Davis R M Inc. Has $13.97 Million Stock Holdings in ANSYS, Inc. (NASDAQ:ANSS)

Davis R M Inc. decreased its position in shares of ANSYS, Inc. (NASDAQ:ANSS) by 51.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 41,402 shares of the software maker’s stock after selling 44,050 shares during the quarter. Davis R M Inc.’s holdings in ANSYS were worth $13,966,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Proficio Capital Partners LLC acquired a new position in shares of ANSYS in the 4th quarter valued at $119,140,000. D1 Capital Partners L.P. acquired a new position in shares of ANSYS in the 3rd quarter valued at $73,345,000. State Street Corp lifted 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 period. JPMorgan Chase & Co. lifted its stake in shares of 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. Finally, CCLA Investment Management lifted its stake in shares of ANSYS by 11.9% in the 4th quarter. CCLA Investment Management now owns 445,891 shares of the software maker’s stock valued at $150,381,000 after purchasing an additional 47,331 shares during the period. Institutional investors and hedge funds own 92.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on ANSS shares. StockNews.com raised ANSYS from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. Rosenblatt Securities upped their price objective 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.

ANSYS Price Performance

ANSS opened at $318.71 on Tuesday. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.12. ANSYS, Inc. has a 12 month low of $289.82 and a 12 month high of $363.03. The company has a fifty day simple moving average of $340.10 and a 200 day simple moving average of $333.72. The stock has a market cap of $27.94 billion, a P/E ratio of 48.66, a P/E/G ratio of 3.48 and a beta of 1.11.

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

Insiders Place Their Bets

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 transaction of $67,324.00. Following the completion of the transaction, the director now owns 3,430 shares in the company, 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 accessible through this link. Corporate insiders own 0.46% of the company’s stock.

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.