Axa S.A. Decreases Stock Holdings in ANSYS, Inc. (NASDAQ:ANSS)

AXA S.A. lowered its position in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 3.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 232,997 shares of the software maker's stock after selling 7,716 shares during the period. AXA S.A. owned 0.27% of ANSYS worth $78,597,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of ANSYS by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 10,643,766 shares of the software maker's stock valued at $3,590,462,000 after acquiring an additional 78,730 shares in the last quarter. Geode Capital Management LLC boosted its stake in ANSYS by 2.5% in the fourth 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 lifted its stake in shares of 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 acquiring an additional 511,557 shares during the last quarter. Capital Research Global Investors acquired a new stake in ANSYS during the 4th quarter worth approximately $695,129,000. Finally, Norges Bank acquired a new position in ANSYS during the 4th quarter worth about $615,566,000. 92.39% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on ANSS shares. StockNews.com lowered shares of ANSYS from a "buy" rating to a "hold" rating in a report on Wednesday. Rosenblatt Securities raised their target price on ANSYS from $335.00 to $340.00 and gave the stock a "neutral" rating in a research note on Friday, February 21st.

ANSYS Stock Up 2.8 %

Shares of ANSS stock traded up $9.22 on Thursday, reaching $335.22. 404,265 shares of the company were exchanged, compared to its average volume of 483,587. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.01 and a quick ratio of 3.01. The company has a 50-day moving average of $314.46 and a 200-day moving average of $331.54. The company has a market cap of $29.47 billion, a price-to-earnings ratio of 51.18, a PEG ratio of 3.48 and a beta of 1.21. ANSYS, Inc. has a one year low of $275.06 and a one year high of $363.03.

ANSYS (NASDAQ:ANSS - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The software maker reported $1.64 EPS for the quarter, missing analysts' consensus estimates of $1.75 by ($0.11). ANSYS had a net margin of 22.62% and a return on equity of 12.69%. The firm had revenue of $504.89 million during the quarter, compared to analyst estimates of $516.81 million. During the same period last year, the business posted $1.39 EPS. The company's revenue was up 8.2% on a year-over-year basis. Analysts anticipate that ANSYS, Inc. will post 8.32 earnings per share for the current year.

Insider Buying and Selling at ANSYS

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

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.