Tredje AP fonden Decreases Holdings in ANSYS, Inc. (NASDAQ:ANSS)

Tredje AP fonden lessened its stake in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 28.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,508 shares of the software maker's stock after selling 7,028 shares during the period. Tredje AP fonden's holdings in ANSYS were worth $5,906,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in ANSS. State Street Corp grew its stake in ANSYS by 3.0% during the 3rd quarter. State Street Corp now owns 3,703,249 shares of the software maker's stock worth $1,179,966,000 after buying an additional 106,187 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of ANSYS by 1.7% in the third quarter. Geode Capital Management LLC now owns 2,305,554 shares of the software maker's stock valued at $732,672,000 after acquiring an additional 37,577 shares during the period. Impax Asset Management Group plc grew its position in shares of ANSYS by 8.0% during the third quarter. Impax Asset Management Group plc now owns 603,394 shares of the software maker's stock worth $192,259,000 after acquiring an additional 44,605 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of ANSYS by 1.3% in the 4th quarter. Principal Financial Group Inc. now owns 570,525 shares of the software maker's stock valued at $192,456,000 after acquiring an additional 7,098 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in ANSYS by 4.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 553,193 shares of the software maker's stock valued at $186,609,000 after purchasing an additional 21,051 shares during the last quarter. Institutional investors and hedge funds own 92.39% of the company's stock.

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ANSYS Stock Performance

ANSS traded down $1.13 during trading on Tuesday, hitting $323.82. The stock had a trading volume of 473,688 shares, compared to its average volume of 429,874. The firm has a market capitalization of $28.38 billion, a P/E ratio of 49.44, a PEG ratio of 3.48 and a beta of 1.11. 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, Inc. has a twelve month low of $289.82 and a twelve month high of $363.03. The company's 50-day moving average price is $338.41 and its 200 day moving average price is $333.76.

ANSYS (NASDAQ:ANSS - Get Free Report) last issued its quarterly earnings results 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 analyst estimates of $864.46 million. ANSYS had a return on equity of 12.69% and a net margin of 22.62%. On average, equities research analysts forecast that ANSYS, Inc. will post 8.32 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have commented on ANSS. StockNews.com upgraded shares of ANSYS from a "hold" rating to a "buy" rating in a research note on Friday, February 21st. Rosenblatt Securities boosted their price target on ANSYS from $335.00 to $340.00 and gave the company a "neutral" rating in a research report on Friday, February 21st.

Insider Activity

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the stock in a transaction on Monday, January 13th. The stock was sold at an average price of $336.62, for a total value of $67,324.00. Following the completion of the transaction, the director now owns 3,430 shares in the company, 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 legal filing with the SEC, which can be accessed through this link. 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.