Northwest & Ethical Investments L.P. Sells 5,402 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Northwest & Ethical Investments L.P. trimmed its position in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 7.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,127 shares of the software maker's stock after selling 5,402 shares during the period. Northwest & Ethical Investments L.P. owned approximately 0.08% of ANSYS worth $24,331,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Stock Yards Bank & Trust Co. lifted its stake in ANSYS by 1.3% in the fourth quarter. Stock Yards Bank & Trust Co. now owns 2,275 shares of the software maker's stock valued at $767,000 after purchasing an additional 30 shares during the last quarter. Greenleaf Trust lifted its position in shares of ANSYS by 0.9% during the 4th quarter. Greenleaf Trust now owns 3,651 shares of the software maker's stock valued at $1,232,000 after buying an additional 32 shares during the last quarter. Koshinski Asset Management Inc. grew its stake in shares of ANSYS by 0.8% during the 4th quarter. Koshinski Asset Management Inc. now owns 4,367 shares of the software maker's stock worth $1,473,000 after acquiring an additional 34 shares during the period. BTC Capital Management Inc. increased its holdings in ANSYS by 2.5% in the 4th quarter. BTC Capital Management Inc. now owns 1,499 shares of the software maker's stock worth $506,000 after acquiring an additional 36 shares during the last quarter. Finally, Summerhill Capital Management lnc. increased its holdings in ANSYS by 0.6% in the 4th quarter. Summerhill Capital Management lnc. now owns 6,139 shares of the software maker's stock worth $2,071,000 after acquiring an additional 36 shares during the last quarter. 92.39% of the stock is owned by institutional investors.

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Wall Street Analysts Forecast Growth

ANSS has been the subject of a number of research reports. Rosenblatt Securities increased their target price on shares of ANSYS from $335.00 to $340.00 and gave the stock a "neutral" rating in a research report on Friday, February 21st. StockNews.com lowered shares of ANSYS from a "buy" rating to a "hold" rating in a research note on Friday.

ANSYS Price Performance

Shares of ANSS traded up $1.53 during midday trading on Monday, hitting $325.73. 406,028 shares of the company traded hands, compared to its average volume of 427,700. The stock has a 50-day moving average of $336.88 and a 200-day moving average of $334.12. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.01 and a quick ratio of 3.01. ANSYS, Inc. has a one year low of $289.82 and a one year high of $363.03. The firm has a market cap of $28.55 billion, a P/E ratio of 49.73, a PEG ratio of 3.48 and a beta of 1.11.

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 the consensus estimate of $3.97 by ($0.32). The firm had revenue of $882.17 million during the quarter, compared to analysts' expectations of $864.46 million. ANSYS had a return on equity of 12.69% and a net margin of 22.62%. As a group, sell-side analysts predict that ANSYS, Inc. will post 8.32 EPS for the current fiscal year.

Insider Activity at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the firm's stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $336.62, for a total value 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. This trade represents a 5.51 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.46% of the stock is owned by corporate 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.