Swiss National Bank Sells 7,400 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Swiss National Bank lessened its position in ANSYS, Inc. (NASDAQ:ANSS) by 2.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 271,400 shares of the software maker’s stock after selling 7,400 shares during the period. Swiss National Bank’s holdings in ANSYS were worth $98,486,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in ANSYS by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 10,028,851 shares of the software maker’s stock valued at $2,984,085,000 after purchasing an additional 25,426 shares in the last quarter. Bamco Inc. NY increased its stake in shares of ANSYS by 0.6% in the third quarter. Bamco Inc. NY now owns 2,002,717 shares of the software maker’s stock valued at $595,908,000 after buying an additional 11,774 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of ANSYS by 167.4% in the third quarter. Wellington Management Group LLP now owns 1,286,790 shares of the software maker’s stock valued at $382,884,000 after buying an additional 805,657 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its position in ANSYS by 3.8% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,265,371 shares of the software maker’s stock worth $376,511,000 after buying an additional 46,628 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its holdings in ANSYS by 7.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,195,065 shares of the software maker’s stock worth $355,592,000 after acquiring an additional 81,457 shares during the last quarter. Institutional investors own 92.39% of the company’s stock.

Wall Street Analysts Forecast Growth

ANSS has been the subject of a number of research analyst reports. StockNews.com started coverage on shares of ANSYS in a research note on Wednesday. They issued a “hold” rating for the company. Wolfe Research reaffirmed a “peer perform” rating on shares of ANSYS in a report on Wednesday, January 17th. Mizuho decreased their price objective on ANSYS from $350.00 to $330.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 17th. Rosenblatt Securities restated a “neutral” rating and set a $345.00 target price on shares of ANSYS in a research report on Friday. Finally, Barclays raised their price target on ANSYS from $314.00 to $340.00 and gave the company an “underweight” rating in a report on Thursday, February 22nd. 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 stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $320.00.

ANSYS Stock Up 1.6 %

NASDAQ:ANSS opened at $319.52 on Friday. The stock’s fifty day simple moving average is $335.57 and its 200-day simple moving average is $322.16. The firm has a market capitalization of $27.89 billion, a P/E ratio of 64.16, a P/E/G ratio of 5.01 and a beta of 1.16. The company has a quick ratio of 2.30, a current ratio of 2.80 and a debt-to-equity ratio of 0.14. ANSYS, Inc. has a 12-month low of $258.01 and a 12-month high of $364.31.

ANSYS (NASDAQ:ANSS) last issued its earnings results on Wednesday, May 1st. The software maker reported $1.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.54). The company had revenue of $466.60 million for the quarter, compared to the consensus estimate of $549.85 million. ANSYS had a return on equity of 10.45% and a net margin of 19.51%. ANSYS’s quarterly revenue was down 8.4% on a year-over-year basis. During the same quarter last year, the business posted $1.45 EPS. Equities research analysts expect that ANSYS, Inc. will post 7.39 earnings per share for the current year.

Insider Activity at ANSYS

In other news, Director Glenda Dorchak sold 150 shares of ANSYS stock in a transaction 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 transaction, the director now directly owns 3,049 shares of the company’s stock, valued at $1,043,001.92. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.46% of the company’s stock.

ANSYS Company 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.