ANSYS, Inc. (NASDAQ:ANSS) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank lessened its position in ANSYS, Inc. (NASDAQ:ANSS) by 69.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 41,775 shares of the software maker’s stock after selling 94,202 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in ANSYS were worth $15,159,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Everence Capital Management Inc. increased its holdings in ANSYS by 27.9% during the 4th quarter. Everence Capital Management Inc. now owns 3,950 shares of the software maker’s stock valued at $1,433,000 after acquiring an additional 862 shares in the last quarter. Wealth Alliance grew its holdings in shares of ANSYS by 2.4% during the fourth quarter. Wealth Alliance now owns 1,523 shares of the software maker’s stock worth $553,000 after buying an additional 36 shares in the last quarter. Vontobel Holding Ltd. grew its holdings in shares of ANSYS by 7.3% during the fourth quarter. Vontobel Holding Ltd. now owns 323,592 shares of the software maker’s stock worth $117,425,000 after buying an additional 21,993 shares in the last quarter. Louisiana State Employees Retirement System purchased a new stake in shares of ANSYS during the fourth quarter worth about $4,391,000. Finally, Koshinski Asset Management Inc. grew its holdings in shares of ANSYS by 17.3% during the fourth quarter. Koshinski Asset Management Inc. now owns 5,710 shares of the software maker’s stock worth $2,072,000 after buying an additional 844 shares in the last quarter. Institutional investors and hedge funds own 92.39% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on ANSS. Mizuho lowered their price target on shares of ANSYS from $350.00 to $330.00 and set a “neutral” rating for the company in a report on Wednesday, January 17th. Wolfe Research reissued a “peer perform” rating on shares of ANSYS in a research report on Wednesday, January 17th. StockNews.com started coverage on shares of ANSYS in a research note on Monday. They issued a “hold” rating for the company. Barclays lifted their price target on shares of ANSYS from $314.00 to $340.00 and gave the stock an “underweight” rating in a research note on Thursday, February 22nd. Finally, Rosenblatt Securities restated a “neutral” rating and set a $345.00 price target on shares of ANSYS in a research report on Tuesday, March 5th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, ANSYS has a consensus rating of “Hold” and a consensus price target of $323.86.

Insider Buying and Selling at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 150 shares of the business’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $342.08, for a total transaction of $51,312.00. Following the sale, the director now owns 3,049 shares in the company, valued at approximately $1,043,001.92. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.53% of the stock is owned by corporate insiders.

ANSYS Price Performance

Shares of NASDAQ ANSS opened at $324.50 on Friday. ANSYS, Inc. has a twelve month low of $258.01 and a twelve month high of $364.31. The company has a current ratio of 2.30, a quick ratio of 2.30 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $28.33 billion, a price-to-earnings ratio of 56.63, a PEG ratio of 5.21 and a beta of 1.16. The firm has a 50-day moving average of $337.53 and a two-hundred day moving average of $320.00.

ANSYS (NASDAQ:ANSS) last issued its quarterly earnings results on Wednesday, February 21st. The software maker reported $3.94 earnings per share for the quarter, beating analysts’ consensus estimates of $3.71 by $0.23. ANSYS had a net margin of 22.05% and a return on equity of 11.83%. The company had revenue of $805.10 million during the quarter, compared to the consensus estimate of $797.49 million. During the same period in the prior year, the company earned $2.61 EPS. ANSYS’s revenue was up 15.9% on a year-over-year basis. As a group, analysts expect that ANSYS, Inc. will post 7.26 earnings per share for the current fiscal year.

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.