ANSYS, Inc. (NASDAQ:ANSS) Stock Position Lessened by Ownership Capital B.V.

Ownership Capital B.V. lessened its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) by 3.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 1,095,090 shares of the software maker’s stock after selling 37,364 shares during the quarter. ANSYS accounts for about 8.9% of Ownership Capital B.V.’s portfolio, making the stock its biggest position. Ownership Capital B.V.’s holdings in ANSYS were worth $397,386,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in ANSS. AE Wealth Management LLC boosted its holdings in shares of ANSYS by 3.0% during the 3rd quarter. AE Wealth Management LLC now owns 2,925 shares of the software maker’s stock valued at $870,000 after acquiring an additional 85 shares during the last quarter. IFP Advisors Inc lifted its stake in shares of ANSYS by 11.7% in the 3rd quarter. IFP Advisors Inc now owns 363 shares of the software maker’s stock worth $108,000 after purchasing an additional 38 shares during the period. DAVENPORT & Co LLC lifted its stake in shares of ANSYS by 5.2% in the 3rd quarter. DAVENPORT & Co LLC now owns 1,351 shares of the software maker’s stock worth $402,000 after purchasing an additional 67 shares during the period. Czech National Bank lifted its stake in shares of ANSYS by 47.9% in the 3rd quarter. Czech National Bank now owns 15,169 shares of the software maker’s stock worth $4,514,000 after purchasing an additional 4,910 shares during the period. Finally, Handelsbanken Fonder AB lifted its stake in shares of ANSYS by 5.9% in the 3rd quarter. Handelsbanken Fonder AB now owns 17,783 shares of the software maker’s stock worth $5,291,000 after purchasing an additional 984 shares during the period. Hedge funds and other institutional investors own 92.39% of the company’s stock.

Insider Activity

In other news, Director Glenda Dorchak sold 150 shares of ANSYS stock in a transaction that occurred on 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 owns 3,049 shares in the company, valued at $1,043,001.92. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.53% of the company’s stock.

ANSYS Stock Performance

NASDAQ ANSS traded up $6.71 on Friday, reaching $333.75. 251,788 shares of the stock were exchanged, compared to its average volume of 322,008. ANSYS, Inc. has a one year low of $258.01 and a one year high of $364.31. The firm has a market capitalization of $29.14 billion, a PE ratio of 58.25, a PEG ratio of 5.13 and a beta of 1.16. The company’s 50-day simple moving average is $336.80 and its two-hundred day simple moving average is $321.39. 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 (NASDAQ:ANSS) last released its quarterly earnings data on Wednesday, February 21st. The software maker reported $3.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.71 by $0.23. The firm had revenue of $805.10 million for the quarter, compared to analysts’ expectations of $797.49 million. ANSYS had a net margin of 22.05% and a return on equity of 11.83%. The company’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter last year, the business posted $2.61 earnings per share. Analysts expect that ANSYS, Inc. will post 7.39 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Wolfe Research reiterated a “peer perform” rating on shares of ANSYS in a research note on Wednesday, January 17th. StockNews.com assumed coverage on shares of ANSYS in a research note on Tuesday. They issued a “hold” rating on the stock. Rosenblatt Securities reiterated a “neutral” rating and issued a $345.00 price objective on shares of ANSYS in a research note on Tuesday, March 5th. Barclays raised their target price on shares of ANSYS from $314.00 to $340.00 and gave the stock an “underweight” rating in a research note on Thursday, February 22nd. Finally, Mizuho decreased their target price 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. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, ANSYS presently has an average rating of “Hold” and an average target price of $320.00.

About ANSYS

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.