ANSYS, Inc. (NASDAQ:ANSS) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company trimmed its holdings in ANSYS, Inc. (NASDAQ:ANSSFree Report) by 0.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 60,265 shares of the software maker’s stock after selling 509 shares during the period. The Manufacturers Life Insurance Company owned about 0.07% of ANSYS worth $21,869,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in ANSS. CVA Family Office LLC bought a new stake in shares of ANSYS in the 4th quarter worth about $28,000. Raleigh Capital Management Inc. increased its holdings in ANSYS by 135.7% in the third quarter. Raleigh Capital Management Inc. now owns 99 shares of the software maker’s stock valued at $29,000 after buying an additional 57 shares during the last quarter. Quest Partners LLC acquired a new stake in ANSYS during the fourth quarter valued at approximately $29,000. DSM Capital Partners LLC bought a new position in ANSYS during the 4th quarter worth approximately $34,000. Finally, Turtle Creek Wealth Advisors LLC acquired a new position in shares of ANSYS in the 4th quarter worth approximately $47,000. 92.39% of the stock is currently owned by hedge funds and other institutional investors.

ANSYS Stock Performance

ANSS opened at $324.30 on Friday. The company has a current ratio of 2.80, a quick ratio of 2.80 and a debt-to-equity ratio of 0.14. The business’s 50 day moving average is $328.79 and its 200-day moving average is $329.38. The stock has a market cap of $28.31 billion, a PE ratio of 65.12, a price-to-earnings-growth ratio of 7.12 and a beta of 1.14. ANSYS, Inc. has a twelve month low of $258.01 and a twelve month high of $364.31.

ANSYS (NASDAQ:ANSSGet Free Report) last announced its earnings results on Wednesday, May 1st. The software maker reported $1.39 earnings per share for the quarter, missing the consensus estimate of $1.93 by ($0.54). ANSYS had a net margin of 19.51% and a return on equity of 10.45%. The business had revenue of $466.60 million for the quarter, compared to the consensus estimate of $549.85 million. During the same period in the previous year, the firm earned $1.45 EPS. The firm’s revenue was down 8.4% on a year-over-year basis. On average, analysts predict that ANSYS, Inc. will post 7.16 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ANSS. Rosenblatt Securities restated a “neutral” rating and set a $345.00 price objective on shares of ANSYS in a research note on Friday, May 3rd. StockNews.com assumed coverage on shares of ANSYS in a research report on Sunday, June 2nd. They issued a “hold” rating on the stock. Finally, Barclays boosted 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 research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $320.00.

View Our Latest Stock Analysis on ANSS

Insider Buying and Selling

In other ANSYS news, Director Glenda Dorchak sold 150 shares of the firm’s stock in a transaction dated 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 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 can be accessed through this link. Corporate insiders own 0.46% of the company’s stock.

ANSYS Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for ANSYS (NASDAQ:ANSS)

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