Aviva PLC Sells 2,855 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Aviva PLC reduced its position in shares of ANSYS, Inc. (NASDAQ:ANSS) by 8.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 29,260 shares of the software maker’s stock after selling 2,855 shares during the quarter. Aviva PLC’s holdings in ANSYS were worth $10,155,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Holocene Advisors LP bought a new position in ANSYS in the 1st quarter worth approximately $134,446,000. Ninety One UK Ltd bought a new position in shares of ANSYS during the 1st quarter worth $102,220,000. Parnassus Investments CA grew its position in shares of ANSYS by 482.7% during the 1st quarter. Parnassus Investments CA now owns 353,539 shares of the software maker’s stock worth $120,048,000 after buying an additional 292,862 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its position in shares of ANSYS by 55.4% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 710,474 shares of the software maker’s stock worth $246,577,000 after buying an additional 253,358 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in shares of ANSYS by 100.2% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 316,028 shares of the software maker’s stock worth $109,681,000 after buying an additional 158,134 shares in the last quarter. Institutional investors and hedge funds own 88.51% of the company’s stock.

Shares of NASDAQ:ANSS opened at $369.07 on Wednesday. ANSYS, Inc. has a 52-week low of $292.79 and a 52-week high of $413.19. The stock has a market cap of $32.20 billion, a price-to-earnings ratio of 70.84, a PEG ratio of 5.52 and a beta of 1.23. The company has a quick ratio of 2.72, a current ratio of 2.72 and a debt-to-equity ratio of 0.18. The business has a 50-day moving average price of $362.91 and a 200-day moving average price of $348.75.

ANSYS (NASDAQ:ANSS) last announced its quarterly earnings data on Tuesday, August 3rd. The software maker reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.56 by $0.29. ANSYS had a return on equity of 12.45% and a net margin of 25.40%. The firm had revenue of $452.55 million during the quarter, compared to analysts’ expectations of $433.34 million. During the same period last year, the business posted $1.55 earnings per share. The company’s revenue for the quarter was up 16.1% compared to the same quarter last year. As a group, equities analysts anticipate that ANSYS, Inc. will post 5.48 EPS for the current fiscal year.

A number of equities research analysts recently weighed in on the company. Citigroup raised their price objective on ANSYS from $345.00 to $380.00 and gave the company a “neutral” rating in a research report on Friday, August 6th. Credit Suisse Group raised their price objective on ANSYS from $389.00 to $398.00 and gave the company an “outperform” rating in a research report on Friday, August 6th. Stifel Nicolaus assumed coverage on ANSYS in a research report on Tuesday, May 25th. They set a “hold” rating and a $365.00 price objective on the stock. Zacks Investment Research raised ANSYS from a “hold” rating to a “buy” rating and set a $390.00 price objective on the stock in a research report on Tuesday, August 10th. Finally, Rosenblatt Securities increased their price target on ANSYS from $340.00 to $370.00 and gave the company a “neutral” rating in a research note on Friday, August 6th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $349.75.

In related news, CEO Ajei Gopal sold 63,726 shares of the business’s stock in a transaction on Tuesday, August 10th. The stock was sold at an average price of $364.07, for a total transaction of $23,200,724.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Alec D. Gallimore sold 625 shares of the company’s stock in a transaction dated Friday, July 9th. The stock was sold at an average price of $351.84, for a total value of $219,900.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 64,651 shares of company stock valued at $23,530,119. 0.63% of the stock is owned by company insiders.

About ANSYS

ANSYS, Inc engages in the development and marketing of engineering simulation software and services. It operates through the following geographical segments: United States; Japan; Germany; South Korea; France; China; Other EMEA; and Other International. The firm’s solutions include automotive; aerospace and defense; construction; energy; materials and chemical processing; autonomous engineering; and electrification.

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Institutional Ownership by Quarter for ANSYS (NASDAQ:ANSS)

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