Bank of Montreal Can Sells 62,357 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Bank of Montreal Can decreased its stake in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 37.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 101,973 shares of the software maker's stock after selling 62,357 shares during the period. Bank of Montreal Can owned 0.12% of ANSYS worth $34,399,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Ameliora Wealth Management Ltd. bought a new stake in shares of ANSYS during the fourth quarter worth $27,000. Assetmark Inc. lifted its position in ANSYS by 468.2% during the 4th quarter. Assetmark Inc. now owns 125 shares of the software maker's stock valued at $42,000 after purchasing an additional 103 shares during the period. Millstone Evans Group LLC acquired a new position in ANSYS during the 4th quarter valued at about $42,000. SBI Securities Co. Ltd. bought a new position in shares of ANSYS in the 4th quarter valued at about $47,000. Finally, Allworth Financial LP grew its position in shares of 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 buying an additional 65 shares during the period. Institutional investors and hedge funds own 92.39% of the company's stock.

ANSYS Trading Up 2.0 %

ANSYS stock traded up $5.79 during midday trading on Monday, hitting $302.10. 561,304 shares of the stock were exchanged, compared to its average volume of 472,505. The stock has a market capitalization of $26.48 billion, a PE ratio of 46.12, a P/E/G ratio of 3.48 and a beta of 1.20. The company has a fifty day simple moving average of $323.28 and a two-hundred day simple moving average of $332.84. 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, Inc. has a 52 week low of $275.06 and a 52 week high of $363.03.

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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 analysts' consensus estimates of $3.97 by ($0.32). ANSYS had a return on equity of 12.69% and a net margin of 22.62%. The firm had revenue of $882.17 million for the quarter, compared to the consensus estimate of $864.46 million. Equities research analysts anticipate that ANSYS, Inc. will post 8.32 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Rosenblatt Securities increased their price objective on shares of ANSYS from $335.00 to $340.00 and gave the company a "neutral" rating in a report on Friday, February 21st. StockNews.com downgraded ANSYS from a "buy" rating to a "hold" rating in a research note on Friday, March 21st.

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.