Prudential Financial Inc. decreased its stake in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 10.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 46,907 shares of the software maker's stock after selling 5,659 shares during the quarter. Prudential Financial Inc. owned about 0.05% of ANSYS worth $15,823,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in the stock. Congress Wealth Management LLC DE increased its holdings in ANSYS by 12.9% during the fourth quarter. Congress Wealth Management LLC DE now owns 3,772 shares of the software maker's stock worth $1,272,000 after buying an additional 432 shares during the last quarter. Vanguard Group Inc. grew its position in shares of ANSYS by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 10,643,766 shares of the software maker's stock valued at $3,590,462,000 after acquiring an additional 78,730 shares during the period. LPL Financial LLC increased its stake in shares of ANSYS by 25.7% during the 4th quarter. LPL Financial LLC now owns 12,373 shares of the software maker's stock worth $4,174,000 after purchasing an additional 2,533 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of ANSYS in the 4th quarter valued at about $10,052,000. Finally, Sei Investments Co. lifted its stake in ANSYS by 4.0% in the 4th quarter. Sei Investments Co. now owns 473,848 shares of the software maker's stock valued at $159,842,000 after purchasing an additional 18,151 shares during the last quarter. Institutional investors and hedge funds own 92.39% of the company's stock.
Insider Buying and Selling at ANSYS
In other news, Director Glenda Dorchak sold 200 shares of the business's stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $336.62, for a total value of $67,324.00. Following the completion of the sale, 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 this link. Insiders own 0.46% of the company's stock.
ANSYS Stock Performance
Shares of ANSS stock traded up $4.23 during midday trading on Tuesday, hitting $320.79. 588,372 shares of the company were exchanged, compared to its average volume of 455,058. ANSYS, Inc. has a 52 week low of $289.82 and a 52 week high of $363.03. The firm has a market capitalization of $28.12 billion, a P/E ratio of 48.98, a PEG ratio of 3.48 and a beta of 1.11. The firm's 50 day moving average price is $333.83 and its two-hundred day moving average price is $334.45. 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 (NASDAQ:ANSS - Get Free Report) last issued its quarterly earnings data 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). The firm had revenue of $882.17 million for the quarter, compared to the consensus estimate of $864.46 million. ANSYS had a return on equity of 12.69% and a net margin of 22.62%. As a group, equities research analysts anticipate that ANSYS, Inc. will post 8.32 earnings per share for the current year.
Analysts Set New Price Targets
A number of brokerages have weighed in on ANSS. Rosenblatt Securities boosted their price target on ANSYS from $335.00 to $340.00 and gave the stock a "neutral" rating in a research report on Friday, February 21st. StockNews.com downgraded ANSYS from a "buy" rating to a "hold" rating in a research note on Friday, March 21st.
Read Our Latest Research Report on ANSS
About ANSYS
(
Free Report)
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.
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