ANSYS, Inc. (NASDAQ:ANSS) Shares Sold by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale decreased its holdings in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 3.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 503,319 shares of the software maker's stock after selling 19,294 shares during the quarter. DekaBank Deutsche Girozentrale owned 0.58% of ANSYS worth $162,479,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in ANSS. Swedbank AB purchased a new position in shares of ANSYS in the first quarter valued at approximately $128,089,000. M&G Plc purchased a new position in ANSYS in the first quarter worth approximately $115,922,000. Magnetar Financial LLC purchased a new position in ANSYS in the first quarter worth approximately $72,797,000. Matrix Capital Management Company LP purchased a new position in ANSYS in the first quarter worth approximately $50,338,000. Finally, Canada Pension Plan Investment Board lifted its stake in ANSYS by 1,052.9% in the first quarter. Canada Pension Plan Investment Board now owns 99,263 shares of the software maker's stock worth $34,460,000 after acquiring an additional 90,653 shares during the last quarter. Hedge funds and other institutional investors own 92.39% of the company's stock.

ANSYS Stock Up 0.4 %

Shares of NASDAQ:ANSS traded up $1.44 during trading on Friday, hitting $322.81. 300,421 shares of the company were exchanged, compared to its average volume of 526,402. The stock has a market capitalization of $28.18 billion, a P/E ratio of 64.82, a PEG ratio of 6.99 and a beta of 1.11. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.95 and a quick ratio of 2.95. ANSYS, Inc. has a 12-month low of $258.01 and a 12-month high of $364.31. The firm's 50 day moving average price is $320.38 and its 200-day moving average price is $321.71.

ANSYS (NASDAQ:ANSS - Get Free Report) last announced its earnings results on Wednesday, July 31st. The software maker reported $2.50 EPS for the quarter, beating analysts' consensus estimates of $1.92 by $0.58. The business had revenue of $594.14 million for the quarter, compared to analysts' expectations of $550.30 million. ANSYS had a net margin of 21.30% and a return on equity of 11.51%. The company's quarterly revenue was up 19.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.06 EPS. On average, research analysts predict that ANSYS, Inc. will post 7.32 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ANSS. Rosenblatt Securities decreased their price target on shares of ANSYS from $345.00 to $335.00 and set a "neutral" rating for the company in a research note on Tuesday, August 6th. StockNews.com began coverage on shares of ANSYS in a research note on Sunday, September 22nd. They issued a "hold" rating for the company. Two analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $318.33.

Insider Activity

In other news, Director Glenda Dorchak sold 152 shares of ANSYS stock in a transaction on Monday, October 7th. The shares were sold at an average price of $313.61, for a total value of $47,668.72. Following the transaction, the director now directly owns 3,630 shares of the company's stock, valued at $1,138,404.30. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.46% of the company's stock.

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.