Ninety One UK Ltd Sells 24,924 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Ninety One UK Ltd reduced its stake in ANSYS, Inc. (NASDAQ:ANSS) by 3.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 740,684 shares of the software maker’s stock after selling 24,924 shares during the period. Ninety One UK Ltd’s holdings in ANSYS were worth $268,779,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of ANSS. American Century Companies Inc. increased its holdings in shares of ANSYS by 12.4% in the first quarter. American Century Companies Inc. now owns 2,254 shares of the software maker’s stock valued at $716,000 after purchasing an additional 248 shares during the last quarter. Panagora Asset Management Inc. increased its holdings in shares of ANSYS by 59.0% in the first quarter. Panagora Asset Management Inc. now owns 4,430 shares of the software maker’s stock valued at $1,407,000 after purchasing an additional 1,643 shares during the last quarter. Cibc World Market Inc. increased its holdings in shares of ANSYS by 7.3% in the first quarter. Cibc World Market Inc. now owns 2,323 shares of the software maker’s stock valued at $738,000 after purchasing an additional 158 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of ANSYS by 3.5% in the first quarter. Dimensional Fund Advisors LP now owns 301,397 shares of the software maker’s stock valued at $95,742,000 after purchasing an additional 10,284 shares during the last quarter. Finally, Allianz Asset Management GmbH increased its holdings in shares of ANSYS by 4.5% in the first quarter. Allianz Asset Management GmbH now owns 71,045 shares of the software maker’s stock valued at $22,567,000 after purchasing an additional 3,063 shares during the last quarter. 92.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

ANSYS Price Performance

ANSYS stock traded down $2.19 during trading hours on Thursday, reaching $323.43. 58,465 shares of the stock were exchanged, compared to its average volume of 709,847. The company has a market cap of $28.24 billion, a P/E ratio of 56.83, a price-to-earnings-growth ratio of 5.21 and a beta of 1.16. The company has a current ratio of 2.30, a quick ratio of 2.30 and a debt-to-equity ratio of 0.14. ANSYS, Inc. has a twelve month low of $258.01 and a twelve month high of $364.31. The stock has a 50 day moving average of $337.94 and a two-hundred day moving average of $319.97.

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

Insiders Place Their Bets

In other ANSYS news, Director Glenda Dorchak sold 150 shares of the 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 sale, the director now directly owns 3,049 shares in the company, valued at $1,043,001.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.53% of the company’s stock.

ANSYS 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.