Bank of New York Mellon Corp Has $223.20 Million Stake in ANSYS, Inc. (NASDAQ:ANSS)

Bank of New York Mellon Corp decreased its stake in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 4.0% in the first quarter, according to the company in its most recent filing 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 approximately 0.80% of ANSYS worth $223,199,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Quarry LP lifted its position in 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 buying an additional 93 shares in the last quarter. NBC Securities Inc. purchased a new stake in ANSYS in the 1st quarter worth approximately $31,000. Assetmark Inc. lifted its position in ANSYS by 468.2% in the 4th quarter. Assetmark Inc. now owns 125 shares of the software maker's stock worth $42,000 after buying an additional 103 shares in the last quarter. Millstone Evans Group LLC purchased a new stake in ANSYS in the 4th quarter worth approximately $42,000. Finally, Kapitalo Investimentos Ltda purchased a new stake in ANSYS in the 4th quarter worth approximately $43,000. Hedge funds and other institutional investors own 92.39% of the company's stock.

Insider Transactions at ANSYS

In related news, Director Glenda Dorchak sold 200 shares of the firm's stock in a transaction on Monday, April 14th. The shares were sold at an average price of $300.01, for a total value of $60,002.00. Following the transaction, the director directly owned 3,230 shares in the company, valued at approximately $969,032.30. This trade represents a 5.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.61% of the company's stock.

ANSYS Stock Up 0.9%

Shares of ANSYS stock traded up $3.44 during midday trading on Friday, reaching $377.96. 136,778 shares of the company's stock traded hands, compared to its average volume of 525,584. The company has a market cap of $33.23 billion, a price-to-earnings ratio of 55.95, a price-to-earnings-growth ratio of 3.77 and a beta of 1.19. The company's 50 day simple moving average is $342.89 and its 200 day simple moving average is $333.29. 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, Inc. has a 52 week low of $275.06 and a 52 week high of $378.51.

ANSYS (NASDAQ:ANSS - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The software maker reported $1.64 earnings per share 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 22.95% and a return on equity of 12.38%. The firm's revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.39 EPS. Equities analysts expect that ANSYS, Inc. will post 8.32 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

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.