Nuveen Asset Management LLC Lowers Holdings in ANSYS, Inc. (NASDAQ:ANSS)

Nuveen Asset Management LLC trimmed its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 1.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 377,411 shares of the software maker's stock after selling 4,654 shares during the quarter. Nuveen Asset Management LLC owned 0.43% of ANSYS worth $127,312,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Ameliora Wealth Management Ltd. purchased a new stake in ANSYS during the 4th quarter worth approximately $27,000. Quarry LP increased its position in shares of ANSYS by 1,550.0% in the 4th quarter. Quarry LP now owns 99 shares of the software maker's stock valued at $33,000 after acquiring an additional 93 shares during the period. Assetmark Inc. grew its stake in ANSYS by 468.2% during the 4th quarter. Assetmark Inc. now owns 125 shares of the software maker's stock valued at $42,000 after purchasing an additional 103 shares during the last quarter. Millstone Evans Group LLC purchased a new stake in ANSYS during the 4th quarter valued at about $42,000. Finally, Kapitalo Investimentos Ltda purchased a new stake in ANSYS during the 4th quarter valued at about $43,000. 92.39% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the stock in a transaction that occurred on Monday, April 14th. The stock was sold at an average price of $300.01, for a total transaction of $60,002.00. Following the completion of the transaction, the director now owns 3,230 shares of the company's stock, valued at $969,032.30. This represents a 5.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.61% of the company's stock.

ANSYS Price Performance

NASDAQ:ANSS traded up $2.02 during trading hours on Tuesday, reaching $346.00. 396,267 shares of the company were exchanged, compared to its average volume of 494,144. The stock's 50-day moving average is $317.64 and its 200-day moving average is $332.69. ANSYS, Inc. has a twelve month low of $275.06 and a twelve month high of $363.03. The firm has a market cap of $30.42 billion, a PE ratio of 52.82, a price-to-earnings-growth ratio of 3.48 and a beta of 1.21. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 0.12.

ANSYS (NASDAQ:ANSS - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The software maker reported $1.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.75 by ($0.11). ANSYS had a return on equity of 12.69% and a net margin of 22.62%. The firm had revenue of $504.89 million during the quarter, compared to analyst estimates of $516.81 million. During the same quarter in the previous year, the firm posted $1.39 earnings per share. The company's quarterly revenue was up 8.2% on a year-over-year basis. On average, sell-side analysts anticipate that ANSYS, Inc. will post 8.32 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ANSS has been the topic of several research analyst reports. StockNews.com downgraded ANSYS from a "buy" rating to a "hold" rating in a research note on Wednesday, May 7th. Rosenblatt Securities upped their target price on ANSYS from $335.00 to $340.00 and gave the stock a "neutral" rating in a research note on Friday, February 21st.

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.