Rhumbline Advisers Sells 994 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Rhumbline Advisers lowered its position in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 0.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 158,163 shares of the software maker's stock after selling 994 shares during the period. Rhumbline Advisers owned 0.18% of ANSYS worth $53,353,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of ANSS. Exchange Traded Concepts LLC raised its position in ANSYS by 2,656.5% in the 3rd quarter. Exchange Traded Concepts LLC now owns 634 shares of the software maker's stock valued at $202,000 after purchasing an additional 611 shares during the last quarter. Blue Trust Inc. increased its stake in shares of ANSYS by 40.2% in the third quarter. Blue Trust Inc. now owns 2,585 shares of the software maker's stock valued at $831,000 after buying an additional 741 shares in the last quarter. Raymond James & Associates raised its holdings in shares of ANSYS by 0.4% in the third quarter. Raymond James & Associates now owns 10,822 shares of the software maker's stock valued at $3,448,000 after buying an additional 46 shares during the last quarter. Sequoia Financial Advisors LLC lifted its position in ANSYS by 6.5% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 1,504 shares of the software maker's stock worth $479,000 after buying an additional 92 shares in the last quarter. Finally, Signaturefd LLC grew its holdings in ANSYS by 7.0% during the 3rd quarter. Signaturefd LLC now owns 1,334 shares of the software maker's stock worth $425,000 after acquiring an additional 87 shares during the last quarter. Institutional investors own 92.39% of the company's stock.

ANSYS Trading Up 1.1 %

ANSYS stock traded up $3.72 during trading hours on Thursday, reaching $340.46. 714,752 shares of the company's stock traded hands, compared to its average volume of 482,720. The firm has a market capitalization of $29.77 billion, a price-to-earnings ratio of 52.54, a PEG ratio of 3.53 and a beta of 1.12. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.11 and a current ratio of 3.11. ANSYS, Inc. has a fifty-two week low of $289.82 and a fifty-two week high of $363.03. The firm's 50 day moving average is $342.83 and its 200-day moving average is $332.42.

ANSYS (NASDAQ:ANSS - Get Free Report) last announced its quarterly earnings data 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 net margin of 23.01% and a return on equity of 12.64%. The business had revenue of $882.17 million during the quarter, compared to analyst estimates of $864.46 million. On average, analysts predict that ANSYS, Inc. will post 7.66 earnings per share for the current year.

Analysts Set New Price Targets

ANSS has been the subject of a number of research analyst reports. Robert W. Baird boosted their target price on shares of ANSYS from $350.00 to $365.00 and gave the stock an "outperform" rating in a research note on Thursday, November 7th. StockNews.com downgraded ANSYS from a "buy" rating to a "hold" rating in a report on Monday, January 6th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, ANSYS has a consensus rating of "Hold" and a consensus target price of $346.67.

Insider Transactions at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the 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 transaction, the director now owns 3,430 shares of the company's stock, valued at approximately $1,154,606.60. This represents a 5.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.46% of the stock is owned by corporate insiders.

About ANSYS

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.