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

Bank of New York Mellon Corp cut 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 and Exchange Commission (SEC). The firm owned 705,077 shares of the software maker's stock after selling 29,505 shares during the period. Bank of New York Mellon Corp owned approximately 0.80% of ANSYS worth $223,199,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in shares of ANSYS by 134.7% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,793 shares of the software maker's stock worth $1,201,000 after acquiring an additional 2,177 shares during the period. IFM Investors Pty Ltd lifted its holdings in shares of ANSYS by 11.2% during the 1st quarter. IFM Investors Pty Ltd now owns 18,003 shares of the software maker's stock worth $5,736,000 after acquiring an additional 1,812 shares during the period. GF Fund Management CO. LTD. lifted its holdings in shares of ANSYS by 1.6% during the 1st quarter. GF Fund Management CO. LTD. now owns 16,835 shares of the software maker's stock worth $5,329,000 after acquiring an additional 261 shares during the period. Calamos Advisors LLC lifted its holdings in shares of ANSYS by 47.1% during the 1st quarter. Calamos Advisors LLC now owns 125,000 shares of the software maker's stock worth $39,570,000 after acquiring an additional 40,000 shares during the period. Finally, Tandem Investment Advisors Inc. lifted its holdings in shares of ANSYS by 27.1% during the 1st quarter. Tandem Investment Advisors Inc. now owns 14,647 shares of the software maker's stock worth $4,637,000 after acquiring an additional 3,120 shares during the period. 92.39% of the stock is owned by institutional investors.

ANSYS Stock Performance

ANSS stock remained flat at $374.52 during trading on Friday. 1,090,743 shares of the company traded hands, compared to its average volume of 529,072. ANSYS, Inc. has a 12-month low of $275.06 and a 12-month high of $379.99. The stock has a market cap of $32.93 billion, a PE ratio of 55.57, a price-to-earnings-growth ratio of 3.85 and a beta of 1.19. The stock has a 50 day moving average of $342.89 and a 200 day moving average of $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 (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). ANSYS had a net margin of 22.95% and a return on equity of 12.38%. The firm had revenue of $504.89 million for the quarter, compared to the consensus estimate of $516.81 million. During the same period in the prior year, the business 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, analysts predict that ANSYS, Inc. will post 8.32 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

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 value of $60,002.00. Following the completion of the sale, the director 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 legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.61% 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.