ANSYS, Inc. (NASDAQ:ANSS) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. reduced its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 21.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 110,645 shares of the software maker's stock after selling 30,796 shares during the period. Federated Hermes Inc. owned about 0.13% of ANSYS worth $40,151,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ANSS. CVA Family Office LLC purchased a new stake in shares of ANSYS in the fourth quarter worth $28,000. Raleigh Capital Management Inc. increased its stake in shares of ANSYS by 135.7% in the third quarter. Raleigh Capital Management Inc. now owns 99 shares of the software maker's stock worth $29,000 after purchasing an additional 57 shares in the last quarter. KB Financial Partners LLC increased its stake in shares of ANSYS by 854.5% in the second quarter. KB Financial Partners LLC now owns 105 shares of the software maker's stock worth $35,000 after purchasing an additional 94 shares in the last quarter. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of ANSYS in the fourth quarter worth $47,000. Finally, Cornerstone Planning Group LLC bought a new position in shares of ANSYS during the second quarter worth $50,000. 92.39% of the stock is owned by hedge funds and other institutional investors.

ANSYS Trading Down 0.7 %

Shares of ANSYS stock traded down $2.39 during trading on Friday, hitting $322.11. The stock had a trading volume of 423,476 shares, compared to its average volume of 376,451. The stock has a market cap of $28.12 billion, a PE ratio of 56.21, a PEG ratio of 5.18 and a beta of 1.16. ANSYS, Inc. has a 12 month low of $258.01 and a 12 month high of $364.31. The firm's fifty day simple moving average is $337.12 and its 200-day simple moving average is $320.41. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.30 and a quick ratio of 2.30.

ANSYS (NASDAQ:ANSS - Get Free Report) last posted its quarterly earnings results on Wednesday, February 21st. The software maker reported $3.94 EPS for the quarter, topping the consensus estimate of $3.71 by $0.23. The company had revenue of $805.10 million for the quarter, compared to the consensus estimate of $797.49 million. ANSYS had a net margin of 22.05% and a return on equity of 11.83%. The firm's revenue was up 15.9% compared to the same quarter last year. During the same quarter last year, the firm posted $2.61 EPS. As a group, sell-side analysts expect that ANSYS, Inc. will post 7.26 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ANSS. Wolfe Research restated a "peer perform" rating on shares of ANSYS in a research report on Wednesday, January 17th. Barclays upped their target price on shares of ANSYS from $314.00 to $340.00 and gave the stock an "underweight" rating in a research report on Thursday, February 22nd. StockNews.com began coverage on shares of ANSYS in a research report on Monday, April 15th. They set a "hold" rating for the company. Mizuho lowered their price objective on shares of ANSYS from $350.00 to $330.00 and set a "neutral" rating for the company in a research report on Wednesday, January 17th. Finally, Rosenblatt Securities reiterated a "neutral" rating and set a $345.00 price objective on shares of ANSYS in a research report on Tuesday, March 5th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, ANSYS currently has a consensus rating of "Hold" and a consensus target price of $323.86.

Insider Buying and Selling

In related news, Director Glenda Dorchak sold 150 shares of the firm's stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $342.08, for a total value of $51,312.00. Following the transaction, the director now owns 3,049 shares of the company's stock, valued at approximately $1,043,001.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.53% of the stock is currently 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.