Federated Hermes Inc. Lowers Position in ANSYS, Inc. (NASDAQ:ANSS)

Federated Hermes Inc. trimmed its position in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 57.8% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 36,480 shares of the software maker's stock after selling 50,004 shares during the period. Federated Hermes Inc.'s holdings in ANSYS were worth $12,306,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ANSS. Norges Bank purchased a new stake in shares of ANSYS during the fourth quarter valued at approximately $615,566,000. Proficio Capital Partners LLC purchased a new stake in shares of ANSYS during the 4th quarter valued at $119,140,000. National Bank of Canada FI raised its stake in shares of ANSYS by 69.4% during the 4th quarter. National Bank of Canada FI now owns 244,390 shares of the software maker's stock worth $82,440,000 after purchasing an additional 100,111 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of ANSYS by 34.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 386,708 shares of the software maker's stock worth $123,217,000 after buying an additional 100,042 shares during the last quarter. Finally, Broad Peak Investment Advisers Pte Ltd grew its position in ANSYS by 99.4% during the fourth quarter. Broad Peak Investment Advisers Pte Ltd now owns 182,573 shares of the software maker's stock valued at $61,587,000 after buying an additional 91,000 shares during the period. Hedge funds and other institutional investors own 92.39% of the company's stock.

ANSYS Stock Performance

NASDAQ ANSS traded up $7.22 during trading on Monday, hitting $303.53. 238,551 shares of the company's stock traded hands, compared to its average volume of 471,288. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.01 and a current ratio of 3.01. The stock has a market capitalization of $26.61 billion, a price-to-earnings ratio of 46.34, a PEG 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 business has a 50 day moving average of $323.28 and a 200-day moving average of $332.84.

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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 EPS for the quarter, missing analysts' consensus estimates of $3.97 by ($0.32). ANSYS had a net margin of 22.62% and a return on equity of 12.69%. The business had revenue of $882.17 million for the quarter, compared to analysts' expectations of $864.46 million. As a group, equities research analysts anticipate that ANSYS, Inc. will post 8.32 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have weighed in on ANSS shares. Rosenblatt Securities boosted their target price on shares of ANSYS from $335.00 to $340.00 and gave the company a "neutral" rating in a research note 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 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.