M&T Bank Corp trimmed its stake in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 15.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also made changes to their positions in ANSS. NBC Securities Inc. bought a new position in ANSYS during the first quarter valued at approximately $31,000. Quarry LP grew its stake in shares of ANSYS by 1,550.0% in the fourth quarter. Quarry LP now owns 99 shares of the software maker's stock worth $33,000 after acquiring an additional 93 shares during the last quarter. Assetmark Inc. increased its holdings 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 period. Millstone Evans Group LLC acquired a new stake in shares of ANSYS in the 4th quarter valued at $42,000. Finally, Kapitalo Investimentos Ltda acquired a new stake in shares of ANSYS in the 4th quarter valued at $43,000. 92.39% of the stock is owned by hedge funds and other institutional investors.
ANSYS Stock Up 2.1%
Shares of NASDAQ ANSS traded up $7.65 during trading hours on Thursday, hitting $374.52. The company had a trading volume of 1,126,888 shares, compared to its average volume of 526,088. ANSYS, Inc. has a 1-year low of $275.06 and a 1-year high of $374.75. The firm's 50 day moving average is $341.80 and its 200-day moving average is $333.05. 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 stock has a market capitalization of $32.93 billion, a P/E ratio of 55.57, a price-to-earnings-growth ratio of 3.77 and a beta of 1.19.
ANSYS (NASDAQ:ANSS - Get Free Report) last posted its earnings results on Wednesday, April 30th. The software maker reported $1.64 earnings per share 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 analyst estimates of $516.81 million. ANSYS had a return on equity of 12.38% and a net margin of 22.95%. The firm's quarterly revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.39 EPS. On average, analysts expect that ANSYS, Inc. will post 8.32 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen cut ANSYS from a "buy" rating to a "hold" rating in a report on Wednesday, May 7th.
View Our Latest Analysis on ANSS
Insider Buying and Selling at ANSYS
In related news, Director Glenda Dorchak sold 200 shares of the stock in a transaction on Monday, April 14th. The stock was sold at an average price of $300.01, for a total value of $60,002.00. Following the completion of 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 position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.61% of the stock is owned by insiders.
About ANSYS
(
Free Report)
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.
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