Acadian Asset Management LLC Sells 6,416 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Acadian Asset Management LLC lowered its stake in ANSYS, Inc. (NASDAQ:ANSS) by 53.5% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 5,569 shares of the software maker’s stock after selling 6,416 shares during the quarter. Acadian Asset Management LLC’s holdings in ANSYS were worth $1,851,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ANSS. Toronto Dominion Bank raised its holdings in shares of ANSYS by 2.4% during the fourth quarter. Toronto Dominion Bank now owns 49,429 shares of the software maker’s stock valued at $11,934,000 after acquiring an additional 1,175 shares in the last quarter. State of Michigan Retirement System raised its holdings in shares of ANSYS by 0.8% during the first quarter. State of Michigan Retirement System now owns 23,911 shares of the software maker’s stock valued at $7,958,000 after acquiring an additional 200 shares in the last quarter. AE Wealth Management LLC raised its holdings in shares of ANSYS by 6.1% during the first quarter. AE Wealth Management LLC now owns 2,969 shares of the software maker’s stock valued at $988,000 after acquiring an additional 172 shares in the last quarter. Picton Mahoney Asset Management bought a new position in shares of ANSYS during the fourth quarter valued at approximately $149,000. Finally, Creative Planning raised its holdings in shares of ANSYS by 30.2% during the fourth quarter. Creative Planning now owns 5,413 shares of the software maker’s stock valued at $1,308,000 after acquiring an additional 1,256 shares in the last quarter. Institutional investors own 90.21% of the company’s stock.

ANSYS Trading Up 0.1 %

NASDAQ ANSS opened at $319.03 on Friday. ANSYS, Inc. has a 12 month low of $194.23 and a 12 month high of $351.23. The stock has a market cap of $27.69 billion, a P/E ratio of 53.17, a P/E/G ratio of 5.78 and a beta of 1.24. The stock’s fifty day moving average price is $320.61 and its 200-day moving average price is $314.62. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.15.

ANSYS (NASDAQ:ANSS) last released its earnings results on Thursday, August 3rd. The software maker reported $1.60 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.11. ANSYS had a return on equity of 11.83% and a net margin of 24.12%. The firm had revenue of $496.60 million for the quarter, compared to analysts’ expectations of $490.05 million. During the same period in the prior year, the firm posted $1.39 earnings per share. The company’s quarterly revenue was up 4.8% on a year-over-year basis. As a group, equities analysts forecast that ANSYS, Inc. will post 6.61 EPS for the current fiscal year.

Insider Activity at ANSYS

In related news, CEO Ajei Gopal sold 52,221 shares of the stock in a transaction on Monday, June 12th. The stock was sold at an average price of $328.01, for a total transaction of $17,129,010.21. Following the sale, the chief executive officer now directly owns 213,977 shares of the company’s stock, valued at $70,186,595.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other ANSYS news, SVP Janet Lee sold 2,580 shares of the stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $326.21, for a total value of $841,621.80. Following the transaction, the senior vice president now owns 20,491 shares of the company’s stock, valued at $6,684,369.11. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Ajei Gopal sold 52,221 shares of the firm’s stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $328.01, for a total value of $17,129,010.21. Following the completion of the transaction, the chief executive officer now directly owns 213,977 shares in the company, valued at approximately $70,186,595.77. The disclosure for this sale can be found here. Insiders have sold 68,263 shares of company stock valued at $22,672,660 over the last ninety days. Insiders own 0.53% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on ANSS shares. StockNews.com started coverage on ANSYS in a report on Thursday, August 17th. They set a “hold” rating for the company. Rosenblatt Securities reaffirmed a “buy” rating and issued a $320.00 price target on shares of ANSYS in a research note on Friday, August 4th. TheStreet cut ANSYS from a “b-” rating to a “c+” rating in a research note on Tuesday, August 22nd. Barclays upped their price target on ANSYS from $292.00 to $303.00 and gave the stock an “underweight” rating in a research note on Friday, July 14th. Finally, Mizuho upped their price target on ANSYS from $280.00 to $310.00 in a research note on Monday, July 17th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $317.45.

ANSYS Profile

ANSYS, Inc develops and markets engineering simulation software and services worldwide. It offers ANSYS Workbench, a framework upon which its multiphysics engineering simulation technologies are built and enables engineers to simulate the interactions between structures, heat transfer, fluids, electronics, and optical elements in a unified engineering simulation environment; high-performance computing product suite and the cloud; power analysis and optimization software suite that manages the power budget, power delivery integrity, and power-induced noise in an electronic design; and structural analysis product suite that provides simulation tools for product design and optimization.