ANSYS, Inc. (NASDAQ:ANSS) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. cut its holdings in ANSYS, Inc. (NASDAQ:ANSS) by 21.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 110,645 shares of the software maker’s stock after selling 30,796 shares during the period. Federated Hermes Inc.’s holdings in ANSYS were worth $40,151,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in ANSS. American Century Companies Inc. grew its stake in shares of ANSYS by 12.4% during the 1st quarter. American Century Companies Inc. now owns 2,254 shares of the software maker’s stock valued at $716,000 after buying an additional 248 shares during the period. Panagora Asset Management Inc. boosted its position in shares of ANSYS by 59.0% in the first quarter. Panagora Asset Management Inc. now owns 4,430 shares of the software maker’s stock worth $1,407,000 after buying an additional 1,643 shares during the period. Cibc World Market Inc. grew its position in ANSYS by 7.3% in the first quarter. Cibc World Market Inc. now owns 2,323 shares of the software maker’s stock valued at $738,000 after acquiring an additional 158 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in ANSYS by 3.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 301,397 shares of the software maker’s stock worth $95,742,000 after buying an additional 10,284 shares during the period. Finally, Allianz Asset Management GmbH lifted its holdings in ANSYS by 4.5% in the 1st quarter. Allianz Asset Management GmbH now owns 71,045 shares of the software maker’s stock worth $22,567,000 after buying an additional 3,063 shares in the last quarter. Institutional investors and hedge funds own 92.39% of the company’s stock.

ANSYS Stock Down 0.7 %

ANSYS stock opened at $322.11 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.30 and a current ratio of 2.30. ANSYS, Inc. has a one year low of $258.01 and a one year high of $364.31. The company has a 50-day simple moving average of $337.12 and a 200-day simple moving average of $320.18. The firm has a market capitalization of $28.12 billion, a P/E ratio of 56.21, a P/E/G ratio of 5.19 and a beta of 1.16.

ANSYS (NASDAQ:ANSS) last posted its earnings results on Wednesday, February 21st. The software maker reported $3.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.71 by $0.23. ANSYS had a net margin of 22.05% and a return on equity of 11.83%. The firm had revenue of $805.10 million during the quarter, compared to analyst estimates of $797.49 million. During the same period in the previous year, the business posted $2.61 EPS. ANSYS’s revenue was up 15.9% on a year-over-year basis. As a group, equities analysts expect that ANSYS, Inc. will post 7.26 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently weighed in on ANSS shares. Mizuho lowered their target price on ANSYS from $350.00 to $330.00 and set a “neutral” rating for the company in a research note on Wednesday, January 17th. StockNews.com assumed coverage on ANSYS in a research report on Monday, April 15th. They issued a “hold” rating on the stock. Rosenblatt Securities reissued a “neutral” rating and set a $345.00 price target on shares of ANSYS in a research report on Tuesday, March 5th. Barclays lifted their price target on shares of ANSYS from $314.00 to $340.00 and gave the stock an “underweight” rating in a research note on Thursday, February 22nd. Finally, Wolfe Research reiterated a “peer perform” rating on shares of ANSYS in a research note on Wednesday, January 17th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $323.86.

Insider Activity

In other ANSYS news, Director Glenda Dorchak sold 150 shares of the business’s stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $342.08, for a total value of $51,312.00. Following the sale, the director now directly owns 3,049 shares in the company, valued at $1,043,001.92. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.53% of the stock is owned by insiders.

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.