Ninety One UK Ltd lessened its position in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 3.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 740,684 shares of the software maker's stock after selling 24,924 shares during the period. Ninety One UK Ltd owned 0.85% of ANSYS worth $268,779,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of ANSS. Wealth Alliance lifted its holdings in shares of ANSYS by 2.4% during the fourth quarter. Wealth Alliance now owns 1,523 shares of the software maker's stock valued at $553,000 after purchasing an additional 36 shares in the last quarter. Lindbrook Capital LLC grew its stake in shares of ANSYS by 18.1% in the third quarter. Lindbrook Capital LLC now owns 241 shares of the software maker's stock worth $72,000 after acquiring an additional 37 shares during the period. IFP Advisors Inc lifted its position in ANSYS by 11.7% during the third quarter. IFP Advisors Inc now owns 363 shares of the software maker's stock valued at $108,000 after purchasing an additional 38 shares during the period. Koshinski Asset Management Inc. boosted its holdings in ANSYS by 0.8% in the third quarter. Koshinski Asset Management Inc. now owns 4,866 shares of the software maker's stock worth $1,448,000 after purchasing an additional 39 shares during the last quarter. Finally, Williams Jones Wealth Management LLC. raised its stake in ANSYS by 2.2% during the 1st quarter. Williams Jones Wealth Management LLC. now owns 1,822 shares of the software maker's stock valued at $606,000 after buying an additional 39 shares during the last quarter. Hedge funds and other institutional investors own 92.39% of the company's stock.
Insiders Place Their Bets
In other news, Director Glenda Dorchak sold 150 shares of ANSYS stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $342.08, for a total transaction of $51,312.00. Following the sale, the director now owns 3,049 shares in the company, valued at $1,043,001.92. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.53% of the stock is currently owned by corporate insiders.
ANSYS Price Performance
Shares of ANSS traded down $1.12 during trading hours on Thursday, reaching $324.50. 208,573 shares of the stock traded hands, compared to its average volume of 711,881. ANSYS, Inc. has a 52-week low of $258.01 and a 52-week high of $364.31. The company has a current ratio of 2.30, a quick ratio of 2.30 and a debt-to-equity ratio of 0.14. The company has a market cap of $28.33 billion, a P/E ratio of 56.83, a price-to-earnings-growth ratio of 5.21 and a beta of 1.16. The company's 50-day moving average price is $337.94 and its two-hundred day moving average price is $319.97.
ANSYS (NASDAQ:ANSS - Get Free Report) last announced its quarterly earnings data on Wednesday, February 21st. The software maker reported $3.94 EPS for the quarter, beating the consensus estimate of $3.71 by $0.23. ANSYS had a return on equity of 11.83% and a net margin of 22.05%. The business had revenue of $805.10 million for the quarter, compared to the consensus estimate of $797.49 million. During the same period in the previous year, the business earned $2.61 earnings per share. The business's revenue was up 15.9% on a year-over-year basis. On average, analysts anticipate that ANSYS, Inc. will post 7.26 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several analysts recently commented on the company. Mizuho cut their price objective on ANSYS from $350.00 to $330.00 and set a "neutral" rating for the company in a report on Wednesday, January 17th. Rosenblatt Securities reiterated a "neutral" rating and issued a $345.00 price objective on shares of ANSYS in a research note on Tuesday, March 5th. Barclays raised their price objective on shares of ANSYS from $314.00 to $340.00 and gave the stock an "underweight" rating in a report on Thursday, February 22nd. StockNews.com assumed coverage on shares of ANSYS in a research report on Monday. They issued a "hold" rating on the stock. Finally, Wolfe Research reissued a "peer perform" rating on shares of ANSYS in a research report on Wednesday, January 17th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, ANSYS currently has an average rating of "Hold" and a consensus price target of $322.75.
Get Our Latest Analysis on ANSS
ANSYS Company Profile
(
Free Report)
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.
Further Reading
Before you consider ANSYS, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ANSYS wasn't on the list.
While ANSYS currently has a "Reduce" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
