ETRADE Capital Management LLC trimmed its holdings in Ansys (NASDAQ:ANSS) by 9.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,931 shares of the software maker’s stock after selling 946 shares during the period. ETRADE Capital Management LLC’s holdings in Ansys were worth $1,399,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of ANSS. Cerebellum GP LLC purchased a new position in shares of Ansys in the 4th quarter worth about $122,000. Calton & Associates Inc. purchased a new position in shares of Ansys in the 4th quarter worth about $184,000. Conning Inc. purchased a new position in shares of Ansys in the 4th quarter worth about $204,000. Diversified Trust Co purchased a new position in shares of Ansys in the 4th quarter worth about $210,000. Finally, OppenheimerFunds Inc. purchased a new position in shares of Ansys in the 4th quarter worth about $212,000. 96.70% of the stock is currently owned by hedge funds and other institutional investors.

In other Ansys news, VP Richard S. Mahoney sold 2,039 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $162.01, for a total transaction of $330,338.39. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Bradford C. Morley sold 24,500 shares of the firm’s stock in a transaction that occurred on Wednesday, March 7th. The shares were sold at an average price of $165.06, for a total value of $4,043,970.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 30,248 shares of company stock worth $4,972,741. Company insiders own 1.10% of the company’s stock.

Shares of NASDAQ:ANSS opened at $165.48 on Wednesday. The stock has a market cap of $14.03 billion, a P/E ratio of 45.84 and a beta of 1.02. Ansys has a one year low of $163.78 and a one year high of $165.74.

Ansys (NASDAQ:ANSS) last announced its earnings results on Wednesday, May 2nd. The software maker reported $1.22 EPS for the quarter, beating the consensus estimate of $1.04 by $0.18. The business had revenue of $285.20 million for the quarter, compared to the consensus estimate of $276.56 million. Ansys had a return on equity of 14.51% and a net margin of 24.92%. The company’s revenue was up 12.5% on a year-over-year basis. During the same period last year, the business posted $0.89 EPS. research analysts predict that Ansys will post 4.4 earnings per share for the current year.

Ansys announced that its Board of Directors has authorized a share repurchase plan on Wednesday, February 21st that allows the company to buyback 5,000,000 shares. This buyback authorization allows the software maker to reacquire shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s leadership believes its shares are undervalued.

ANSS has been the topic of a number of research reports. ValuEngine upgraded Ansys from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. BidaskClub downgraded Ansys from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 24th. Zacks Investment Research upgraded Ansys from a “hold” rating to a “buy” rating and set a $181.00 price objective on the stock in a report on Wednesday, February 28th. Berenberg Bank upgraded Ansys from a “hold” rating to a “buy” rating and set a $123.00 price objective on the stock in a report on Tuesday, January 30th. Finally, Wedbush reiterated a “neutral” rating and set a $136.00 target price (down from $160.00) on shares of Ansys in a report on Friday, February 23rd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $136.10.

About Ansys

ANSYS, Inc develops and markets engineering simulation software and services used by engineers, designers, researchers, and students in the aerospace and defense, automotive, electronics, semiconductors, energy, materials and chemical processing, turbomachinery, consumer products, healthcare, and sports industries and academia worldwide.

Institutional Ownership by Quarter for Ansys (NASDAQ:ANSS)

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