Royal London Asset Management Ltd. Has $16.31 Million Position in ANSYS, Inc. (NASDAQ:ANSS)

Royal London Asset Management Ltd. trimmed its holdings in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 37.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 48,363 shares of the software maker's stock after selling 28,509 shares during the quarter. Royal London Asset Management Ltd. owned 0.06% of ANSYS worth $16,314,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in ANSS. Ameliora Wealth Management Ltd. purchased a new position in ANSYS in the 4th quarter worth about $27,000. Assetmark Inc. raised its holdings in shares of ANSYS by 468.2% during the fourth quarter. Assetmark Inc. now owns 125 shares of the software maker's stock valued at $42,000 after acquiring an additional 103 shares during the period. SBI Securities Co. Ltd. purchased a new stake in shares of ANSYS in the 4th quarter valued at approximately $47,000. Allworth Financial LP boosted its stake in ANSYS by 33.7% in the 4th quarter. Allworth Financial LP now owns 258 shares of the software maker's stock worth $92,000 after purchasing an additional 65 shares during the period. Finally, Brooklyn Investment Group purchased a new position in shares of ANSYS during the third quarter valued at $119,000. Institutional investors own 92.39% of the company's stock.

ANSYS Stock Performance

Shares of NASDAQ ANSS traded up $2.16 during mid-day trading on Monday, hitting $326.36. The company had a trading volume of 218,081 shares, compared to its average volume of 515,743. ANSYS, Inc. has a 12 month low of $289.82 and a 12 month high of $363.03. The firm has a market cap of $28.61 billion, a P/E ratio of 49.83, a PEG ratio of 3.48 and a beta of 1.11. The business's 50-day simple moving average is $337.11 and its 200-day simple moving average is $334.01. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.01 and a quick ratio of 3.01.

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ANSYS (NASDAQ:ANSS - Get Free Report) last posted its earnings results on Wednesday, February 19th. The software maker reported $3.65 earnings per share for the quarter, missing analysts' consensus estimates of $3.97 by ($0.32). ANSYS had a net margin of 22.62% and a return on equity of 12.69%. The business had revenue of $882.17 million during the quarter, compared to the consensus estimate of $864.46 million. As a group, analysts predict that ANSYS, Inc. will post 8.32 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Rosenblatt Securities lifted 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. StockNews.com lowered shares of ANSYS from a "buy" rating to a "hold" rating in a research note on Friday.

Insider Buying and Selling at ANSYS

In related news, Director Glenda Dorchak sold 200 shares of the stock in a transaction dated 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 sale, the director now owns 3,430 shares in the company, valued at $1,154,606.60. This trade represents a 5.51 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.46% of the company's stock.

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.