ANSYS, Inc. (NASDAQ:ANSS) Stock Holdings Lessened by Swiss National Bank

Swiss National Bank cut its position in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 2.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 271,400 shares of the software maker's stock after selling 7,400 shares during the period. Swiss National Bank owned 0.31% of ANSYS worth $98,486,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ANSS. Verdence Capital Advisors LLC grew its holdings in shares of ANSYS by 1.7% during the fourth quarter. Verdence Capital Advisors LLC now owns 2,071 shares of the software maker's stock valued at $752,000 after buying an additional 35 shares during the last quarter. Wealth Alliance boosted its stake in ANSYS by 2.4% during the 4th quarter. Wealth Alliance now owns 1,523 shares of the software maker's stock valued at $553,000 after purchasing an additional 36 shares during the last quarter. Lindbrook Capital LLC increased its holdings in ANSYS by 18.1% during the 3rd quarter. Lindbrook Capital LLC now owns 241 shares of the software maker's stock worth $72,000 after purchasing an additional 37 shares in the last quarter. Perigon Wealth Management LLC raised its stake in shares of ANSYS by 2.7% in the third quarter. Perigon Wealth Management LLC now owns 1,544 shares of the software maker's stock worth $459,000 after purchasing an additional 40 shares during the last quarter. Finally, Ballentine Partners LLC lifted its holdings in shares of ANSYS by 4.2% in the fourth quarter. Ballentine Partners LLC now owns 1,038 shares of the software maker's stock valued at $377,000 after purchasing an additional 42 shares in the last quarter. 92.39% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Glenda Dorchak sold 150 shares of ANSYS stock in a transaction dated 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 sale, the director now owns 3,049 shares of the company's stock, valued at $1,043,001.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.46% of the stock is currently owned by company insiders.

ANSYS Stock Performance

ANSS stock traded up $4.99 during midday trading on Friday, reaching $319.52. 578,961 shares of the company's stock traded hands, compared to its average volume of 373,307. ANSYS, Inc. has a 52-week low of $258.01 and a 52-week high of $364.31. The stock has a market cap of $27.89 billion, a P/E ratio of 64.16, a PEG ratio of 5.01 and a beta of 1.16. The stock's 50-day moving average is $335.57 and its 200 day moving average is $322.55. The company has a current ratio of 2.80, a quick ratio of 2.30 and a debt-to-equity ratio of 0.14.

ANSYS (NASDAQ:ANSS - Get Free Report) last announced its earnings results on Wednesday, May 1st. The software maker reported $1.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.93 by ($0.54). The business had revenue of $466.60 million for the quarter, compared to analysts' expectations of $549.85 million. ANSYS had a net margin of 19.51% and a return on equity of 10.45%. The firm's quarterly revenue was down 8.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.45 EPS. As a group, analysts anticipate that ANSYS, Inc. will post 7.39 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Wolfe Research reiterated a "peer perform" rating on shares of ANSYS in a research note on Wednesday, January 17th. Barclays boosted their price objective on ANSYS from $314.00 to $340.00 and gave the stock an "underweight" rating in a research report on Thursday, February 22nd. Rosenblatt Securities restated a "neutral" rating and set a $345.00 price target on shares of ANSYS in a research report on Friday. Mizuho decreased their target price on ANSYS from $350.00 to $330.00 and set a "neutral" rating for the company in a research report on Wednesday, January 17th. Finally, StockNews.com initiated coverage on ANSYS in a report on Wednesday. They issued a "hold" rating for the company. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $320.00.

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.