Martin Currie Ltd. Sells 5,597 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Martin Currie Ltd. decreased its position in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 14.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 32,028 shares of the software maker's stock after selling 5,597 shares during the period. Martin Currie Ltd.'s holdings in ANSYS were worth $10,804,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Allianz SE acquired a new position in ANSYS during the 4th quarter worth about $1,556,000. Tsai Capital Corp lifted its stake in shares of ANSYS by 0.5% in the 4th quarter. Tsai Capital Corp now owns 8,945 shares of the software maker's stock valued at $3,017,000 after purchasing an additional 41 shares during the period. Allstate Corp bought a new position in shares of ANSYS in the 4th quarter worth $871,000. Brown Brothers Harriman & Co. boosted its position in shares of ANSYS by 456.0% in the 4th quarter. Brown Brothers Harriman & Co. now owns 278 shares of the software maker's stock worth $94,000 after purchasing an additional 228 shares during the last quarter. Finally, DnB Asset Management AS grew its stake in shares of ANSYS by 2.4% during the fourth quarter. DnB Asset Management AS now owns 15,087 shares of the software maker's stock worth $5,089,000 after purchasing an additional 356 shares during the period. 92.39% of the stock is owned by institutional investors and hedge funds.

ANSYS Stock Down 2.9 %

ANSS stock traded down $9.40 during mid-day trading on Thursday, hitting $311.51. 336,081 shares of the company were exchanged, compared to its average volume of 455,069. 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 firm has a market cap of $27.30 billion, a P/E ratio of 47.56, a P/E/G ratio of 3.48 and a beta of 1.11. ANSYS, Inc. has a 1-year low of $289.82 and a 1-year high of $363.03. The firm's 50 day simple moving average is $333.11 and its 200 day simple moving average is $334.36.

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ANSYS (NASDAQ:ANSS - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The software maker reported $3.65 earnings per share for the quarter, missing the consensus estimate 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 the consensus estimate of $864.46 million. On average, sell-side analysts predict that ANSYS, Inc. will post 8.32 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on ANSS shares. StockNews.com cut ANSYS from a "buy" rating to a "hold" rating in a research note on Friday, March 21st. Rosenblatt Securities upped 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.

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 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 directly owns 3,430 shares of the company's stock, valued at $1,154,606.60. The trade was a 5.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.46% of the stock is owned by insiders.

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.