M&T Bank Corp Cuts Position in ANSYS, Inc. (NASDAQ:ANSS)

M&T Bank Corp trimmed its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 15.0% in the first quarter, according to the company in its most recent filing 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 period. M&T Bank Corp's holdings in ANSYS were worth $7,661,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of ANSS. Vanguard Group Inc. raised its holdings in shares of ANSYS by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 10,643,766 shares of the software maker's stock worth $3,590,462,000 after acquiring an additional 78,730 shares during the last quarter. Geode Capital Management LLC increased its position in ANSYS by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 2,363,744 shares of the software maker's stock worth $796,033,000 after purchasing an additional 58,190 shares in the last quarter. FIL Ltd raised its stake in 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 purchasing an additional 511,557 shares during the last quarter. Capital Research Global Investors purchased a new position in ANSYS in the 4th quarter valued at about $695,129,000. Finally, Norges Bank acquired a new stake in shares of ANSYS during the 4th quarter worth about $615,566,000. 92.39% of the stock is currently owned by institutional investors and hedge funds.

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.

ANSYS Price Performance

Shares of ANSS stock remained flat at $374.52 during mid-day trading on Friday. The stock had a trading volume of 1,090,743 shares, compared to its average volume of 529,072. The stock has a market capitalization of $32.93 billion, a PE ratio of 55.57, a price-to-earnings-growth ratio of 3.85 and a beta of 1.19. The company has a current ratio of 3.66, a quick 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. The company has a fifty day simple moving average of $343.81 and a 200-day simple moving average of $333.51.

ANSYS (NASDAQ:ANSS - Get Free Report) last released 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 analysts' expectations of $516.81 million. ANSYS had a return on equity of 12.38% and a net margin of 22.95%. The business's quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter last year, the company posted $1.39 earnings per share. As a group, analysts anticipate that ANSYS, Inc. will post 8.32 earnings per share for the current fiscal year.

Insider Transactions at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the 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 transaction, the director owned 3,230 shares of the company's stock, valued at $969,032.30. This trade represents a 5.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.61% of the company's stock.

ANSYS Profile

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.