ANSYS, Inc. (NASDAQ:ANSS) Stock Position Lessened by Korea Investment CORP

Korea Investment CORP decreased its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 8.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 95,772 shares of the software maker's stock after selling 8,588 shares during the quarter. Korea Investment CORP owned about 0.11% of ANSYS worth $32,307,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Ameliora Wealth Management Ltd. acquired a new stake in ANSYS during the 4th quarter valued at $27,000. Assetmark Inc. lifted its stake in shares of 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 in the last quarter. Millstone Evans Group LLC purchased a new position in ANSYS in the fourth quarter valued at about $42,000. SBI Securities Co. Ltd. purchased a new position in ANSYS in the fourth quarter valued at about $47,000. Finally, Allworth Financial LP grew its stake in ANSYS by 33.7% during the 4th quarter. Allworth Financial LP now owns 258 shares of the software maker's stock valued at $92,000 after purchasing an additional 65 shares in the last quarter. 92.39% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Glenda Dorchak sold 200 shares of the business's stock in a transaction on Monday, January 13th. The shares were 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.46% of the stock is owned by company insiders.

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Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. StockNews.com cut ANSYS from a "buy" rating to a "hold" rating in a research note on Friday, March 21st. Rosenblatt Securities raised their price objective on shares of ANSYS from $335.00 to $340.00 and gave the stock a "neutral" rating in a report on Friday, February 21st.

ANSYS Stock Performance

NASDAQ:ANSS traded down $0.28 during trading hours on Wednesday, reaching $320.51. 101,228 shares of the stock were exchanged, compared to its average volume of 505,934. The stock has a market capitalization of $28.09 billion, a P/E ratio of 48.90, a P/E/G ratio of 3.48 and a beta of 1.11. The firm has a 50 day simple moving average of $333.83 and a 200-day simple moving average of $334.45. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.12. ANSYS, Inc. has a 52 week low of $289.82 and a 52 week high of $363.03.

ANSYS (NASDAQ:ANSS - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The software maker reported $3.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.97 by ($0.32). The firm had revenue of $882.17 million for 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, sell-side analysts forecast that ANSYS, Inc. will post 8.32 earnings per share for the current fiscal year.

ANSYS Company 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.