ANSYS, Inc. (NASDAQ:ANSS) Shares Sold by Impax Asset Management Group plc

Impax Asset Management Group plc trimmed its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 3.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 542,725 shares of the software maker's stock after selling 18,509 shares during the period. Impax Asset Management Group plc owned about 0.62% of ANSYS worth $171,805,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ANSS. Vanguard Group Inc. boosted its holdings in shares of 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 buying an additional 78,730 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of ANSYS by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 2,363,744 shares of the software maker's stock valued at $796,033,000 after buying an additional 58,190 shares in the last quarter. FIL Ltd boosted its holdings in shares of ANSYS by 32.5% in the 4th quarter. FIL Ltd now owns 2,086,177 shares of the software maker's stock valued at $703,730,000 after buying an additional 511,557 shares in the last quarter. Capital Research Global Investors bought a new stake in shares of ANSYS in the 4th quarter valued at about $695,129,000. Finally, Norges Bank bought a new stake in shares of ANSYS in the 4th quarter valued at about $615,566,000. 92.39% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Insider Transactions at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the director directly owned 3,230 shares of the company's stock, 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 can be accessed through this link. Corporate insiders own 0.61% of the company's stock.

ANSYS Stock Performance

Shares of ANSYS stock traded down $4.39 during midday trading on Monday, hitting $363.09. The company had a trading volume of 493,502 shares, compared to its average volume of 521,987. The stock has a market cap of $31.92 billion, a price-to-earnings ratio of 53.87, a PEG ratio of 3.78 and a beta of 1.19. The company has a quick ratio of 3.66, a current ratio of 3.66 and a debt-to-equity ratio of 0.12. The company has a fifty day simple moving average of $339.95 and a 200 day simple moving average of $332.58. ANSYS, Inc. has a 12-month low of $275.06 and a 12-month high of $368.00.

ANSYS (NASDAQ:ANSS - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The software maker reported $1.64 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 company had revenue of $504.89 million during the quarter, compared to analysts' expectations of $516.81 million. During the same period in the previous year, the business earned $1.39 earnings per share. The business's revenue for the quarter was up 8.2% compared to the same quarter last year. As a group, analysts predict that ANSYS, Inc. will post 8.32 earnings per share for the current fiscal year.

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.