King Luther Capital Management Corp Sells 11,472 Shares of ANSYS, Inc. (NASDAQ:ANSS)

King Luther Capital Management Corp lowered its position in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 13.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 75,985 shares of the software maker's stock after selling 11,472 shares during the period. King Luther Capital Management Corp owned 0.09% of ANSYS worth $27,573,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of ANSS. Wellington Management Group LLP lifted its position in ANSYS by 167.4% in the third quarter. Wellington Management Group LLP now owns 1,286,790 shares of the software maker's stock valued at $382,884,000 after acquiring an additional 805,657 shares during the last quarter. Norges Bank purchased a new stake in ANSYS in the fourth quarter valued at $282,329,000. Alecta Tjanstepension Omsesidigt purchased a new stake in ANSYS in the fourth quarter valued at $145,144,000. Comerica Bank lifted its position in ANSYS by 1,922.9% in the third quarter. Comerica Bank now owns 329,577 shares of the software maker's stock valued at $98,066,000 after acquiring an additional 313,285 shares during the last quarter. Finally, Morgan Stanley lifted its position in ANSYS by 18.0% in the third quarter. Morgan Stanley now owns 1,010,937 shares of the software maker's stock valued at $300,805,000 after acquiring an additional 154,325 shares during the last quarter. Institutional investors and hedge funds own 92.39% of the company's stock.

Insiders Place Their Bets

In other news, Director Glenda Dorchak sold 150 shares of the firm's stock in a transaction on 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.46% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages have recently commented on ANSS. StockNews.com assumed coverage on shares of ANSYS in a report on Friday, May 17th. They issued a "hold" rating for the company. Rosenblatt Securities reissued a "neutral" rating and set a $345.00 price target on shares of ANSYS in a report on Friday, May 3rd. Finally, Barclays increased their price target on shares of ANSYS from $314.00 to $340.00 and gave the stock an "underweight" rating in a report on Thursday, February 22nd. Two 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 data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $320.00.

ANSYS Trading Down 0.1 %

NASDAQ ANSS traded down $0.43 during mid-day trading on Wednesday, reaching $326.36. 591,934 shares of the stock were exchanged, compared to its average volume of 636,147. ANSYS, Inc. has a 1-year low of $258.01 and a 1-year high of $364.31. The business's fifty day simple moving average is $333.45 and its 200 day simple moving average is $326.79. The stock has a market capitalization of $28.49 billion, a PE ratio of 65.40, a PEG ratio of 7.20 and a beta of 1.16. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.80 and a current ratio of 2.80.

ANSYS (NASDAQ:ANSS - Get Free Report) last posted its quarterly earnings results on Wednesday, May 1st. The software maker reported $1.39 earnings per share for the quarter, missing analysts' consensus estimates of $1.93 by ($0.54). The company had revenue of $466.60 million for the quarter, compared to analysts' expectations of $549.85 million. ANSYS had a return on equity of 10.45% and a net margin of 19.51%. The business's revenue for the quarter was down 8.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.45 EPS. On average, research analysts anticipate that ANSYS, Inc. will post 7.16 earnings per share for the current fiscal year.

ANSYS Company 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.