ANSYS, Inc. (NASDAQ:ANSS) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp decreased its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 4.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 705,077 shares of the software maker's stock after selling 29,505 shares during the quarter. Bank of New York Mellon Corp owned about 0.80% of ANSYS worth $223,199,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Quarry LP boosted its position in shares of ANSYS by 1,550.0% in the 4th quarter. Quarry LP now owns 99 shares of the software maker's stock worth $33,000 after purchasing an additional 93 shares in the last quarter. NBC Securities Inc. acquired a new position in shares of ANSYS during the first quarter valued at about $31,000. Assetmark Inc. raised its position in shares of 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 purchasing an additional 103 shares during the last quarter. Millstone Evans Group LLC purchased a new stake in ANSYS during the 4th quarter worth approximately $42,000. Finally, Kapitalo Investimentos Ltda acquired a new position in ANSYS during the 4th quarter valued at approximately $43,000. Hedge funds and other institutional investors own 92.39% of the company's stock.

ANSYS Stock Performance

Shares of ANSS traded up $6.94 during trading hours on Thursday, hitting $373.81. The stock had a trading volume of 626,760 shares, compared to its average volume of 524,171. The firm has a 50-day moving average price of $341.80 and a 200 day moving average price of $333.05. ANSYS, Inc. has a fifty-two week low of $275.06 and a fifty-two week high of $373.73. The firm has a market capitalization of $32.86 billion, a price-to-earnings ratio of 55.36, a PEG ratio of 3.77 and a beta of 1.19. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.66 and a current ratio of 3.66.

ANSYS (NASDAQ:ANSS - Get Free Report) last issued its earnings results on Wednesday, April 30th. The software maker reported $1.64 earnings per share for the quarter, missing the consensus estimate of $1.75 by ($0.11). ANSYS had a return on equity of 12.38% and a net margin of 22.95%. The company had revenue of $504.89 million for the quarter, compared to analyst estimates of $516.81 million. During the same quarter in the prior year, the firm earned $1.39 earnings per share. The company's revenue for the quarter was up 8.2% on a year-over-year basis. As a group, research analysts anticipate that ANSYS, Inc. will post 8.32 EPS for the current year.

Insider Buying and Selling at ANSYS

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 directly owned 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. 0.61% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered ANSYS from a "buy" rating to a "hold" rating in a report on Wednesday, May 7th.

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.