Metropolitan Life Insurance Co. NY Lowers Stake in ANSYS, Inc. (ANSS)

Metropolitan Life Insurance Co. NY lowered its holdings in ANSYS, Inc. (NASDAQ:ANSS) by 61.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,828 shares of the software maker’s stock after selling 27,152 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in ANSYS were worth $2,484,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of ANSS. Cerebellum GP LLC bought a new stake in shares of ANSYS in the fourth quarter valued at approximately $122,000. Calton & Associates Inc. bought a new stake in shares of ANSYS in the fourth quarter valued at approximately $184,000. Zions Bancorporation increased its holdings in ANSYS by 9,070.6% during the 3rd quarter. Zions Bancorporation now owns 1,559 shares of the software maker’s stock worth $191,000 after acquiring an additional 1,542 shares during the period. Conning Inc. bought a new stake in ANSYS during the 4th quarter worth approximately $204,000. Finally, Diversified Trust Co bought a new stake in ANSYS during the 4th quarter worth approximately $210,000. 96.50% of the stock is currently owned by institutional investors.

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A number of analysts recently weighed in on ANSS shares. BidaskClub lowered shares of ANSYS from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 24th. Zacks Investment Research raised shares of ANSYS from a “hold” rating to a “buy” rating and set a $181.00 target price on the stock in a report on Wednesday, February 28th. Wedbush reaffirmed a “neutral” rating and set a $136.00 target price (down previously from $160.00) on shares of ANSYS in a report on Friday, February 23rd. Berenberg Bank raised shares of ANSYS from a “hold” rating to a “buy” rating and set a $123.00 target price on the stock in a report on Tuesday, January 30th. Finally, ValuEngine raised shares of ANSYS from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. ANSYS presently has a consensus rating of “Hold” and an average target price of $132.00.

In other news, VP Richard S. Mahoney sold 8,527 shares of the stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $17.84, for a total value of $152,121.68. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Bradford C. Morley sold 24,500 shares of the stock in a transaction on Wednesday, March 7th. The stock was sold at an average price of $165.06, for a total transaction of $4,043,970.00. The disclosure for this sale can be found here. Insiders sold a total of 61,691 shares of company stock worth $8,852,518 in the last three months. Insiders own 1.30% of the company’s stock.

ANSS stock opened at $157.74 on Friday. The company has a market cap of $13,621.55, a price-to-earnings ratio of 52.76 and a beta of 1.04. ANSYS, Inc. has a twelve month low of $104.55 and a twelve month high of $171.92.

ANSYS (NASDAQ:ANSS) last issued its quarterly earnings results on Wednesday, February 21st. The software maker reported $1.07 EPS for the quarter, topping the Zacks’ consensus estimate of $1.03 by $0.04. The firm had revenue of $302.34 million for the quarter, compared to analyst estimates of $290.66 million. ANSYS had a net margin of 23.67% and a return on equity of 13.77%. The business’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.98 EPS. equities analysts anticipate that ANSYS, Inc. will post 4.41 earnings per share for the current year.

ANSYS declared that its Board of Directors has approved a share buyback program on Wednesday, February 21st that authorizes the company to repurchase 5,000,000 outstanding shares. This repurchase authorization authorizes the software maker to buy shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

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ANSYS Company Profile

ANSYS, Inc (ANSYS) develops and markets engineering simulation software and services used by engineers, designers, researchers and students across a range of industries and academia, including aerospace and defense, automotive, industrial equipment, electronics, biomedical, energy, materials and chemical processing, and semiconductors.

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Institutional Ownership by Quarter for ANSYS (NASDAQ:ANSS)

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