Russell Investments Group Ltd. lessened its holdings in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 4.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 101,577 shares of the software maker's stock after selling 4,311 shares during the quarter. Russell Investments Group Ltd. owned about 0.12% of ANSYS worth $36,855,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. CVA Family Office LLC acquired a new stake in shares of ANSYS during the 4th quarter worth approximately $28,000. Raleigh Capital Management Inc. grew its stake in ANSYS by 135.7% in the 3rd quarter. Raleigh Capital Management Inc. now owns 99 shares of the software maker's stock valued at $29,000 after acquiring an additional 57 shares during the period. Turtle Creek Wealth Advisors LLC acquired a new stake in ANSYS in the 4th quarter valued at $47,000. KB Financial Partners LLC grew its stake in ANSYS by 69.5% in the 3rd quarter. KB Financial Partners LLC now owns 178 shares of the software maker's stock valued at $53,000 after acquiring an additional 73 shares during the period. Finally, Lindbrook Capital LLC grew its stake in ANSYS by 18.1% in the 3rd quarter. Lindbrook Capital LLC now owns 241 shares of the software maker's stock valued at $72,000 after acquiring an additional 37 shares during the period. Institutional investors and hedge funds own 92.39% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts have recently commented on the stock. Barclays increased their target price on shares of ANSYS from $314.00 to $340.00 and gave the company an "underweight" rating in a research report on Thursday, February 22nd. Mizuho dropped their price objective on shares of ANSYS from $350.00 to $330.00 and set a "neutral" rating for the company in a research note on Wednesday, January 17th. Wolfe Research reaffirmed a "peer perform" rating on shares of ANSYS in a research note on Wednesday, January 17th. StockNews.com began coverage on shares of ANSYS in a research note on Tuesday, April 23rd. They set a "hold" rating for the company. Finally, Rosenblatt Securities reaffirmed a "neutral" rating and set a $345.00 price objective on shares of ANSYS in a research note on Tuesday, March 5th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $320.00.
Read Our Latest Stock Analysis on ANSS
Insider Buying and Selling
In related news, Director Glenda Dorchak sold 150 shares of the 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 completion of 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.46% of the stock is currently owned by corporate insiders.
ANSYS Trading Down 1.5 %
Shares of ANSYS stock traded down $4.99 during mid-day trading on Tuesday, hitting $324.88. The stock had a trading volume of 422,243 shares, compared to its average volume of 673,904. The firm has a 50-day moving average of $336.80 and a two-hundred day moving average of $321.84. ANSYS, Inc. has a 12-month low of $258.01 and a 12-month high of $364.31. The company has a quick ratio of 2.30, a current ratio of 2.30 and a debt-to-equity ratio of 0.14. The firm has a market cap of $28.36 billion, a P/E ratio of 56.70, a price-to-earnings-growth ratio of 5.23 and a beta of 1.16.
ANSYS (NASDAQ:ANSS - Get Free Report) last posted its quarterly earnings data on Wednesday, February 21st. The software maker reported $3.94 earnings per share for the quarter, topping analysts' consensus estimates 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 net margin of 22.05% and a return on equity of 11.83%. The firm's quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter last year, the company posted $2.61 EPS. Sell-side analysts forecast that ANSYS, Inc. will post 7.39 earnings per share for the current year.
About ANSYS
(
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.
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