Davis R M Inc. reduced its position in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 51.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 41,402 shares of the software maker's stock after selling 44,050 shares during the quarter. Davis R M Inc.'s holdings in ANSYS were worth $13,966,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of the stock. Independent Advisor Alliance boosted its stake in shares of ANSYS by 16.0% during the 4th quarter. Independent Advisor Alliance now owns 993 shares of the software maker's stock worth $335,000 after acquiring an additional 137 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in shares of ANSYS by 7.1% during the 4th quarter. Daiwa Securities Group Inc. now owns 17,441 shares of the software maker's stock worth $5,883,000 after acquiring an additional 1,152 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of ANSYS by 0.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 42,896 shares of the software maker's stock worth $14,470,000 after acquiring an additional 192 shares in the last quarter. Alpine Associates Management Inc. boosted its stake in shares of ANSYS by 8.2% during the 4th quarter. Alpine Associates Management Inc. now owns 443,583 shares of the software maker's stock worth $149,634,000 after acquiring an additional 33,600 shares in the last quarter. Finally, OFI Invest Asset Management bought a new stake in shares of ANSYS during the 4th quarter worth $1,272,000. 92.39% of the stock is owned by institutional investors.
Insider Activity
In other 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 value of $67,324.00. Following the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.46% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
Several brokerages have recently commented on ANSS. Rosenblatt Securities raised their target price on ANSYS from $335.00 to $340.00 and gave the stock a "neutral" rating in a research report on Friday, February 21st. StockNews.com upgraded ANSYS from a "hold" rating to a "buy" rating in a report on Friday, February 21st.
Read Our Latest Research Report on ANSS
ANSYS Stock Up 0.5 %
Shares of NASDAQ:ANSS traded up $1.65 during midday trading on Tuesday, hitting $320.36. 471,029 shares of the stock were exchanged, compared to its average volume of 428,286. 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 52-week low of $289.82 and a 52-week high of $363.03. The business's fifty day simple moving average is $339.76 and its two-hundred day simple moving average is $333.70. The company has a market capitalization of $28.08 billion, a PE ratio of 48.91, a P/E/G ratio of 3.48 and a beta of 1.11.
ANSYS (NASDAQ:ANSS - Get Free Report) last posted 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 for the quarter, compared to the consensus estimate of $864.46 million. As a group, research analysts predict that ANSYS, Inc. will post 8.32 earnings per share for the current fiscal year.
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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