Franklin Resources Inc. lowered its stake in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 48.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 358,250 shares of the software maker's stock after selling 334,750 shares during the period. Franklin Resources Inc. owned 0.41% of ANSYS worth $120,848,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in the stock. Ameliora Wealth Management Ltd. purchased a new position in shares of ANSYS in the fourth quarter valued at approximately $27,000. 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 during the period. Millstone Evans Group LLC acquired a new position in ANSYS in the fourth quarter valued at about $42,000. SBI Securities Co. Ltd. purchased a new position in shares of ANSYS during the 4th quarter worth approximately $47,000. Finally, Allworth Financial LP grew its stake in shares of ANSYS by 33.7% in the fourth quarter. Allworth Financial LP now owns 258 shares of the software maker's stock valued at $92,000 after buying an additional 65 shares in the last quarter. 92.39% of the stock is currently owned by institutional investors and hedge funds.
ANSYS Stock Performance
Shares of NASDAQ ANSS traded down $4.61 during trading hours on Monday, reaching $282.24. The stock had a trading volume of 376,301 shares, compared to its average volume of 461,766. The firm has a 50-day moving average of $330.70 and a 200-day moving average of $334.24. The firm has a market cap of $24.74 billion, a price-to-earnings ratio of 43.14, a PEG ratio of 3.48 and a beta of 1.20. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 0.12. ANSYS, Inc. has a fifty-two week low of $274.54 and a fifty-two week high of $363.03.
ANSYS (NASDAQ:ANSS - Get Free Report) last announced its earnings results on Wednesday, February 19th. The software maker reported $3.65 earnings per share (EPS) 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 business had revenue of $882.17 million for the quarter, compared to analysts' expectations of $864.46 million. Equities research analysts predict that ANSYS, Inc. will post 8.32 earnings per share for the current year.
Analyst Ratings Changes
A number of equities research analysts have issued reports on the stock. StockNews.com lowered shares of ANSYS from a "buy" rating to a "hold" rating in a report on Friday, March 21st. Rosenblatt Securities boosted their price target on shares of ANSYS from $335.00 to $340.00 and gave the stock a "neutral" rating in a report on Friday, February 21st.
Read Our Latest Report on ANSS
Insider Activity at ANSYS
In related news, Director Glenda Dorchak sold 200 shares of the company's stock in a transaction that occurred on 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 owns 3,430 shares in the company, valued at $1,154,606.60. This represents a 5.51 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.46% of the company's stock.
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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