Mawer Investment Management Ltd. Lowers Stock Position in ANSYS, Inc. (NASDAQ:ANSS)


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Mawer Investment Management Ltd. cut its position in shares of ANSYS, Inc. (NASDAQ:ANSS) by 13.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 402,523 shares of the software maker’s stock after selling 63,587 shares during the period. Mawer Investment Management Ltd.’s holdings in ANSYS were worth $146,405,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ANSS. FinTrust Capital Advisors LLC lifted its holdings in ANSYS by 114.3% during the third quarter. FinTrust Capital Advisors LLC now owns 75 shares of the software maker’s stock valued at $25,000 after purchasing an additional 40 shares in the last quarter. Perigon Wealth Management LLC purchased a new position in ANSYS during the fourth quarter valued at $32,000. CX Institutional lifted its holdings in ANSYS by 47.8% during the fourth quarter. CX Institutional now owns 102 shares of the software maker’s stock valued at $37,000 after purchasing an additional 33 shares in the last quarter. Hoover Financial Advisors Inc. purchased a new position in ANSYS during the fourth quarter valued at $37,000. Finally, BNC Wealth Management LLC purchased a new position in ANSYS during the third quarter valued at $38,000. 89.44% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ:ANSS traded down $9.24 on Tuesday, reaching $373.96. 7,701 shares of the company were exchanged, compared to its average volume of 427,307. The firm has a market cap of $32.12 billion, a price-to-earnings ratio of 86.70 and a beta of 1.23. The company has a current ratio of 2.60, a quick ratio of 2.60 and a debt-to-equity ratio of 0.12. The company has a 50-day moving average of $375.95 and a 200-day moving average of $341.29. ANSYS, Inc. has a 1-year low of $200.07 and a 1-year high of $413.19.

In related news, CFO Maria T. Shields sold 14,296 shares of the stock in a transaction that occurred on Monday, January 4th. The shares were sold at an average price of $367.87, for a total transaction of $5,259,069.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Richard S. Mahoney sold 3,224 shares of the stock in a transaction that occurred on Tuesday, February 16th. The stock was sold at an average price of $409.00, for a total transaction of $1,318,616.00. Following the sale, the senior vice president now directly owns 42,411 shares of the company’s stock, valued at approximately $17,346,099. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 30,569 shares of company stock worth $11,495,497. Insiders own 0.58% of the company’s stock.

Several equities analysts have recently weighed in on the stock. Royal Bank of Canada raised their price target on shares of ANSYS from $310.00 to $348.00 and gave the stock a “sector perform” rating in a research note on Tuesday, October 27th. Credit Suisse Group assumed coverage on shares of ANSYS in a research report on Tuesday, November 24th. They set an “outperform” rating for the company. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company’s stock. ANSYS has an average rating of “Hold” and a consensus price target of $312.00.

About ANSYS

ANSYS, Inc develops and markets engineering simulation software and services worldwide. The company offers ANSYS Workbench, a framework upon which its engineering simulation technologies are built; multiphysics software to simulate the interactions between structures, heat transfer, fluids, and electronics in a unified engineering simulation environment; high-performance computing product suite, which delivers cross-physics parallel processing capabilities for simulation software; and structural analysis product suite that provides simulation tools for product design and optimization.

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Institutional Ownership by Quarter for ANSYS (NASDAQ:ANSS)

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