ANSYS, Inc. (NASDAQ:ANSS) Stock Position Lowered by Thematics Asset Management

Thematics Asset Management reduced its stake in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 22.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 141,790 shares of the software maker's stock after selling 40,130 shares during the period. ANSYS comprises 2.1% of Thematics Asset Management's investment portfolio, making the stock its 6th biggest position. Thematics Asset Management owned approximately 0.16% of ANSYS worth $47,830,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in ANSYS by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 10,643,766 shares of the software maker's stock worth $3,590,462,000 after purchasing an additional 78,730 shares during the period. Geode Capital Management LLC lifted its stake in shares of ANSYS by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 2,363,744 shares of the software maker's stock valued at $796,033,000 after buying an additional 58,190 shares in the last quarter. FIL Ltd grew its stake in ANSYS by 32.5% in the 4th quarter. FIL Ltd now owns 2,086,177 shares of the software maker's stock valued at $703,730,000 after buying an additional 511,557 shares in the last quarter. Capital Research Global Investors bought a new stake in ANSYS during the 4th quarter valued at $695,129,000. Finally, Norges Bank purchased a new stake in shares of ANSYS during the fourth quarter worth $615,566,000. Institutional investors own 92.39% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. StockNews.com upgraded ANSYS from a "hold" rating to a "buy" rating in a research report on Friday, April 18th. Rosenblatt Securities lifted their target price on ANSYS from $335.00 to $340.00 and gave the company a "neutral" rating in a report on Friday, February 21st.

ANSYS Price Performance

Shares of ANSYS stock traded up $3.81 during trading on Friday, hitting $320.17. The stock had a trading volume of 251,789 shares, compared to its average volume of 480,869. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 0.12. ANSYS, Inc. has a 12 month low of $275.06 and a 12 month high of $363.03. The firm has a market cap of $28.06 billion, a price-to-earnings ratio of 48.78, a P/E/G ratio of 3.48 and a beta of 1.20. The business's 50-day moving average is $316.61 and its 200 day moving average is $331.86.

ANSYS (NASDAQ:ANSS - Get Free Report) last announced its earnings results on Wednesday, February 19th. The software maker reported $3.65 earnings per share for the quarter, missing analysts' consensus estimates of $3.97 by ($0.32). The business had revenue of $882.17 million during the quarter, compared to the consensus estimate of $864.46 million. ANSYS had a return on equity of 12.69% and a net margin of 22.62%. As a group, sell-side analysts anticipate that ANSYS, Inc. will post 8.32 earnings per share for the current year.

Insider Activity at ANSYS

In other news, Director Glenda Dorchak sold 200 shares of the firm's stock in a transaction on Monday, April 14th. The shares were sold at an average price of $300.01, for a total transaction of $60,002.00. Following the sale, the director now owns 3,230 shares in the company, valued at approximately $969,032.30. This trade represents a 5.83 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.46% of the stock is currently owned by insiders.

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.