Comerica Bank Sells 917 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Comerica Bank reduced its position in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 0.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 318,546 shares of the software maker's stock after selling 917 shares during the quarter. Comerica Bank owned 0.36% of ANSYS worth $107,455,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of ANSYS by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 10,643,766 shares of the software maker's stock valued at $3,590,462,000 after purchasing an additional 78,730 shares during the last quarter. Geode Capital Management LLC raised its stake in 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 purchasing an additional 58,190 shares during the last quarter. FIL Ltd lifted its stake in shares of ANSYS by 32.5% in the fourth 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 during the period. Capital Research Global Investors acquired a new stake in shares of ANSYS during the 4th quarter worth approximately $695,129,000. Finally, Norges Bank bought a new stake in ANSYS in the 4th quarter valued at $615,566,000. Institutional investors and hedge funds own 92.39% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on ANSS shares. StockNews.com cut ANSYS from a "buy" rating to a "hold" rating in a report on Monday, April 28th. Rosenblatt Securities upped their price objective on shares of ANSYS from $335.00 to $340.00 and gave the stock a "neutral" rating in a research note on Friday, February 21st.

ANSYS Trading Down 0.2 %

Shares of ANSS stock traded down $0.72 on Monday, reaching $328.05. 158,577 shares of the stock were exchanged, compared to its average volume of 557,210. ANSYS, Inc. has a one year low of $275.06 and a one year high of $363.03. 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 stock has a market cap of $28.84 billion, a PE ratio of 50.09, a P/E/G ratio of 3.48 and a beta of 1.21. The stock has a 50 day moving average price of $314.90 and a 200 day moving average price of $331.66.

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

Insider Buying and Selling at ANSYS

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

About ANSYS

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.