Readystate Asset Management LP Takes $17.02 Million Position in ANSYS, Inc. (NASDAQ:ANSS)

Readystate Asset Management LP bought a new position in shares of ANSYS, Inc. (NASDAQ:ANSS) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 46,900 shares of the software maker’s stock, valued at approximately $17,019,000. Readystate Asset Management LP owned approximately 0.05% of ANSYS as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in ANSS. American Century Companies Inc. boosted its holdings in ANSYS by 12.4% during the first quarter. American Century Companies Inc. now owns 2,254 shares of the software maker’s stock worth $716,000 after buying an additional 248 shares in the last quarter. Panagora Asset Management Inc. lifted its position in shares of ANSYS by 59.0% in the 1st quarter. Panagora Asset Management Inc. now owns 4,430 shares of the software maker’s stock valued at $1,407,000 after acquiring an additional 1,643 shares in the last quarter. Cibc World Market Inc. lifted its position in shares of ANSYS by 7.3% in the 1st quarter. Cibc World Market Inc. now owns 2,323 shares of the software maker’s stock valued at $738,000 after acquiring an additional 158 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of ANSYS by 3.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 301,397 shares of the software maker’s stock valued at $95,742,000 after acquiring an additional 10,284 shares in the last quarter. Finally, Allianz Asset Management GmbH lifted its position in shares of ANSYS by 4.5% in the 1st quarter. Allianz Asset Management GmbH now owns 71,045 shares of the software maker’s stock valued at $22,567,000 after acquiring an additional 3,063 shares in the last quarter. 92.39% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ANSS has been the subject of a number of research analyst reports. Barclays increased their target price on shares of ANSYS from $314.00 to $340.00 and gave the stock an “underweight” rating in a research report on Thursday, February 22nd. Wolfe Research reiterated a “peer perform” rating on shares of ANSYS in a research report on Wednesday, January 17th. StockNews.com initiated coverage on shares of ANSYS in a research report on Monday. They issued a “hold” rating for the company. Mizuho cut their target price on shares of ANSYS from $350.00 to $330.00 and set a “neutral” rating for the company in a research report on Wednesday, January 17th. Finally, Rosenblatt Securities reiterated a “neutral” rating and issued a $345.00 target price on shares of ANSYS in a research report on Tuesday, March 5th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, ANSYS has a consensus rating of “Hold” and an average target price of $322.75.

Insiders Place Their Bets

In other ANSYS news, Director Glenda Dorchak sold 150 shares of the firm’s stock in a transaction on Monday, April 8th. The shares were sold at an average price of $342.08, for a total value of $51,312.00. Following the sale, the director now directly owns 3,049 shares in the company, valued at approximately $1,043,001.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.53% of the company’s stock.

ANSYS Stock Down 0.4 %

Shares of ANSYS stock traded down $1.19 during midday trading on Wednesday, reaching $325.62. 214,321 shares of the company’s stock traded hands, compared to its average volume of 718,683. The company has a market cap of $28.43 billion, a price-to-earnings ratio of 56.83, a price-to-earnings-growth ratio of 5.26 and a beta of 1.16. The company’s 50 day simple moving average is $337.94 and its 200 day simple moving average is $319.97. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.30 and a current ratio of 2.30. ANSYS, Inc. has a 52 week low of $258.01 and a 52 week high of $364.31.

ANSYS (NASDAQ:ANSS) last posted its earnings results on Wednesday, February 21st. The software maker reported $3.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.71 by $0.23. ANSYS had a net margin of 22.05% and a return on equity of 11.83%. The business had revenue of $805.10 million for the quarter, compared to analyst estimates of $797.49 million. During the same period last year, the business posted $2.61 EPS. ANSYS’s revenue was up 15.9% compared to the same quarter last year. Equities analysts expect that ANSYS, Inc. will post 7.24 earnings per share for the current fiscal year.

About ANSYS

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.