Axa S.A. Reduces Stake in ANSYS, Inc. (NASDAQ:ANSS)

AXA S.A. trimmed its position in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 3.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 232,997 shares of the software maker's stock after selling 7,716 shares during the quarter. AXA S.A. owned approximately 0.27% of ANSYS worth $78,597,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of ANSS. Ameliora Wealth Management Ltd. bought a new position in ANSYS in the fourth quarter valued at about $27,000. Quarry LP raised its position in ANSYS by 1,550.0% in the 4th quarter. Quarry LP now owns 99 shares of the software maker's stock valued at $33,000 after buying an additional 93 shares during the last quarter. Assetmark Inc. increased its stake in ANSYS by 468.2% in the 4th quarter. Assetmark Inc. now owns 125 shares of the software maker's stock valued at $42,000 after buying an additional 103 shares during the last quarter. Millstone Evans Group LLC acquired a new position in shares of ANSYS during the 4th quarter worth about $42,000. Finally, Kapitalo Investimentos Ltda bought a new position in ANSYS in the fourth quarter valued at approximately $43,000. Institutional investors and hedge funds own 92.39% of the company's stock.

Insider Activity at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the 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 transaction, the director now directly owns 3,230 shares of the company's stock, valued at approximately $969,032.30. This represents a 5.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.46% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ANSS. Rosenblatt Securities increased their price target on ANSYS from $335.00 to $340.00 and gave the company a "neutral" rating in a research note on Friday, February 21st. StockNews.com downgraded ANSYS from a "buy" rating to a "hold" rating in a research report on Monday, April 28th.

ANSYS Trading Down 0.7 %

Shares of NASDAQ:ANSS traded down $2.30 during midday trading on Tuesday, reaching $322.59. The company's stock had a trading volume of 276,730 shares, compared to its average volume of 484,121. The firm has a market capitalization of $28.36 billion, a price-to-earnings ratio of 49.25, a PEG ratio of 3.48 and a beta of 1.21. ANSYS, Inc. has a fifty-two week low of $275.06 and a fifty-two week high of $363.03. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.01 and a current ratio of 3.01. The firm has a 50 day moving average price of $314.76 and a two-hundred day moving average price of $331.64.

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

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.