Perpetual Ltd Cuts Stock Holdings in ANSYS, Inc. (NASDAQ:ANSS)

Perpetual Ltd decreased its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 30.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,732 shares of the software maker's stock after selling 6,583 shares during the quarter. Perpetual Ltd's holdings in ANSYS were worth $4,664,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of ANSYS by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 10,643,766 shares of the software maker's stock worth $3,590,462,000 after buying an additional 78,730 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of ANSYS by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 2,363,744 shares of the software maker's stock worth $796,033,000 after buying an additional 58,190 shares in the last quarter. FIL Ltd lifted its holdings in shares of ANSYS by 32.5% during the fourth quarter. FIL Ltd now owns 2,086,177 shares of the software maker's stock worth $703,730,000 after buying an additional 511,557 shares in the last quarter. Capital Research Global Investors acquired a new stake in shares of ANSYS during the fourth quarter worth $695,129,000. Finally, Norges Bank acquired a new stake in shares of ANSYS during the fourth quarter worth $615,566,000. Institutional investors and hedge funds own 92.39% of the company's stock.

Insiders Place Their Bets

In other news, Director Glenda Dorchak sold 200 shares of the company's stock in a transaction on Monday, April 14th. The stock was sold at an average price of $300.01, for a total transaction of $60,002.00. Following the transaction, the director now owns 3,230 shares of the company's stock, valued at $969,032.30. This represents a 5.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.61% of the company's stock.

Analysts Set New Price Targets

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

ANSYS Trading Up 1.1%

Shares of ANSYS stock traded up $3.79 during midday trading on Friday, reaching $347.19. The company had a trading volume of 730,116 shares, compared to its average volume of 516,663. The stock has a fifty day moving average price of $334.25 and a 200 day moving average price of $331.83. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.66 and a quick ratio of 3.66. The firm has a market cap of $30.52 billion, a PE ratio of 51.51, a P/E/G ratio of 3.57 and a beta of 1.19. ANSYS, Inc. has a fifty-two week low of $275.06 and a fifty-two week high of $363.03.

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 net margin of 22.95% and a return on equity of 12.38%. The company had revenue of $504.89 million during the quarter, compared to the consensus estimate of $516.81 million. During the same quarter in the prior year, the firm earned $1.39 EPS. The business's revenue was up 8.2% compared to the same quarter last year. On average, equities analysts anticipate that ANSYS, Inc. will post 8.32 earnings per share for the current year.

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.