ANSYS, Inc. (NASDAQ:ANSS) Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp reduced its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS) by 77.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,800 shares of the software maker’s stock after selling 30,866 shares during the quarter. Mackenzie Financial Corp’s holdings in ANSYS were worth $3,193,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the business. Vontobel Holding Ltd. raised its stake in ANSYS by 7.3% during the 4th quarter. Vontobel Holding Ltd. now owns 323,592 shares of the software maker’s stock worth $117,425,000 after acquiring an additional 21,993 shares in the last quarter. Louisiana State Employees Retirement System purchased a new position in shares of ANSYS during the fourth quarter worth about $4,391,000. Koshinski Asset Management Inc. increased its position in shares of ANSYS by 17.3% during the fourth quarter. Koshinski Asset Management Inc. now owns 5,710 shares of the software maker’s stock worth $2,072,000 after purchasing an additional 844 shares in the last quarter. NewEdge Wealth LLC lifted its holdings in shares of ANSYS by 3.6% in the 4th quarter. NewEdge Wealth LLC now owns 11,974 shares of the software maker’s stock valued at $4,345,000 after purchasing an additional 415 shares during the last quarter. Finally, Sapient Capital LLC acquired a new stake in shares of ANSYS in the 4th quarter valued at about $788,000. Hedge funds and other institutional investors own 92.39% of the company’s stock.

ANSYS Trading Up 0.8 %

Shares of ANSYS stock opened at $324.81 on Tuesday. The company has a quick ratio of 2.30, a current ratio of 2.30 and a debt-to-equity ratio of 0.14. The firm has a market cap of $28.36 billion, a price-to-earnings ratio of 56.69, a price-to-earnings-growth ratio of 5.14 and a beta of 1.16. ANSYS, Inc. has a 52-week low of $258.01 and a 52-week high of $364.31. The company’s 50-day simple moving average is $336.86 and its 200-day simple moving average is $320.86.

ANSYS (NASDAQ:ANSS) last released its earnings results on Wednesday, February 21st. The software maker reported $3.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.71 by $0.23. The company had revenue of $805.10 million for the quarter, compared to analysts’ expectations of $797.49 million. ANSYS had a return on equity of 11.83% and a net margin of 22.05%. The firm’s quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.61 EPS. As a group, equities research analysts anticipate that ANSYS, Inc. will post 7.26 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Glenda Dorchak sold 150 shares of the company’s stock in a transaction on Monday, April 8th. The shares were sold at an average price of $342.08, for a total transaction of $51,312.00. Following the transaction, the director now directly owns 3,049 shares of the company’s stock, valued at approximately $1,043,001.92. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.53% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have commented on ANSS. Rosenblatt Securities reaffirmed a “neutral” rating and set a $345.00 price target on shares of ANSYS in a research report on Tuesday, March 5th. Wolfe Research reiterated a “peer perform” rating on shares of ANSYS in a research note on Wednesday, January 17th. StockNews.com started coverage on shares of ANSYS in a research note on Tuesday. They issued a “hold” rating on the stock. Mizuho decreased their target price on shares of ANSYS from $350.00 to $330.00 and set a “neutral” rating for the company in a research note on Wednesday, January 17th. Finally, Barclays raised their price target on ANSYS from $314.00 to $340.00 and gave the stock an “underweight” rating in a report on Thursday, February 22nd. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $323.86.

About ANSYS

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.