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

M&T Bank Corp trimmed its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 15.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ANSS. Jones Financial Companies Lllp grew its stake in ANSYS by 114.9% during the 4th quarter. Jones Financial Companies Lllp now owns 821 shares of the software maker's stock worth $277,000 after buying an additional 439 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its stake in ANSYS by 6.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,773 shares of the software maker's stock worth $598,000 after purchasing an additional 109 shares in the last quarter. Assetmark Inc. boosted its stake in ANSYS by 468.2% in the 4th quarter. Assetmark Inc. now owns 125 shares of the software maker's stock worth $42,000 after purchasing an additional 103 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in ANSYS in the 4th quarter worth approximately $353,000. Finally, Raymond James Financial Inc. acquired a new stake in ANSYS in the 4th quarter worth approximately $10,408,000. 92.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Insider Activity

In other news, Director Glenda Dorchak sold 200 shares of ANSYS stock in a transaction that occurred 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 sale, the director directly owned 3,230 shares of the company's stock, valued at $969,032.30. The trade was a 5.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.61% of the stock is owned by corporate insiders.

ANSYS Stock Down 0.0%

ANSS opened at $366.87 on Thursday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.66 and a current ratio of 3.66. The stock has a market capitalization of $32.26 billion, a price-to-earnings ratio of 54.43, a PEG ratio of 3.77 and a beta of 1.19. The company has a fifty day moving average of $341.80 and a two-hundred day moving average of $333.05. ANSYS, Inc. has a fifty-two week low of $275.06 and a fifty-two week high of $369.25.

ANSYS (NASDAQ:ANSS - Get Free Report) last announced its earnings results on Wednesday, April 30th. The software maker reported $1.64 earnings per share for the quarter, missing the consensus estimate of $1.75 by ($0.11). The business 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 company's quarterly revenue was up 8.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.39 earnings per share. On average, research analysts expect that ANSYS, Inc. will post 8.32 earnings per share for the current 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.

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