Impax Asset Management Group plc Sells 55,090 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Impax Asset Management Group plc lessened its position in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 8.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 585,625 shares of the software maker's stock after selling 55,090 shares during the quarter. Impax Asset Management Group plc owned about 0.67% of ANSYS worth $212,512,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA grew its stake in ANSYS by 7.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,195,065 shares of the software maker's stock worth $355,592,000 after buying an additional 81,457 shares during the last quarter. DekaBank Deutsche Girozentrale grew its stake in ANSYS by 8.2% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 415,424 shares of the software maker's stock worth $149,607,000 after buying an additional 31,579 shares during the last quarter. US Bancorp DE grew its stake in ANSYS by 3.7% during the 3rd quarter. US Bancorp DE now owns 33,520 shares of the software maker's stock worth $9,974,000 after buying an additional 1,198 shares during the last quarter. Sei Investments Co. grew its stake in ANSYS by 4.5% during the 3rd quarter. Sei Investments Co. now owns 356,768 shares of the software maker's stock worth $106,156,000 after buying an additional 15,333 shares during the last quarter. Finally, Morgan Stanley grew its stake in ANSYS by 18.0% during the 3rd quarter. Morgan Stanley now owns 1,010,937 shares of the software maker's stock worth $300,805,000 after buying an additional 154,325 shares during the last quarter. Hedge funds and other institutional investors own 92.39% of the company's stock.

Insider Buying and Selling

In related news, Director Glenda Dorchak sold 150 shares of ANSYS stock in a transaction on Monday, April 8th. The stock was sold at an average price of $342.08, for a total transaction of $51,312.00. Following the completion of the transaction, the director now directly owns 3,049 shares of the company's stock, valued at $1,043,001.92. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.53% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Barclays lifted their target price on ANSYS from $314.00 to $340.00 and gave the company an "underweight" rating in a research note on Thursday, February 22nd. Wolfe Research reiterated a "peer perform" rating on shares of ANSYS in a research note on Wednesday, January 17th. StockNews.com assumed coverage on ANSYS in a research note on Sunday. They issued a "hold" rating on the stock. Mizuho lowered their target price on ANSYS from $350.00 to $330.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 17th. Finally, Rosenblatt Securities reiterated a "neutral" rating and issued a $345.00 target price on shares of ANSYS in a research note on Tuesday, March 5th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, ANSYS presently has an average rating of "Hold" and a consensus price target of $322.75.

ANSYS Price Performance

Shares of ANSYS stock traded up $0.40 during trading on Tuesday, reaching $344.50. The company's stock had a trading volume of 355,631 shares, compared to its average volume of 749,293. The company has a quick ratio of 2.30, a current ratio of 2.30 and a debt-to-equity ratio of 0.14. ANSYS, Inc. has a 12-month low of $258.01 and a 12-month high of $364.31. The company has a market capitalization of $29.98 billion, a P/E ratio of 60.12, a price-to-earnings-growth ratio of 5.40 and a beta of 1.16. The business has a 50 day moving average price of $338.19 and a 200-day moving average price of $318.65.

ANSYS (NASDAQ:ANSS - Get Free Report) last issued its quarterly earnings data on Wednesday, February 21st. The software maker reported $3.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.71 by $0.23. The firm had revenue of $805.10 million during the quarter, compared to analysts' expectations of $797.49 million. ANSYS had a return on equity of 11.83% and a net margin of 22.05%. ANSYS's revenue was up 15.9% on a year-over-year basis. During the same period in the previous year, the firm posted $2.61 earnings per share. As a group, sell-side analysts anticipate that ANSYS, Inc. will post 7.34 EPS for the current year.

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.