Keybank National Association OH Cuts Stake in ANSYS, Inc. (NASDAQ:ANSS)

Keybank National Association OH lowered its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) by 5.7% in the fourth quarter, Holdings Channel reports. The firm owned 911 shares of the software maker’s stock after selling 55 shares during the period. Keybank National Association OH’s holdings in ANSYS were worth $307,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Nomura Asset Management Co. Ltd. increased its stake in shares of ANSYS by 7.2% during the third quarter. Nomura Asset Management Co. Ltd. now owns 28,351 shares of the software maker’s stock worth $9,033,000 after purchasing an additional 1,914 shares in the last quarter. Caldwell Investment Management Ltd. acquired a new position in ANSYS during the third quarter worth about $1,560,000. Sumitomo Mitsui Trust Group Inc. boosted its position in ANSYS by 3.3% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 518,779 shares of the software maker’s stock worth $165,299,000 after acquiring an additional 16,462 shares during the last quarter. KBC Group NV boosted its position in ANSYS by 20.9% during the third quarter. KBC Group NV now owns 110,928 shares of the software maker’s stock worth $35,345,000 after acquiring an additional 19,149 shares during the last quarter. Finally, CIBC Asset Management Inc boosted its position in ANSYS by 5.9% during the third quarter. CIBC Asset Management Inc now owns 27,116 shares of the software maker’s stock worth $8,640,000 after acquiring an additional 1,518 shares during the last quarter. Hedge funds and other institutional investors own 92.39% of the company’s stock.

ANSYS Stock Performance

NASDAQ:ANSS opened at $318.71 on Tuesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.01 and a quick ratio of 3.01. The firm has a market capitalization of $27.94 billion, a price-to-earnings ratio of 48.66, a PEG ratio of 3.48 and a beta of 1.11. The company’s 50-day moving average is $340.10 and its two-hundred day moving average is $333.72. ANSYS, Inc. has a 1-year low of $289.82 and a 1-year high of $363.03.

ANSYS (NASDAQ:ANSS) last posted 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 firm had revenue of $882.17 million during the quarter, compared to analyst estimates of $864.46 million. ANSYS had a net margin of 22.62% and a return on equity of 12.69%. Analysts forecast that ANSYS, Inc. will post 8.32 EPS for the current year.

Insider Buying and Selling at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the business’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $336.62, for a total value of $67,324.00. Following the transaction, the director now directly owns 3,430 shares in the company, valued at $1,154,606.60. The trade was a 5.51 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.46% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms recently weighed in on ANSS. StockNews.com upgraded shares of ANSYS from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. Rosenblatt Securities boosted their price target on shares of ANSYS from $335.00 to $340.00 and gave the stock a “neutral” rating in a research report on Friday, February 21st.

ANSYS 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.