ANSYS, Inc. (NASDAQ:ANSS) Shares Sold by Private Advisor Group LLC

Private Advisor Group LLC reduced its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) by 1.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,498 shares of the software maker’s stock after selling 71 shares during the quarter. Private Advisor Group LLC’s holdings in ANSYS were worth $2,192,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the stock. D1 Capital Partners L.P. acquired a new stake in ANSYS in the third quarter worth about $73,345,000. State Street Corp lifted its stake in ANSYS by 3.0% during the third quarter. State Street Corp now owns 3,703,249 shares of the software maker’s stock valued at $1,179,966,000 after purchasing an additional 106,187 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of ANSYS by 34.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 386,708 shares of the software maker’s stock valued at $123,217,000 after acquiring an additional 100,042 shares during the last quarter. CCLA Investment Management boosted its position in shares of ANSYS by 11.9% in the 4th quarter. CCLA Investment Management now owns 445,891 shares of the software maker’s stock valued at $150,381,000 after purchasing an additional 47,331 shares during the period. Finally, Impax Asset Management Group plc boosted its holdings in shares of ANSYS by 8.0% in the third quarter. Impax Asset Management Group plc now owns 603,394 shares of the software maker’s stock worth $192,259,000 after buying an additional 44,605 shares during the period. 92.39% of the stock is currently owned by institutional investors.

ANSYS Price Performance

Shares of NASDAQ:ANSS opened at $330.40 on Wednesday. ANSYS, Inc. has a twelve month low of $289.82 and a twelve month high of $363.03. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.12. The company has a market cap of $28.96 billion, a price-to-earnings ratio of 50.44, a PEG ratio of 3.48 and a beta of 1.12. The business has a 50 day moving average price of $342.25 and a 200 day moving average price of $333.49.

ANSYS (NASDAQ:ANSS) last released its earnings results on Wednesday, February 19th. The software maker reported $3.65 earnings per share for the quarter, missing the consensus estimate of $3.97 by ($0.32). The company had revenue of $882.17 million during the quarter, compared to the consensus estimate of $864.46 million. ANSYS had a net margin of 22.62% and a return on equity of 12.69%. Research analysts predict that ANSYS, Inc. will post 8.32 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ANSS. Rosenblatt Securities raised their target price on ANSYS from $335.00 to $340.00 and gave the stock a “neutral” rating in a research report on Friday, February 21st. Robert W. Baird raised their price objective on shares of ANSYS from $350.00 to $365.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Finally, StockNews.com raised ANSYS from a “hold” rating to a “buy” rating in a research report on Friday, February 21st.

Insider Buying and Selling

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the firm’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $336.62, for a total transaction of $67,324.00. Following the completion of the transaction, the director now owns 3,430 shares in the company, valued at $1,154,606.60. This trade represents a 5.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.46% of the stock is owned by company insiders.

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.