USS Investment Management Ltd Cuts Stock Position in ANSYS, Inc. (NASDAQ:ANSS)

USS Investment Management Ltd trimmed its holdings in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 8.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 23,779 shares of the software maker's stock after selling 2,245 shares during the quarter. USS Investment Management Ltd's holdings in ANSYS were worth $8,025,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. grew its position in 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 acquiring an additional 78,730 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of ANSYS by 2.5% during 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 purchasing an additional 58,190 shares during the period. FIL Ltd grew its holdings 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 worth $703,730,000 after purchasing an additional 511,557 shares during the last quarter. Capital Research Global Investors bought a new position in shares of ANSYS in the fourth quarter worth about $695,129,000. Finally, Norges Bank purchased a new position in ANSYS in the 4th quarter worth about $615,566,000. 92.39% of the stock is owned by institutional investors.

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 directly owns 3,230 shares in the company, valued at $969,032.30. This represents a 5.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.61% of the company's stock.

ANSYS Stock Up 1.4%

Shares of ANSS stock traded up $4.92 on Tuesday, hitting $347.09. The stock had a trading volume of 141,606 shares, compared to its average volume of 494,616. ANSYS, Inc. has a one year low of $275.06 and a one year high of $363.03. The business has a 50 day moving average price of $319.74 and a 200 day moving average price of $332.95. The company has a market cap of $30.51 billion, a PE ratio of 52.99, a P/E/G ratio of 3.48 and a beta of 1.21. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.12.

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

Wall Street Analyst Weigh In

ANSS has been the subject of several research reports. Wall Street Zen cut shares of ANSYS from a "buy" rating to a "hold" rating in a research report on Wednesday, May 7th. Rosenblatt Securities lifted their price target on shares of ANSYS from $335.00 to $340.00 and gave the company a "neutral" rating in a research note on Friday, February 21st.

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.