M&T Bank Corp Sells 4,258 Shares of ANSYS, Inc. (NASDAQ:ANSS)

M&T Bank Corp lowered its stake in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 15.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 24,202 shares of the software maker's stock after selling 4,258 shares during the quarter. M&T Bank Corp's holdings in ANSYS were worth $7,661,000 at the end of the most recent quarter.

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

Insider Activity

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the company's stock in a transaction dated 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 directly owned 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.61% of the company's stock.

Wall Street Analysts Forecast Growth

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

ANSYS Stock Up 0.5%

Shares of ANSS traded up $1.92 during mid-day trading on Friday, reaching $376.44. The company's stock had a trading volume of 646,967 shares, compared to its average volume of 619,730. The company has a market cap of $33.10 billion, a price-to-earnings ratio of 55.81, a price-to-earnings-growth ratio of 3.77 and a beta of 1.19. The business has a fifty day moving average of $342.89 and a 200 day moving average of $333.29. The company has a quick ratio of 3.66, a current ratio of 3.66 and a debt-to-equity ratio of 0.12. ANSYS, Inc. has a 1 year low of $275.06 and a 1 year high of $380.07.

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 analysts' consensus estimates of $1.75 by ($0.11). ANSYS had a return on equity of 12.38% and a net margin of 22.95%. The business had revenue of $504.89 million for the quarter, compared to analyst estimates of $516.81 million. During the same quarter in the previous year, the business posted $1.39 earnings per share. The company's revenue was up 8.2% compared to the same quarter last year. As a group, analysts forecast 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.