Williams Jones Wealth Management LLC. Trims Position in ANSYS, Inc. (NASDAQ:ANSS)

Williams Jones Wealth Management LLC. decreased its position in shares of ANSYS, Inc. (NASDAQ:ANSS) by 1.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,883 shares of the software maker’s stock after selling 35 shares during the quarter. Williams Jones Wealth Management LLC.’s holdings in ANSYS were worth $635,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Woodline Partners LP boosted its stake in ANSYS by 9.6% in the 4th quarter. Woodline Partners LP now owns 105,251 shares of the software maker’s stock worth $35,504,000 after purchasing an additional 9,230 shares during the period. Vident Advisory LLC boosted its position in shares of ANSYS by 47.7% during the fourth quarter. Vident Advisory LLC now owns 3,363 shares of the software maker’s stock worth $1,135,000 after acquiring an additional 1,086 shares during the last quarter. Sone Capital Management LLC purchased a new position in ANSYS during the fourth quarter valued at $13,063,000. WBI Investments LLC bought a new stake in ANSYS in the 4th quarter valued at $847,000. Finally, Tybourne Capital Management HK Ltd. purchased a new stake in ANSYS in the 4th quarter worth $3,960,000. Institutional investors own 92.39% of the company’s stock.

Insider Buying and Selling at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 200 shares of ANSYS stock in a transaction on Monday, April 14th. The shares were sold at an average price of $300.01, for a total transaction of $60,002.00. Following the completion of the transaction, the director now directly owns 3,230 shares of the company’s stock, valued at $969,032.30. The trade was a 5.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.61% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on ANSS shares. Rosenblatt Securities raised their price objective on ANSYS from $335.00 to $340.00 and gave the company a “neutral” rating in a research report on Friday, February 21st. StockNews.com cut ANSYS from a “buy” rating to a “hold” rating in a report on Wednesday, May 7th.

ANSYS Price Performance

ANSS stock opened at $343.00 on Thursday. ANSYS, Inc. has a 52 week low of $275.06 and a 52 week high of $363.03. The firm has a market capitalization of $30.16 billion, a P/E ratio of 52.37, a price-to-earnings-growth ratio of 3.48 and a beta of 1.21. The company has a fifty day simple moving average of $318.61 and a two-hundred day simple moving average of $332.86. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.12.

ANSYS (NASDAQ:ANSS) last announced its quarterly earnings results on Wednesday, April 30th. The software maker reported $1.64 EPS for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.11). The business had revenue of $504.89 million during the quarter, compared to the consensus estimate of $516.81 million. ANSYS had a net margin of 22.62% and a return on equity of 12.69%. The firm’s revenue was up 8.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.39 EPS. Analysts anticipate that ANSYS, Inc. will post 8.32 earnings per share for the current fiscal year.

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.