ANSYS, Inc. (NASDAQ:ANSS) Position Reduced by Bank Julius Baer & Co. Ltd Zurich

Bank Julius Baer & Co. Ltd Zurich trimmed its stake in ANSYS, Inc. (NASDAQ:ANSS) by 10.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 130,008 shares of the software maker’s stock after selling 14,470 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich owned 0.15% of ANSYS worth $47,177,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in ANSS. Wellington Management Group LLP increased its holdings in ANSYS by 167.4% in the third quarter. Wellington Management Group LLP now owns 1,286,790 shares of the software maker’s stock worth $382,884,000 after buying an additional 805,657 shares during the last quarter. Alecta Tjanstepension Omsesidigt acquired a new position in ANSYS during the fourth quarter valued at approximately $145,144,000. Comerica Bank grew its holdings in ANSYS by 1,922.9% during the third quarter. Comerica Bank now owns 329,577 shares of the software maker’s stock valued at $98,066,000 after purchasing an additional 313,285 shares during the last quarter. Morgan Stanley grew its holdings in ANSYS by 18.0% during the third quarter. Morgan Stanley now owns 1,010,937 shares of the software maker’s stock valued at $300,805,000 after purchasing an additional 154,325 shares during the last quarter. Finally, California Public Employees Retirement System grew its holdings in ANSYS by 76.0% during the third quarter. California Public Employees Retirement System now owns 346,120 shares of the software maker’s stock valued at $102,988,000 after purchasing an additional 149,496 shares during the last quarter. 92.39% of the stock is owned by hedge funds and other institutional investors.

ANSYS Trading Up 2.1 %

Shares of ANSYS stock traded up $6.71 during trading on Friday, hitting $333.75. 251,761 shares of the company were exchanged, compared to its average volume of 680,264. The firm has a market capitalization of $29.14 billion, a P/E ratio of 58.33, a price-to-earnings-growth ratio of 5.15 and a beta of 1.16. ANSYS, Inc. has a 1-year low of $258.01 and a 1-year high of $364.31. The firm’s fifty day moving average price is $336.72 and its 200 day moving average price is $321.16. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.30 and a quick ratio of 2.30.

ANSYS (NASDAQ:ANSS) last released its quarterly earnings data on Wednesday, February 21st. The software maker reported $3.94 earnings per share for the quarter, beating the consensus estimate of $3.71 by $0.23. ANSYS had a return on equity of 11.83% and a net margin of 22.05%. The business had revenue of $805.10 million for the quarter, compared to analysts’ expectations of $797.49 million. During the same quarter in the previous year, the business posted $2.61 EPS. ANSYS’s revenue for the quarter was up 15.9% on a year-over-year basis. As a group, sell-side analysts expect that ANSYS, Inc. will post 7.39 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ANSS. StockNews.com began coverage on shares of ANSYS in a research note on Tuesday. They issued a “hold” rating on the stock. Mizuho reduced their target price on ANSYS from $350.00 to $330.00 and set a “neutral” rating for the company in a research report on Wednesday, January 17th. Barclays raised their target price on ANSYS from $314.00 to $340.00 and gave the stock an “underweight” rating in a research report on Thursday, February 22nd. Wolfe Research reaffirmed a “peer perform” rating on shares of ANSYS in a research report on Wednesday, January 17th. Finally, Rosenblatt Securities reaffirmed a “neutral” rating and issued a $345.00 target price on shares of ANSYS in a research report on Tuesday, March 5th. Two 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 data from MarketBeat, ANSYS currently has an average rating of “Hold” and an average price target of $320.00.

Insider Buying and Selling at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 150 shares of the business’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $342.08, for a total value of $51,312.00. Following the sale, the director now owns 3,049 shares in the company, valued at approximately $1,043,001.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company 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.