insider Activity

In related news, Director Glenda Dorchak sold 200 shares of the company’s 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 sale, the director now directly owns 3,430 shares in the company, valued at $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 available at this hyperlink. Insiders own 0.46% of the company’s stock.

ANSYS Stock Up 0.5 %

NASDAQ:ANSS opened at $325.73 on Tuesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.01 and a quick ratio of 3.01. ANSYS, Inc. has a one year low of $289.82 and a one year high of $363.03. The firm’s 50 day simple moving average is $336.88 and its 200 day simple moving average is $334.12. The company has a market cap of $28.55 billion, a PE ratio of 49.73, a P/E/G ratio of 3.48 and a beta of 1.11.

ANSYS (NASDAQ:ANSS) last issued its quarterly earnings data 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). The business had revenue of $882.17 million during the quarter, compared to the consensus estimate of $864.46 million. ANSYS had a return on equity of 12.69% and a net margin of 22.62%. On average, research analysts anticipate that ANSYS, Inc. will post 8.32 earnings per share for the current year.

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.