Proficio Capital Partners LLC Makes New $119.14 Million Investment in ANSYS, Inc. (NASDAQ:ANSS)

Proficio Capital Partners LLC purchased a new position in shares of ANSYS, Inc. (NASDAQ:ANSS) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 353,185 shares of the software maker’s stock, valued at approximately $119,140,000. Proficio Capital Partners LLC owned approximately 0.40% of ANSYS as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Nomura Asset Management Co. Ltd. raised its stake in shares of ANSYS by 7.2% in the third quarter. Nomura Asset Management Co. Ltd. now owns 28,351 shares of the software maker’s stock valued at $9,033,000 after acquiring an additional 1,914 shares in the last quarter. Caldwell Investment Management Ltd. acquired a new stake in shares of ANSYS in the third quarter valued at $1,560,000. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of ANSYS by 3.3% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 518,779 shares of the software maker’s stock valued at $165,299,000 after acquiring an additional 16,462 shares in the last quarter. KBC Group NV raised its stake in shares of ANSYS by 20.9% in the third quarter. KBC Group NV now owns 110,928 shares of the software maker’s stock valued at $35,345,000 after acquiring an additional 19,149 shares in the last quarter. Finally, CIBC Asset Management Inc raised its stake in shares of ANSYS by 5.9% in the third quarter. CIBC Asset Management Inc now owns 27,116 shares of the software maker’s stock valued at $8,640,000 after acquiring an additional 1,518 shares in the last quarter. 92.39% of the stock is currently owned by institutional investors and hedge funds.

ANSYS Stock Down 0.6 %

ANSYS stock opened at $330.37 on Friday. ANSYS, Inc. has a 1-year low of $289.82 and a 1-year high of $363.03. 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 stock has a market cap of $28.96 billion, a PE ratio of 50.44, a P/E/G ratio of 3.48 and a beta of 1.12. The stock’s fifty day moving average is $342.14 and its two-hundred day moving average is $333.46.

ANSYS (NASDAQ:ANSS) last issued its quarterly earnings data on Wednesday, February 19th. The software maker reported $3.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.97 by ($0.32). The firm had revenue of $882.17 million for the quarter, compared to analysts’ expectations of $864.46 million. ANSYS had a return on equity of 12.69% and a net margin of 22.62%. On average, sell-side analysts expect that ANSYS, Inc. will post 8.32 EPS for the current fiscal year.

Insiders Place Their Bets

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the firm’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $336.62, for a total transaction of $67,324.00. Following the transaction, the director now owns 3,430 shares of the company’s stock, valued at approximately $1,154,606.60. This trade represents a 5.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on ANSS shares. Robert W. Baird raised their price target on ANSYS from $350.00 to $365.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. StockNews.com upgraded ANSYS from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. Finally, Rosenblatt Securities raised their price target on ANSYS from $335.00 to $340.00 and gave the company a “neutral” rating in a research note on Friday, February 21st.

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.