ANSYS, Inc. (NASDAQ:ANSS) Shares Sold by M&T Bank Corp

M&T Bank Corp trimmed its position in ANSYS, Inc. (NASDAQ:ANSS – Get Rating) by 6.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 36,800 shares of the software maker’s stock after selling 2,676 shares during the period. M&T Bank Corp’s holdings in ANSYS were worth $8,159,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cetera Investment Advisers boosted its position in shares of ANSYS by 1.7% during the 2nd quarter. Cetera Investment Advisers now owns 2,321 shares of the software maker’s stock valued at $555,000 after purchasing an additional 38 shares in the last quarter. Veritable L.P. grew its position in ANSYS by 1.9% in the third quarter. Veritable L.P. now owns 2,206 shares of the software maker’s stock worth $489,000 after buying an additional 42 shares during the last quarter. Utah Retirement Systems increased its holdings in shares of ANSYS by 0.3% in the third quarter. Utah Retirement Systems now owns 15,606 shares of the software maker’s stock valued at $3,459,000 after buying an additional 42 shares in the last quarter. Heritage Wealth Management LLC boosted its stake in shares of ANSYS by 2.8% during the 3rd quarter. Heritage Wealth Management LLC now owns 1,743 shares of the software maker’s stock worth $386,000 after acquiring an additional 47 shares in the last quarter. Finally, Financial Consulate Inc. grew its holdings in shares of ANSYS by 3.4% in the 3rd quarter. Financial Consulate Inc. now owns 1,569 shares of the software maker’s stock worth $348,000 after acquiring an additional 52 shares during the last quarter. 89.82% of the stock is owned by institutional investors.

Insider Activity at ANSYS

In related news, SVP Janet Lee sold 984 shares of the firm’s stock in a transaction that occurred on Tuesday, February 28th. The shares were sold at an average price of $300.31, for a total transaction of $295,505.04. Following the transaction, the senior vice president now owns 24,384 shares of the company’s stock, valued at $7,322,759.04. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other ANSYS news, SVP Janet Lee sold 984 shares of the stock in a transaction on Tuesday, February 28th. The shares were sold at an average price of $300.31, for a total transaction of $295,505.04. Following the transaction, the senior vice president now directly owns 24,384 shares of the company’s stock, valued at $7,322,759.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Shane Emswiler sold 11,419 shares of the firm’s stock in a transaction dated Tuesday, February 21st. The shares were sold at an average price of $265.68, for a total value of $3,033,799.92. Following the transaction, the senior vice president now owns 32,821 shares in the company, valued at $8,719,883.28. The disclosure for this sale can be found here. In the last quarter, insiders sold 16,262 shares of company stock valued at $4,517,182. 0.54% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Loop Capital upped their target price on ANSYS from $230.00 to $310.00 in a report on Friday, February 24th. Royal Bank of Canada raised their target price on shares of ANSYS from $248.00 to $292.00 in a report on Friday, February 24th. Mizuho boosted their price target on shares of ANSYS from $220.00 to $260.00 and gave the company a “neutral” rating in a report on Friday, February 24th. Oppenheimer raised their price objective on shares of ANSYS from $275.00 to $330.00 in a research note on Thursday, February 23rd. Finally, Rosenblatt Securities boosted their target price on shares of ANSYS from $270.00 to $310.00 and gave the company a “buy” rating in a research note on Friday, February 24th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $286.25.

ANSYS Trading Up 0.2 %

ANSYS stock opened at $308.96 on Thursday. ANSYS, Inc. has a 12 month low of $194.23 and a 12 month high of $328.94. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 0.15. The stock has a market cap of $26.91 billion, a P/E ratio of 51.58, a P/E/G ratio of 5.71 and a beta of 1.24. The company’s fifty day simple moving average is $274.49 and its 200-day simple moving average is $249.31.

ANSYS (NASDAQ:ANSS – Get Rating) last issued its earnings results on Thursday, February 23rd. The software maker reported $3.09 EPS for the quarter, beating analysts’ consensus estimates of $2.80 by $0.29. ANSYS had a return on equity of 12.22% and a net margin of 25.35%. The firm had revenue of $694.70 million for the quarter, compared to the consensus estimate of $649.47 million. During the same quarter in the previous year, the company posted $2.41 earnings per share. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. As a group, sell-side analysts forecast that ANSYS, Inc. will post 6.8 EPS for the current fiscal year.

About ANSYS

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ANSYS, Inc engages in the development and marketing of engineering simulation software and services. The firm’s solutions include automotive, aerospace and defense, construction, energy, materials and chemical processing, autonomous engineering, and electrification. The company was founded by John A.