Charles Schwab Investment Management Inc. Raises Position in ANSYS, Inc. (NASDAQ:ANSS)

Charles Schwab Investment Management Inc. increased its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS) by 2.6% during the 4th quarter, Holdings Channel reports. The institutional investor owned 495,808 shares of the software maker’s stock after purchasing an additional 12,389 shares during the period. Charles Schwab Investment Management Inc.’s holdings in ANSYS were worth $179,919,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Verdence Capital Advisors LLC raised its position in shares of ANSYS by 1.7% in the 4th quarter. Verdence Capital Advisors LLC now owns 2,071 shares of the software maker’s stock valued at $752,000 after purchasing an additional 35 shares during the last quarter. Wealth Alliance increased its holdings in shares of ANSYS by 2.4% in the fourth quarter. Wealth Alliance now owns 1,523 shares of the software maker’s stock valued at $553,000 after purchasing an additional 36 shares during the period. Perigon Wealth Management LLC increased its holdings in ANSYS by 2.7% in the 3rd quarter. Perigon Wealth Management LLC now owns 1,544 shares of the software maker’s stock worth $459,000 after buying an additional 40 shares during the period. Ballentine Partners LLC raised its position in ANSYS by 4.2% during the 4th quarter. Ballentine Partners LLC now owns 1,038 shares of the software maker’s stock worth $377,000 after buying an additional 42 shares during the last quarter. Finally, Balentine LLC lifted its stake in ANSYS by 2.4% during the 3rd quarter. Balentine LLC now owns 2,067 shares of the software maker’s stock valued at $615,000 after acquiring an additional 49 shares during the period. 92.39% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ANSS has been the topic of a number of research reports. Mizuho cut their price objective on shares of ANSYS from $350.00 to $330.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 17th. Rosenblatt Securities reaffirmed a “neutral” rating and set a $345.00 target price on shares of ANSYS in a report on Friday, May 3rd. Wolfe Research restated a “peer perform” rating on shares of ANSYS in a research report on Wednesday, January 17th. StockNews.com assumed coverage on shares of ANSYS in a research note on Thursday. They issued a “hold” rating for the company. Finally, Barclays increased their price target on shares of ANSYS from $314.00 to $340.00 and gave the stock an “underweight” rating in a report on Thursday, February 22nd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $320.00.

ANSYS Trading Up 0.1 %

Shares of NASDAQ:ANSS opened at $327.25 on Friday. The firm has a market capitalization of $28.57 billion, a price-to-earnings ratio of 65.71, a price-to-earnings-growth ratio of 5.01 and a beta of 1.16. The business’s 50 day moving average price is $334.80 and its 200-day moving average price is $323.18. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.80 and a quick ratio of 2.80. ANSYS, Inc. has a 1 year low of $258.01 and a 1 year high of $364.31.

ANSYS (NASDAQ:ANSS) last posted its quarterly earnings data on Wednesday, May 1st. The software maker reported $1.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.93 by ($0.54). ANSYS had a return on equity of 10.45% and a net margin of 19.51%. The firm had revenue of $466.60 million during the quarter, compared to analyst estimates of $549.85 million. During the same quarter in the previous year, the firm posted $1.45 earnings per share. The company’s quarterly revenue was down 8.4% on a year-over-year basis. On average, equities research analysts forecast that ANSYS, Inc. will post 7.39 earnings per share for the current fiscal year.

Insider Transactions at ANSYS

In related news, Director Glenda Dorchak sold 150 shares of the stock in a transaction on Monday, April 8th. The stock was sold at an average price of $342.08, for a total value of $51,312.00. Following the completion of the transaction, the director now directly owns 3,049 shares of the company’s stock, valued at approximately $1,043,001.92. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate 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.