ANSYS, Inc. (NASDAQ:ANSS) Shares Sold by Ownership Capital B.V.

Ownership Capital B.V. cut its position in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 3.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,095,090 shares of the software maker's stock after selling 37,364 shares during the quarter. ANSYS makes up 8.9% of Ownership Capital B.V.'s investment portfolio, making the stock its largest position. Ownership Capital B.V. owned about 1.26% of ANSYS worth $397,386,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Golden State Equity Partners purchased a new stake in ANSYS in the fourth quarter valued at approximately $356,000. Lyell Wealth Management LP purchased a new stake in ANSYS in the fourth quarter valued at approximately $209,000. Tokio Marine Asset Management Co. Ltd. grew its holdings in ANSYS by 8.7% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 2,417 shares of the software maker's stock valued at $877,000 after purchasing an additional 194 shares during the period. Atria Wealth Solutions Inc. grew its holdings in ANSYS by 156.9% in the fourth quarter. Atria Wealth Solutions Inc. now owns 2,489 shares of the software maker's stock valued at $903,000 after purchasing an additional 1,520 shares during the period. Finally, Harvest Fund Management Co. Ltd grew its holdings in ANSYS by 11.7% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 763 shares of the software maker's stock valued at $275,000 after purchasing an additional 80 shares during the period. 92.39% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Barclays boosted their target price on shares of ANSYS from $314.00 to $340.00 and gave the company an "underweight" rating in a report on Thursday, February 22nd. StockNews.com started coverage on shares of ANSYS in a research report on Tuesday. They set a "hold" rating on the stock. Mizuho reduced their target price on shares of ANSYS from $350.00 to $330.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 17th. Wolfe Research reissued a "peer perform" rating on shares of ANSYS in a research report on Wednesday, January 17th. Finally, Rosenblatt Securities reissued a "neutral" rating and set a $345.00 target price on shares of ANSYS in a research report on Tuesday, March 5th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $320.00.

ANSYS Stock Up 2.1 %

ANSS traded up $6.71 during trading on Friday, hitting $333.75. The company had a trading volume of 251,788 shares, compared to its average volume of 322,008. The company has a market cap of $29.14 billion, a PE ratio of 58.25, a P/E/G ratio of 5.13 and a beta of 1.16. The business has a 50-day moving average of $336.80 and a 200-day moving average of $321.51. 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, Inc. has a 1-year low of $258.01 and a 1-year high of $364.31.

ANSYS (NASDAQ:ANSS - Get Free Report) last posted its quarterly earnings results on Wednesday, February 21st. The software maker reported $3.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.71 by $0.23. ANSYS had a net margin of 22.05% and a return on equity of 11.83%. The firm had revenue of $805.10 million for the quarter, compared to analysts' expectations of $797.49 million. During the same period in the prior year, the company posted $2.61 earnings per share. The firm's quarterly revenue was up 15.9% on a year-over-year basis. As a group, analysts forecast that ANSYS, Inc. will post 7.39 earnings per share for the current year.

Insider Buying and Selling at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 150 shares of the business's stock in a transaction 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 completion of the sale, the director now owns 3,049 shares in the company, valued at $1,043,001.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.53% 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.