GW&K Investment Management LLC trimmed its holdings in ANSYS, Inc. (NASDAQ:ANSS) by 15.3% in the fourth quarter, Holdings Channel reports. The fund owned 219,462 shares of the software maker’s stock after selling 39,526 shares during the period. GW&K Investment Management LLC’s holdings in ANSYS were worth $32,390,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Parallax Volatility Advisers L.P. bought a new stake in shares of ANSYS in the 2nd quarter worth approximately $138,000. ETF Managers Group LLC purchased a new position in shares of ANSYS in the second quarter worth $171,000. Zions Bancorporation increased its stake in shares of ANSYS by 9,070.6% in the third quarter. Zions Bancorporation now owns 1,559 shares of the software maker’s stock worth $191,000 after buying an additional 1,542 shares during the period. Calamos Advisors LLC purchased a new position in shares of ANSYS in the third quarter worth $201,000. Finally, Tocqueville Asset Management L.P. purchased a new position in shares of ANSYS in the third quarter worth $204,000. Hedge funds and other institutional investors own 96.74% of the company’s stock.

ANSYS, Inc. (NASDAQ:ANSS) opened at $161.54 on Friday. The stock has a market cap of $13,436.81, a price-to-earnings ratio of 45.24 and a beta of 1.07. ANSYS, Inc. has a 1 year low of $92.33 and a 1 year high of $161.95.

ANSYS (NASDAQ:ANSS) last issued its quarterly earnings data on Wednesday, November 1st. The software maker reported $1.05 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.95 by $0.10. The business had revenue of $276.77 million for the quarter, compared to the consensus estimate of $263.77 million. ANSYS had a net margin of 26.01% and a return on equity of 13.67%. The company’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.95 EPS. analysts anticipate that ANSYS, Inc. will post 3.57 EPS for the current year.

Several brokerages recently commented on ANSS. Zacks Investment Research downgraded shares of ANSYS from a “buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. Needham & Company LLC reaffirmed a “hold” rating on shares of ANSYS in a research note on Friday, November 3rd. Citigroup lifted their target price on shares of ANSYS from $125.00 to $160.00 and gave the stock a “neutral” rating in a research note on Friday, November 3rd. Wedbush reaffirmed a “neutral” rating and issued a $114.00 target price (down from $136.00) on shares of ANSYS in a research note on Friday, November 3rd. Finally, Royal Bank of Canada lifted their target price on shares of ANSYS from $130.00 to $147.00 and gave the stock a “sector perform” rating in a research note on Friday, November 3rd. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $128.91.

In other ANSYS news, VP Richard S. Mahoney sold 8,527 shares of the business’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $17.84, for a total transaction of $152,121.68. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Barbara Vaughn Scherer sold 1,000 shares of the business’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $150.00, for a total transaction of $150,000.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 27,031 shares of company stock worth $2,960,730. Insiders own 1.30% of the company’s stock.

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About ANSYS

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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