Ninety One UK Ltd Lowers Stock Position in ANSYS, Inc. (NASDAQ:ANSS)

Ninety One UK Ltd trimmed its stake in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 66.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 147,725 shares of the software maker's stock after selling 299,114 shares during the quarter. Ninety One UK Ltd owned approximately 0.17% of ANSYS worth $46,764,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Meiji Yasuda Asset Management Co Ltd. grew its holdings in ANSYS by 2.8% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,298 shares of the software maker's stock worth $438,000 after acquiring an additional 35 shares during the last quarter. Beverly Hills Private Wealth LLC boosted its stake in shares of ANSYS by 3.7% in the 1st quarter. Beverly Hills Private Wealth LLC now owns 1,084 shares of the software maker's stock valued at $343,000 after purchasing an additional 39 shares during the last quarter. Tsai Capital Corp boosted its stake in shares of ANSYS by 0.5% in the 4th quarter. Tsai Capital Corp now owns 8,945 shares of the software maker's stock valued at $3,017,000 after purchasing an additional 41 shares during the last quarter. Bessemer Group Inc. boosted its stake in shares of ANSYS by 1.3% in the 1st quarter. Bessemer Group Inc. now owns 3,223 shares of the software maker's stock valued at $1,020,000 after purchasing an additional 41 shares during the last quarter. Finally, First Manhattan CO. LLC. boosted its stake in shares of ANSYS by 1.4% in the 4th quarter. First Manhattan CO. LLC. now owns 3,043 shares of the software maker's stock valued at $1,026,000 after purchasing an additional 43 shares during the last quarter. 92.39% of the stock is currently owned by institutional investors and hedge funds.

ANSYS Stock Down 0.6%

NASDAQ ANSS traded down $2.04 on Wednesday, hitting $364.86. 205,051 shares of the company were exchanged, compared to its average volume of 521,033. The company has a market cap of $32.08 billion, a PE ratio of 54.16, a PEG ratio of 3.73 and a beta of 1.19. ANSYS, Inc. has a 12 month low of $275.06 and a 12 month high of $369.28. The stock has a fifty day moving average of $340.90 and a 200-day moving average of $332.82. 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 (NASDAQ:ANSS - Get Free Report) last released its quarterly earnings data 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). 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 company posted $1.39 EPS. The business's quarterly revenue was up 8.2% on a year-over-year basis. As a group, analysts forecast that ANSYS, Inc. will post 8.32 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

Insider Activity at ANSYS

In other news, Director Glenda Dorchak sold 200 shares of the 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 represents a 5.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.61% of the stock is currently owned by corporate insiders.

ANSYS Company 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.