KBC Group NV Reduces Stake in ANSYS, Inc. (NASDAQ:ANSS)

KBC Group NV lowered its stake in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 27.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,839 shares of the software maker's stock after selling 28,143 shares during the quarter. KBC Group NV owned about 0.09% of ANSYS worth $24,007,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. NBC Securities Inc. purchased a new stake in ANSYS in the 1st quarter worth approximately $31,000. Quarry LP raised its holdings in ANSYS by 1,550.0% in the 4th quarter. Quarry LP now owns 99 shares of the software maker's stock valued at $33,000 after acquiring an additional 93 shares during the last quarter. Assetmark Inc. boosted its stake in ANSYS by 468.2% during the fourth quarter. Assetmark Inc. now owns 125 shares of the software maker's stock worth $42,000 after buying an additional 103 shares during the last quarter. Millstone Evans Group LLC acquired a new position in shares of ANSYS during the 4th quarter valued at about $42,000. Finally, Kapitalo Investimentos Ltda purchased a new stake in shares of ANSYS in the 4th quarter valued at approximately $43,000. Hedge funds and other institutional investors own 92.39% of the company's stock.

Analysts Set New Price Targets

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

ANSYS Stock Performance

NASDAQ ANSS traded up $11.39 during trading hours on Friday, hitting $364.60. The company had a trading volume of 874,214 shares, compared to its average volume of 521,206. The business has a 50 day moving average of $338.17 and a 200-day moving average of $332.28. 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 1-year low of $275.06 and a 1-year high of $368.00. The company has a market cap of $32.06 billion, a PE ratio of 54.09, a price-to-earnings-growth ratio of 3.78 and a beta of 1.19.

ANSYS (NASDAQ:ANSS - Get Free Report) last announced its 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). ANSYS had a net margin of 22.95% and a return on equity of 12.38%. The business 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 company posted $1.39 earnings per share. ANSYS's quarterly revenue was up 8.2% on a year-over-year basis. As a group, equities research analysts expect that ANSYS, Inc. will post 8.32 EPS for the current year.

Insider Transactions at ANSYS

In related 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 $969,032.30. This trade represents a 5.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.61% of the stock is owned by corporate insiders.

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.