ANSYS, Inc. (NASDAQ:ANSS) Shares Acquired by E Fund Management Co. Ltd.

E Fund Management Co. Ltd. grew its stake in ANSYS, Inc. (NASDAQ:ANSS) by 42.1% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,000 shares of the software maker’s stock after acquiring an additional 1,185 shares during the quarter. E Fund Management Co. Ltd.’s holdings in ANSYS were worth $1,266,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Tokio Marine Asset Management Co. Ltd. increased its stake in shares of ANSYS by 8.8% in the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 2,603 shares of the software maker’s stock worth $824,000 after acquiring an additional 211 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of ANSYS in the 1st quarter worth $51,000. S Bank Fund Management Ltd acquired a new stake in shares of ANSYS in the 1st quarter worth $235,000. National Pension Service increased its stake in shares of ANSYS by 6.8% in the 1st quarter. National Pension Service now owns 137,780 shares of the software maker’s stock worth $43,616,000 after acquiring an additional 8,774 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its stake in shares of ANSYS by 25.5% in the 1st quarter. Russell Investments Group Ltd. now owns 144,539 shares of the software maker’s stock worth $45,757,000 after acquiring an additional 29,337 shares during the last quarter. 92.39% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ANSS. Robert W. Baird set a $396.00 target price on ANSYS in a research note on Monday, July 14th. Wall Street Zen cut ANSYS from a “buy” rating to a “hold” rating in a report on Wednesday, May 7th. Finally, Baird R W cut ANSYS from a “strong-buy” rating to a “hold” rating in a report on Monday, July 14th.

ANSYS Stock Performance

Shares of ANSYS stock opened at $374.30 on Thursday. The business has a 50-day moving average of $361.35 and a 200 day moving average of $338.71. ANSYS, Inc. has a 12 month low of $275.06 and a 12 month high of $395.49. The stock has a market capitalization of $32.91 billion, a price-to-earnings ratio of 55.53, a price-to-earnings-growth ratio of 4.08 and a beta of 1.19. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.66 and a quick ratio of 3.66.

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.