Desjardins Global Asset Management Inc. Lowers Position in ANSYS, Inc. (NASDAQ:ANSS)

Desjardins Global Asset Management Inc. cut its stake in ANSYS, Inc. (NASDAQ:ANSS) by 91.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 375 shares of the software maker’s stock after selling 3,947 shares during the quarter. Desjardins Global Asset Management Inc.’s holdings in ANSYS were worth $136,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. American Century Companies Inc. increased its stake in shares of ANSYS by 12.4% during the first quarter. American Century Companies Inc. now owns 2,254 shares of the software maker’s stock valued at $716,000 after purchasing an additional 248 shares in the last quarter. Panagora Asset Management Inc. increased its stake in shares of ANSYS by 59.0% during the first quarter. Panagora Asset Management Inc. now owns 4,430 shares of the software maker’s stock valued at $1,407,000 after purchasing an additional 1,643 shares in the last quarter. Cibc World Market Inc. increased its stake in shares of ANSYS by 7.3% during the first quarter. Cibc World Market Inc. now owns 2,323 shares of the software maker’s stock valued at $738,000 after purchasing an additional 158 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of ANSYS by 3.5% during the first quarter. Dimensional Fund Advisors LP now owns 301,397 shares of the software maker’s stock valued at $95,742,000 after purchasing an additional 10,284 shares in the last quarter. Finally, Allianz Asset Management GmbH increased its stake in shares of ANSYS by 4.5% during the first quarter. Allianz Asset Management GmbH now owns 71,045 shares of the software maker’s stock valued at $22,567,000 after purchasing an additional 3,063 shares in the last quarter. 92.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Insider Transactions at ANSYS

In other news, Director Glenda Dorchak sold 150 shares of ANSYS stock in a transaction on Monday, April 8th. The shares were sold at an average price of $342.08, for a total transaction of $51,312.00. Following the transaction, the director now owns 3,049 shares in the company, valued at approximately $1,043,001.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.53% of the company’s stock.

ANSYS Trading Down 0.7 %

NASDAQ:ANSS opened at $322.11 on Friday. The company has a current ratio of 2.30, a quick ratio of 2.30 and a debt-to-equity ratio of 0.14. ANSYS, Inc. has a 12 month low of $258.01 and a 12 month high of $364.31. The company has a market cap of $28.12 billion, a PE ratio of 56.21, a price-to-earnings-growth ratio of 5.19 and a beta of 1.16. The company has a 50 day simple moving average of $337.12 and a two-hundred day simple moving average of $320.18.

ANSYS (NASDAQ:ANSS) last posted its earnings results on Wednesday, February 21st. The software maker reported $3.94 EPS for the quarter, topping 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 business had revenue of $805.10 million during the quarter, compared to the consensus estimate of $797.49 million. During the same quarter in the previous year, the firm posted $2.61 EPS. The firm’s revenue was up 15.9% on a year-over-year basis. Research analysts forecast that ANSYS, Inc. will post 7.26 earnings per share for the current year.

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.