ANSYS, Inc. (NASDAQ:ANSS) Holdings Lowered by JPMorgan Chase & Co.

JPMorgan Chase & Co. reduced its stake in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 23.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 296,589 shares of the software maker's stock after selling 90,119 shares during the period. JPMorgan Chase & Co. owned about 0.34% of ANSYS worth $100,048,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of ANSS. Proficio Capital Partners LLC acquired a new stake in shares of ANSYS during the 4th quarter valued at approximately $119,140,000. State Street Corp increased its stake in ANSYS by 3.0% during the third quarter. State Street Corp now owns 3,703,249 shares of the software maker's stock valued at $1,179,966,000 after purchasing an additional 106,187 shares during the last quarter. Broad Peak Investment Advisers Pte Ltd raised its holdings in shares of 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 worth $61,587,000 after purchasing an additional 91,000 shares during the period. Vanguard Group Inc. raised its holdings in shares of 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 purchasing an additional 78,730 shares during the period. Finally, CCLA Investment Management lifted its position in shares of ANSYS by 11.9% in the 4th quarter. CCLA Investment Management now owns 445,891 shares of the software maker's stock worth $150,381,000 after buying an additional 47,331 shares during the last quarter. Institutional investors own 92.39% of the company's stock.

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Insider Buying and Selling

In other ANSYS news, Director Glenda Dorchak sold 200 shares of ANSYS 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 sale, the director now owns 3,430 shares of the company's stock, valued at $1,154,606.60. The trade was a 5.51 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.46% of the company's stock.

ANSYS Stock Performance

Shares of ANSS traded down $2.66 during midday trading on Monday, hitting $284.19. 1,216,806 shares of the stock traded hands, compared to its average volume of 464,867. 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 1-year low of $275.06 and a 1-year high of $363.03. The business's 50 day moving average price is $329.49 and its two-hundred day moving average price is $333.97. The firm has a market capitalization of $24.91 billion, a PE ratio of 43.39, a price-to-earnings-growth ratio of 3.48 and a beta of 1.20.

ANSYS (NASDAQ:ANSS - Get Free Report) last posted 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 net margin of 22.62% and a return on equity of 12.69%. The firm had revenue of $882.17 million for the quarter, compared to analyst estimates of $864.46 million. Equities research analysts predict that ANSYS, Inc. will post 8.32 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research 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 stock a "neutral" rating in a research note on Friday, February 21st. StockNews.com lowered ANSYS from a "buy" rating to a "hold" rating in a report on Friday, March 21st.

About ANSYS

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.