ANSYS, Inc. (NASDAQ:ANSS) Shares Sold by ARK Investment Management LLC

ARK Investment Management LLC lessened its position in shares of ANSYS, Inc. (NASDAQ:ANSS) by 6.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 66,502 shares of the software maker’s stock after selling 4,456 shares during the period. ARK Investment Management LLC owned about 0.08% of ANSYS worth $24,132,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Lindbrook Capital LLC grew its holdings in ANSYS by 18.1% during the 3rd quarter. Lindbrook Capital LLC now owns 241 shares of the software maker’s stock worth $72,000 after acquiring an additional 37 shares in the last quarter. IFP Advisors Inc grew its holdings in ANSYS by 11.7% during the 3rd quarter. IFP Advisors Inc now owns 363 shares of the software maker’s stock worth $108,000 after acquiring an additional 38 shares in the last quarter. Prelude Capital Management LLC grew its holdings in ANSYS by 4.2% during the 2nd quarter. Prelude Capital Management LLC now owns 973 shares of the software maker’s stock worth $321,000 after acquiring an additional 39 shares in the last quarter. Koshinski Asset Management Inc. lifted its position in shares of ANSYS by 0.8% during the 3rd quarter. Koshinski Asset Management Inc. now owns 4,866 shares of the software maker’s stock worth $1,448,000 after buying an additional 39 shares during the last quarter. Finally, Williams Jones Wealth Management LLC. lifted its position in shares of ANSYS by 2.2% during the 1st quarter. Williams Jones Wealth Management LLC. now owns 1,822 shares of the software maker’s stock worth $606,000 after buying an additional 39 shares during the last quarter. Institutional investors and hedge funds own 92.39% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Barclays boosted their price objective on shares of ANSYS from $314.00 to $340.00 and gave the stock an “underweight” rating in a research report on Thursday, February 22nd. Rosenblatt Securities restated a “neutral” rating and set a $345.00 price objective on shares of ANSYS in a research report on Tuesday, March 5th. StockNews.com assumed coverage on shares of ANSYS in a research report on Friday, March 22nd. They set a “hold” rating for the company. Wolfe Research restated a “peer perform” rating on shares of ANSYS in a research report on Wednesday, January 17th. Finally, Mizuho reduced their price objective on shares of ANSYS from $350.00 to $330.00 and set a “neutral” rating for the company in a research report on Wednesday, January 17th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $322.75.

ANSYS Stock Performance

Shares of ANSS opened at $347.93 on Thursday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.30 and a current ratio of 2.30. The stock has a market capitalization of $30.28 billion, a P/E ratio of 60.72, a P/E/G ratio of 5.38 and a beta of 1.16. The company’s fifty day moving average is $336.19 and its two-hundred day moving average is $316.18. ANSYS, Inc. has a 1 year low of $258.01 and a 1 year high of $364.31.

ANSYS (NASDAQ:ANSS) last announced its quarterly earnings data on Wednesday, February 21st. The software maker reported $3.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.71 by $0.23. The company had revenue of $805.10 million for the quarter, compared to analysts’ expectations of $797.49 million. ANSYS had a net margin of 22.05% and a return on equity of 11.83%. ANSYS’s revenue was up 15.9% compared to the same quarter last year. During the same period in the previous year, the company posted $2.61 EPS. On average, sell-side analysts predict that ANSYS, Inc. will post 7.48 earnings per share for the current year.

Insider Buying and Selling at ANSYS

In other news, Director Glenda Dorchak sold 200 shares of the stock in a transaction dated Monday, January 8th. The shares were sold at an average price of $345.68, for a total value of $69,136.00. Following the completion of the transaction, the director now owns 3,199 shares in the company, valued at approximately $1,105,830.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.53% of the stock is currently 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.