M&T Bank Corp Sells 1,658 Shares of ANSYS, Inc. (NASDAQ:ANSS)

M&T Bank Corp reduced its stake in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 5.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 28,460 shares of the software maker's stock after selling 1,658 shares during the period. M&T Bank Corp's holdings in ANSYS were worth $9,601,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Atria Investments Inc increased its holdings in ANSYS by 7.5% in the fourth quarter. Atria Investments Inc now owns 13,518 shares of the software maker's stock worth $4,560,000 after buying an additional 947 shares during the last quarter. Assetmark Inc. grew its position in ANSYS by 468.2% in the fourth quarter. Assetmark Inc. now owns 125 shares of the software maker's stock worth $42,000 after acquiring an additional 103 shares in the last quarter. Commerzbank Aktiengesellschaft FI acquired a new position in shares of ANSYS during the 4th quarter worth $238,000. Charles Schwab Investment Management Inc. raised its holdings in shares of ANSYS by 4.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 553,193 shares of the software maker's stock valued at $186,609,000 after purchasing an additional 21,051 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its stake in shares of ANSYS by 6.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,773 shares of the software maker's stock valued at $598,000 after purchasing an additional 109 shares during the last quarter. 92.39% of the stock is owned by institutional investors and hedge funds.

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Analyst Ratings Changes

Several research firms have commented on ANSS. StockNews.com raised shares of ANSYS from a "hold" rating to a "buy" rating in a research report on Friday, February 21st. Rosenblatt Securities increased their target price on ANSYS from $335.00 to $340.00 and gave the company a "neutral" rating in a research note on Friday, February 21st.

Insider Activity

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

ANSYS Stock Performance

NASDAQ:ANSS traded down $6.90 during trading hours on Monday, hitting $318.71. 632,504 shares of the company traded hands, compared to its average volume of 427,769. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $27.94 billion, a price-to-earnings ratio of 48.66, a P/E/G ratio of 3.48 and a beta of 1.11. The firm has a 50-day moving average of $340.49 and a 200 day moving average of $333.76. ANSYS, Inc. has a twelve month low of $289.82 and a twelve month high of $363.03.

ANSYS (NASDAQ:ANSS - Get Free Report) 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). ANSYS had a net margin of 22.62% and a return on equity of 12.69%. The company had revenue of $882.17 million during the quarter, compared to the consensus estimate of $864.46 million. On average, analysts forecast that ANSYS, Inc. will post 8.32 EPS for the current 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.