ANSYS, Inc. (NASDAQ:ANSS) Shares Sold by CANADA LIFE ASSURANCE Co

CANADA LIFE ASSURANCE Co cut its holdings in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 2.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 88,071 shares of the software maker's stock after selling 1,851 shares during the quarter. CANADA LIFE ASSURANCE Co owned about 0.10% of ANSYS worth $29,694,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. FNY Investment Advisers LLC raised its holdings in ANSYS by 78.7% in the 4th quarter. FNY Investment Advisers LLC now owns 6,037 shares of the software maker's stock valued at $2,036,000 after acquiring an additional 2,659 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in ANSYS by 34.9% in the third 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. Oak Thistle LLC acquired a new stake in ANSYS during the 4th quarter worth about $255,000. Ulland Investment Advisors LLC lifted its stake in ANSYS by 107.6% in the fourth quarter. Ulland Investment Advisors LLC now owns 2,635 shares of the software maker's stock valued at $889,000 after buying an additional 1,366 shares during the period. Finally, CCLA Investment Management increased its stake in ANSYS by 11.9% in the fourth 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 in the last quarter. 92.39% of the stock is currently owned by institutional investors and hedge funds.

ANSYS Stock Up 1.8 %

Shares of ANSS stock traded up $5.34 during mid-day trading on Wednesday, reaching $308.60. 436,151 shares of the company's stock traded hands, compared to its average volume of 479,088. The company's 50-day moving average price is $317.67 and its 200-day moving average price is $331.99. The company has a market cap of $27.05 billion, a P/E ratio of 47.11, a P/E/G ratio of 3.48 and a beta of 1.20. ANSYS, Inc. has a 12 month low of $275.06 and a 12 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.

ANSYS (NASDAQ:ANSS - Get Free Report) last released its quarterly 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). ANSYS had a net margin of 22.62% and a return on equity of 12.69%. The firm had revenue of $882.17 million for the quarter, compared to the consensus estimate of $864.46 million. On average, equities analysts expect that ANSYS, Inc. will post 8.32 earnings per share for the current fiscal year.

Insider Buying and Selling at ANSYS

In related news, Director Glenda Dorchak sold 200 shares of the firm's stock in a transaction dated Monday, April 14th. The stock was 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 $969,032.30. This trade represents a 5.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.46% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Rosenblatt Securities increased their price objective on ANSYS from $335.00 to $340.00 and gave the stock a "neutral" rating in a research note on Friday, February 21st. StockNews.com raised ANSYS from a "hold" rating to a "buy" rating in a report on Friday, April 18th.

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.