Grantham Mayo Van Otterloo & Co. LLC trimmed its stake in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 5.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 81,697 shares of the software maker's stock after selling 4,951 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC owned about 0.09% of ANSYS worth $27,559,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in ANSYS by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 10,643,766 shares of the software maker's stock worth $3,590,462,000 after acquiring an additional 78,730 shares during the last quarter. State Street Corp lifted its holdings in ANSYS by 3.0% during the 3rd quarter. State Street Corp now owns 3,703,249 shares of the software maker's stock worth $1,179,966,000 after purchasing an additional 106,187 shares during the last quarter. Geode Capital Management LLC boosted its stake in ANSYS by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 2,363,744 shares of the software maker's stock valued at $796,033,000 after purchasing an additional 58,190 shares during the period. Norges Bank acquired a new position in ANSYS in the 4th quarter valued at $615,566,000. Finally, Principal Financial Group Inc. increased its position in ANSYS by 1.3% during the 4th quarter. Principal Financial Group Inc. now owns 570,525 shares of the software maker's stock worth $192,456,000 after buying an additional 7,098 shares during the period. 92.39% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on the stock. 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 report on Friday, February 21st. StockNews.com cut shares of ANSYS from a "buy" rating to a "hold" rating in a research note on Friday, March 21st.
Check Out Our Latest Stock Analysis on ANSYS
ANSYS Price Performance
ANSYS stock traded up $1.42 during mid-day trading on Friday, reaching $297.92. 193,673 shares of the company were exchanged, compared to its average volume of 470,173. The firm has a market cap of $26.11 billion, a PE ratio of 45.41, a PEG ratio of 3.48 and a beta of 1.20. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.01 and a quick ratio of 3.01. The company has a fifty day simple moving average of $324.29 and a 200-day simple moving average of $332.94. ANSYS, Inc. has a 12 month low of $275.06 and a 12 month high of $363.03.
ANSYS (NASDAQ:ANSS - Get Free Report) last issued its earnings results on Wednesday, February 19th. The software maker reported $3.65 EPS for the quarter, missing the consensus estimate of $3.97 by ($0.32). The firm had revenue of $882.17 million during the quarter, compared to analyst estimates of $864.46 million. ANSYS had a net margin of 22.62% and a return on equity of 12.69%. As a group, equities research analysts expect that ANSYS, Inc. will post 8.32 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other news, Director Glenda Dorchak sold 200 shares of the business's stock in a transaction on Monday, January 13th. The stock was sold at an average price of $336.62, for a total transaction of $67,324.00. Following the completion of the transaction, the director now owns 3,430 shares of the company's stock, valued at approximately $1,154,606.60. The trade was a 5.51 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.46% of the company's stock.
ANSYS Profile
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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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