Royal Bank of Canada Cuts Position in ANSYS, Inc. (NASDAQ:ANSS)

Royal Bank of Canada decreased its position in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 19.3% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 354,376 shares of the software maker's stock after selling 84,542 shares during the period. Royal Bank of Canada owned about 0.41% of ANSYS worth $119,542,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of ANSS. Ameliora Wealth Management Ltd. acquired a new stake in ANSYS in the fourth quarter valued at $27,000. Quarry LP grew its holdings in ANSYS by 1,550.0% in the fourth quarter. Quarry LP now owns 99 shares of the software maker's stock valued at $33,000 after purchasing an additional 93 shares during the last quarter. Assetmark Inc. grew its holdings in ANSYS by 468.2% in the fourth quarter. Assetmark Inc. now owns 125 shares of the software maker's stock valued at $42,000 after purchasing an additional 103 shares during the last quarter. Millstone Evans Group LLC acquired a new stake in ANSYS in the fourth quarter valued at $42,000. Finally, Kapitalo Investimentos Ltda acquired a new stake in ANSYS in the fourth quarter valued at $43,000. Institutional investors and hedge funds own 92.39% of the company's stock.

ANSYS Price Performance

Shares of ANSS traded down $1.48 during trading hours on Friday, reaching $342.17. 429,409 shares of the company traded hands, compared to its average volume of 496,015. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $30.08 billion, a PE ratio of 52.24, a price-to-earnings-growth ratio of 3.48 and a beta of 1.21. ANSYS, Inc. has a fifty-two week low of $275.06 and a fifty-two week high of $363.03. The stock has a fifty day simple moving average of $319.35 and a 200 day simple moving average of $333.11.

ANSYS (NASDAQ:ANSS - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The software maker reported $1.64 EPS for the quarter, missing analysts' consensus estimates of $1.75 by ($0.11). The company had revenue of $504.89 million for the quarter, compared to analyst estimates of $516.81 million. ANSYS had a net margin of 22.62% and a return on equity of 12.69%. The firm's revenue was up 8.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.39 EPS. As a group, research analysts predict that ANSYS, Inc. will post 8.32 EPS for the current fiscal year.

Insider Activity at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the firm's stock in a transaction dated 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 now directly owns 3,230 shares of the company's stock, valued at approximately $969,032.30. This trade represents a 5.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.61% of the company's stock.

Analyst Ratings Changes

ANSS has been the topic of several research reports. Wall Street Zen lowered ANSYS from a "buy" rating to a "hold" rating in a report on Wednesday, May 7th. Rosenblatt Securities increased their price objective on ANSYS from $335.00 to $340.00 and gave the company a "neutral" rating in a research note on Friday, February 21st.

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.