Handelsbanken Fonder AB Sells 1,003 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Handelsbanken Fonder AB cut its position in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 4.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,654 shares of the software maker's stock after selling 1,003 shares during the quarter. Handelsbanken Fonder AB's holdings in ANSYS were worth $6,538,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of ANSS. Alpine Associates Management Inc. raised its holdings in ANSYS by 8.2% in the 4th quarter. Alpine Associates Management Inc. now owns 443,583 shares of the software maker's stock valued at $149,634,000 after buying an additional 33,600 shares during the last quarter. North Star Asset Management Inc. increased its position in ANSYS by 25.7% in the 4th quarter. North Star Asset Management Inc. now owns 5,579 shares of the software maker's stock valued at $1,882,000 after acquiring an additional 1,139 shares during the period. Magnetar Financial LLC raised its stake in shares of ANSYS by 0.8% during the fourth quarter. Magnetar Financial LLC now owns 219,625 shares of the software maker's stock valued at $74,086,000 after acquiring an additional 1,824 shares during the last quarter. Mizuho Securities USA LLC raised its stake in shares of ANSYS by 46.3% during the fourth quarter. Mizuho Securities USA LLC now owns 8,288 shares of the software maker's stock valued at $2,796,000 after acquiring an additional 2,621 shares during the last quarter. Finally, Prudential PLC lifted its holdings in shares of ANSYS by 5.9% during the fourth quarter. Prudential PLC now owns 37,833 shares of the software maker's stock worth $12,762,000 after purchasing an additional 2,122 shares during the period. 92.39% of the stock is currently owned by institutional investors.

ANSYS Trading Down 1.6%

NASDAQ ANSS traded down $5.49 on Friday, reaching $338.01. The company had a trading volume of 428,330 shares, compared to its average volume of 525,308. The firm has a market cap of $29.72 billion, a price-to-earnings ratio of 51.60, a P/E/G ratio of 3.48 and a beta of 1.19. ANSYS, Inc. has a fifty-two week low of $275.06 and a fifty-two week high of $363.03. The business has a 50 day moving average of $326.69 and a two-hundred day moving average of $332.45. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.01 and a quick ratio of 3.01.

ANSYS (NASDAQ:ANSS - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The software maker reported $1.64 EPS for the quarter, missing analysts' consensus estimates of $1.75 by ($0.11). The firm 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%. The business's revenue was up 8.2% compared to the same quarter last year. During the same period last year, the company posted $1.39 EPS. Analysts forecast that ANSYS, Inc. will post 8.32 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ANSS. Rosenblatt Securities increased their price objective on ANSYS from $335.00 to $340.00 and gave the company a "neutral" rating in a report on Friday, February 21st. Wall Street Zen downgraded ANSYS from a "buy" rating to a "hold" rating in a report on Wednesday, May 7th.

Insider Buying and Selling at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the company's stock in a transaction on 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 now owns 3,230 shares of the company's stock, valued at approximately $969,032.30. This represents a 5.83% decrease in their ownership of the stock. The sale 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.

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.