Westpac Banking Corp Buys 17,029 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Westpac Banking Corp boosted its stake in shares of ANSYS, Inc. (NASDAQ:ANSS – Get Rating) by 259.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 23,587 shares of the software maker’s stock after acquiring an additional 17,029 shares during the quarter. Westpac Banking Corp’s holdings in ANSYS were worth $9,461,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. MFA Wealth Advisors LLC bought a new position in shares of ANSYS in the 3rd quarter valued at about $26,000. Emerald Advisers LLC bought a new position in shares of ANSYS in the 4th quarter valued at about $26,000. Assetmark Inc. boosted its stake in shares of ANSYS by 3,900.0% in the 3rd quarter. Assetmark Inc. now owns 80 shares of the software maker’s stock valued at $27,000 after purchasing an additional 78 shares during the last quarter. Liberty Wealth Management LLC boosted its stake in shares of ANSYS by 322.2% in the 3rd quarter. Liberty Wealth Management LLC now owns 76 shares of the software maker’s stock valued at $28,000 after purchasing an additional 58 shares during the last quarter. Finally, JFS Wealth Advisors LLC acquired a new stake in shares of ANSYS in the 4th quarter valued at approximately $43,000. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

In other ANSYS news, SVP Shane Emswiler sold 5,989 shares of the business’s stock in a transaction dated Friday, February 18th. The stock was sold at an average price of $309.58, for a total transaction of $1,854,074.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.63% of the stock is currently owned by insiders.

Several analysts have commented on ANSS shares. Royal Bank of Canada dropped their target price on shares of ANSYS from $425.00 to $350.00 and set a “sector perform” rating on the stock in a report on Friday, February 25th. Barclays dropped their target price on shares of ANSYS from $305.00 to $260.00 in a report on Friday, February 25th. StockNews.com started coverage on shares of ANSYS in a report on Thursday, March 31st. They set a “hold” rating on the stock. Credit Suisse Group dropped their target price on shares of ANSYS from $437.00 to $389.00 and set an “outperform” rating on the stock in a report on Friday, February 25th. Finally, Robert W. Baird downgraded shares of ANSYS from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $419.00 to $405.00 in a report on Thursday, January 6th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, ANSYS currently has a consensus rating of “Hold” and an average target price of $325.00.

ANSS opened at $275.69 on Friday. ANSYS, Inc. has a fifty-two week low of $258.00 and a fifty-two week high of $413.89. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.10 and a current ratio of 2.10. The company has a market capitalization of $23.99 billion, a P/E ratio of 53.53, a P/E/G ratio of 3.40 and a beta of 1.26. The stock has a fifty day moving average of $303.47 and a 200-day moving average of $347.17.

ANSYS (NASDAQ:ANSS – Get Rating) last posted its earnings results on Wednesday, February 23rd. The software maker reported $2.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.27 by $0.14. The company had revenue of $661.36 million during the quarter, compared to the consensus estimate of $645.40 million. ANSYS had a return on equity of 11.87% and a net margin of 23.84%. The company’s revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the firm earned $2.48 earnings per share. On average, equities research analysts predict that ANSYS, Inc. will post 6.29 earnings per share for the current fiscal year.

ANSYS Profile (Get Rating)

ANSYS, Inc develops and markets engineering simulation software and services worldwide. It offers ANSYS Workbench, a framework upon which its multiphysics engineering simulation technologies are built and enables engineers to simulate the interactions between structures, heat transfer, fluids, electronics, and optical elements in a unified engineering simulation environment; high-performance computing product suite; power analysis and optimization software suite that manages the power budget, power delivery integrity, and power-induced noise in an electronic design; and structural analysis product suite that provides simulation tools for product design and optimization.

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