MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Reduces Stock Position in ANSYS, Inc. (NASDAQ:ANSS)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. reduced its position in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 10.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 60,328 shares of the software maker's stock after selling 7,170 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.07% of ANSYS worth $20,351,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in 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 buying an additional 78,730 shares in the last quarter. Geode Capital Management LLC raised its stake in ANSYS by 2.5% in 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 raised its stake in ANSYS by 32.5% in 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 bought a new position in ANSYS in the fourth quarter worth about $695,129,000. Finally, Norges Bank bought a new position in ANSYS in the fourth quarter worth about $615,566,000. 92.39% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on ANSS. Rosenblatt Securities increased their price target on shares of ANSYS from $335.00 to $340.00 and gave the stock a "neutral" rating in a research note on Friday, February 21st. StockNews.com downgraded shares of ANSYS from a "buy" rating to a "hold" rating in a research note on Wednesday, May 7th.

ANSYS Stock Up 0.9%

Shares of NASDAQ ANSS traded up $3.11 on Friday, reaching $346.63. 698,889 shares of the company's stock traded hands, compared to its average volume of 493,424. ANSYS, Inc. has a 12 month low of $275.06 and a 12 month high of $363.03. The business's 50 day simple moving average is $317.11 and its two-hundred day simple moving average is $332.47. The company has a market cap of $30.47 billion, a price-to-earnings ratio of 52.92, a price-to-earnings-growth ratio of 3.48 and a beta of 1.21. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.12.

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 analysts' consensus estimates of $1.75 by ($0.11). ANSYS had a net margin of 22.62% and a return on equity of 12.69%. The business had revenue of $504.89 million for the quarter, compared to the consensus estimate of $516.81 million. During the same period in the prior year, the business posted $1.39 EPS. ANSYS's revenue for the quarter was up 8.2% on a year-over-year basis. As a group, equities research analysts forecast that ANSYS, Inc. will post 8.32 EPS for the current fiscal year.

Insider Activity at ANSYS

In related news, Director Glenda Dorchak sold 200 shares of the firm's 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 completion of the sale, the director now owns 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.61% of the stock is owned by insiders.

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.