Thematics Asset Management Sells 40,130 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Thematics Asset Management lowered its stake in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 22.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 141,790 shares of the software maker's stock after selling 40,130 shares during the period. ANSYS makes up 2.1% of Thematics Asset Management's portfolio, making the stock its 6th largest holding. Thematics Asset Management owned 0.16% of ANSYS worth $47,830,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of ANSS. Ameliora Wealth Management Ltd. bought a new position in ANSYS during the fourth quarter worth about $27,000. Assetmark Inc. raised its position in shares of ANSYS by 468.2% in the fourth quarter. Assetmark Inc. now owns 125 shares of the software maker's stock valued at $42,000 after buying an additional 103 shares in the last quarter. Millstone Evans Group LLC bought a new stake in shares of ANSYS in the fourth quarter valued at approximately $42,000. SBI Securities Co. Ltd. acquired a new stake in ANSYS during the fourth quarter worth approximately $47,000. Finally, Allworth Financial LP increased its stake in ANSYS by 33.7% during the 4th quarter. Allworth Financial LP now owns 258 shares of the software maker's stock worth $92,000 after acquiring an additional 65 shares during the period. 92.39% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. StockNews.com raised ANSYS from a "hold" rating to a "buy" rating in a report on Friday, April 18th. Rosenblatt Securities boosted their target price on shares of ANSYS from $335.00 to $340.00 and gave the company a "neutral" rating in a research report on Friday, February 21st.

ANSYS Price Performance

NASDAQ:ANSS traded up $7.76 during trading hours on Thursday, hitting $316.36. The company's stock had a trading volume of 578,435 shares, compared to its average volume of 480,691. ANSYS, Inc. has a twelve month low of $275.06 and a twelve month high of $363.03. 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 stock has a fifty day simple moving average of $317.06 and a 200-day simple moving average of $331.83. The company has a market capitalization of $27.73 billion, a P/E ratio of 48.30, a PEG ratio of 3.48 and a beta of 1.20.

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

Insider Transactions at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the company's 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 sale, the director now owns 3,230 shares of the company's stock, valued at approximately $969,032.30. This represents a 5.83 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.46% of the stock is owned by corporate insiders.

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.