Clarius Group LLC Cuts Stake in ANSYS, Inc. (NASDAQ:ANSS)

Clarius Group LLC reduced its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) by 4.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 882 shares of the software maker’s stock after selling 41 shares during the period. Clarius Group LLC’s holdings in ANSYS were worth $320,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of ANSS. Wellington Management Group LLP lifted its holdings in shares of ANSYS by 167.4% during the 3rd quarter. Wellington Management Group LLP now owns 1,286,790 shares of the software maker’s stock worth $382,884,000 after acquiring an additional 805,657 shares during the period. Norges Bank purchased a new position in ANSYS in the fourth quarter valued at approximately $169,860,000. Select Equity Group L.P. raised its holdings in ANSYS by 63.6% in the first quarter. Select Equity Group L.P. now owns 1,265,997 shares of the software maker’s stock valued at $421,324,000 after buying an additional 491,935 shares during the period. Alecta Tjanstepension Omsesidigt purchased a new position in ANSYS in the fourth quarter valued at approximately $145,144,000. Finally, Comerica Bank raised its holdings 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 buying an additional 313,285 shares during the period. 92.39% of the stock is currently owned by hedge funds and other institutional investors.

ANSYS Stock Down 1.7 %

ANSS stock opened at $334.20 on Monday. ANSYS, Inc. has a twelve month low of $258.01 and a twelve month high of $364.31. The company has a current ratio of 2.30, a quick ratio of 2.30 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $29.18 billion, a P/E ratio of 58.32, a PEG ratio of 5.28 and a beta of 1.16. The firm has a 50 day simple moving average of $338.55 and a 200-day simple moving average of $319.51.

ANSYS (NASDAQ:ANSS) last released its quarterly earnings results on Wednesday, February 21st. The software maker reported $3.94 earnings per share for the quarter, topping analysts’ consensus estimates of $3.71 by $0.23. ANSYS had a net margin of 22.05% and a return on equity of 11.83%. The business had revenue of $805.10 million during the quarter, compared to the consensus estimate of $797.49 million. During the same quarter last year, the company earned $2.61 earnings per share. The business’s quarterly revenue was up 15.9% compared to the same quarter last year. On average, equities research analysts predict that ANSYS, Inc. will post 7.34 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Rosenblatt Securities restated a “neutral” rating and issued a $345.00 price target on shares of ANSYS in a report on Tuesday, March 5th. StockNews.com assumed coverage on shares of ANSYS in a report on Monday. They issued a “hold” rating on the stock. Wolfe Research reaffirmed a “peer perform” rating on shares of ANSYS in a research report on Wednesday, January 17th. Mizuho lowered their price objective on shares of ANSYS from $350.00 to $330.00 and set a “neutral” rating for the company in a research report on Wednesday, January 17th. Finally, Barclays increased their price objective on shares of ANSYS from $314.00 to $340.00 and gave the company an “underweight” rating in a research report on Thursday, February 22nd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $322.75.

Insiders Place Their Bets

In other ANSYS news, Director Glenda Dorchak sold 150 shares of the firm’s stock in a transaction on Monday, April 8th. The stock was sold at an average price of $342.08, for a total value of $51,312.00. Following the sale, the director now directly owns 3,049 shares in the company, valued at $1,043,001.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.53% of the stock is currently owned by corporate insiders.

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.