NFJ Investment Group LLC decreased its stake in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 2.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,729 shares of the software maker's stock after selling 1,145 shares during the period. NFJ Investment Group LLC's holdings in ANSYS were worth $13,064,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of the company. Stock Yards Bank & Trust Co. grew its stake in ANSYS by 1.3% in the fourth quarter. Stock Yards Bank & Trust Co. now owns 2,275 shares of the software maker's stock worth $767,000 after purchasing an additional 30 shares during the period. Greenleaf Trust grew its position in ANSYS by 0.9% during the 4th quarter. Greenleaf Trust now owns 3,651 shares of the software maker's stock valued at $1,232,000 after purchasing an additional 32 shares during the last quarter. Koshinski Asset Management Inc. grew its holdings in shares of ANSYS by 0.8% during the fourth quarter. Koshinski Asset Management Inc. now owns 4,367 shares of the software maker's stock valued at $1,473,000 after buying an additional 34 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. lifted its position in ANSYS by 2.8% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,298 shares of the software maker's stock valued at $438,000 after acquiring an additional 35 shares in the last quarter. Finally, BTC Capital Management Inc. boosted its position in shares of ANSYS by 2.5% during the fourth quarter. BTC Capital Management Inc. now owns 1,499 shares of the software maker's stock valued at $506,000 after buying an additional 36 shares during the last quarter. Institutional investors and hedge funds own 92.39% of the company's stock.
Insider Buying and Selling
In other ANSYS news, Director Glenda Dorchak sold 200 shares of the firm's stock in a transaction dated 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 directly owns 3,230 shares of the company's stock, valued at $969,032.30. This trade represents a 5.83 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.46% of the company's stock.
ANSYS Stock Performance
Shares of NASDAQ:ANSS traded down $6.81 on Monday, hitting $295.93. 78,301 shares of the company were exchanged, compared to its average volume of 477,483. The stock's 50 day moving average price is $319.11 and its 200 day moving average price is $332.32. The firm has a market capitalization of $25.94 billion, a P/E ratio of 45.18, a price-to-earnings-growth ratio of 3.48 and a beta of 1.20. ANSYS, Inc. has a 1-year low of $275.06 and a 1-year high of $363.03. 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 (NASDAQ:ANSS - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The software maker reported $3.65 earnings per share for the quarter, missing the consensus estimate of $3.97 by ($0.32). ANSYS had a net margin of 22.62% and a return on equity of 12.69%. The business had revenue of $882.17 million during the quarter, compared to analysts' expectations of $864.46 million. Sell-side analysts predict that ANSYS, Inc. will post 8.32 EPS for the current year.
Wall Street Analyst Weigh In
Several analysts recently commented on the company. StockNews.com raised ANSYS from a "hold" rating to a "buy" rating in a report on Friday. Rosenblatt Securities lifted their price objective on ANSYS from $335.00 to $340.00 and gave the company a "neutral" rating in a research report on Friday, February 21st.
View Our Latest Report on ANSS
ANSYS Company Profile
(
Free Report)
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.
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