B. Metzler seel. Sohn & Co. AG cut its holdings in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 30.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,896 shares of the software maker's stock after selling 3,510 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in ANSYS were worth $2,663,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. Stock Yards Bank & Trust Co. increased its position in shares of ANSYS by 1.3% during the 4th quarter. Stock Yards Bank & Trust Co. now owns 2,275 shares of the software maker's stock valued at $767,000 after purchasing an additional 30 shares during the last quarter. Greenleaf Trust increased its holdings in ANSYS by 0.9% during the fourth quarter. Greenleaf Trust now owns 3,651 shares of the software maker's stock worth $1,232,000 after buying an additional 32 shares during the last quarter. Koshinski Asset Management Inc. raised its position in ANSYS by 0.8% in the fourth quarter. Koshinski Asset Management Inc. now owns 4,367 shares of the software maker's stock worth $1,473,000 after acquiring an additional 34 shares during the period. Meiji Yasuda Asset Management Co Ltd. boosted its stake in ANSYS by 2.8% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,298 shares of the software maker's stock valued at $438,000 after acquiring an additional 35 shares during the last quarter. Finally, BTC Capital Management Inc. grew its position in shares of ANSYS by 2.5% during the 4th quarter. BTC Capital Management Inc. now owns 1,499 shares of the software maker's stock valued at $506,000 after acquiring an additional 36 shares during the period. 92.39% of the stock is owned by hedge funds and other institutional investors.
ANSYS Stock Performance
ANSYS stock traded down $23.60 during mid-day trading on Friday, reaching $286.85. The company's stock had a trading volume of 1,315,228 shares, compared to its average volume of 461,859. The firm's fifty day moving average price is $330.70 and its two-hundred day moving average price is $334.09. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.01 and a current ratio of 3.01. ANSYS, Inc. has a 12-month low of $285.93 and a 12-month high of $363.03. The company has a market capitalization of $25.14 billion, a P/E ratio of 43.79, 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 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. Sell-side analysts predict that ANSYS, Inc. will post 8.32 EPS for the current fiscal year.
Insiders Place Their Bets
In related news, Director Glenda Dorchak sold 200 shares of the firm's stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $336.62, for a total transaction of $67,324.00. Following the transaction, the director now directly owns 3,430 shares of the company's stock, valued at approximately $1,154,606.60. This trade represents a 5.51 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.46% of the company's stock.
Wall Street Analyst Weigh In
Several equities analysts recently commented on ANSS shares. Rosenblatt Securities upped their price objective on ANSYS from $335.00 to $340.00 and gave the company a "neutral" rating in a research note on Friday, February 21st. StockNews.com cut ANSYS from a "buy" rating to a "hold" rating in a research report on Friday, March 21st.
Get Our Latest Stock Analysis on ANSYS
About ANSYS
(
Free Report)
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.
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