National Pension Service Trims Position in ANSYS, Inc. (NASDAQ:ANSS)

National Pension Service lessened its stake in ANSYS, Inc. (NASDAQ:ANSS) by 3.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 129,006 shares of the software maker’s stock after selling 4,579 shares during the period. National Pension Service owned 0.15% of ANSYS worth $43,518,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Ameliora Wealth Management Ltd. purchased a new position in ANSYS during the 4th quarter valued at about $27,000. Intact Investment Management Inc. purchased a new position in ANSYS during the 3rd quarter valued at about $70,000. Allworth Financial LP increased its position in ANSYS by 33.7% during the 4th quarter. Allworth Financial LP now owns 258 shares of the software maker’s stock valued at $92,000 after purchasing an additional 65 shares during the period. Brooklyn Investment Group purchased a new position in ANSYS during the 3rd quarter valued at about $119,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in ANSYS during the 3rd quarter valued at about $174,000. Hedge funds and other institutional investors own 92.39% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the stock. StockNews.com raised shares of ANSYS from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. Robert W. Baird raised their target price on shares of ANSYS from $350.00 to $365.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Finally, Rosenblatt Securities raised their target price on shares of ANSYS from $335.00 to $340.00 and gave the company a “neutral” rating in a research report on Friday, February 21st.

ANSYS Stock Up 0.9 %

NASDAQ:ANSS opened at $333.25 on Friday. ANSYS, Inc. has a fifty-two week low of $289.82 and a fifty-two week high of $363.03. The stock has a market capitalization of $29.21 billion, a P/E ratio of 50.88, a P/E/G ratio of 3.48 and a beta of 1.12. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.01 and a current ratio of 3.01. The company’s 50-day simple moving average is $342.04 and its 200-day simple moving average is $333.60.

ANSYS (NASDAQ:ANSS) last released its quarterly 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 firm had revenue of $882.17 million during the quarter, compared to the consensus estimate of $864.46 million. On average, equities analysts anticipate that ANSYS, Inc. will post 8.32 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Glenda Dorchak sold 200 shares of ANSYS stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $336.62, for a total value of $67,324.00. Following the completion of the sale, the director now directly owns 3,430 shares in the company, valued at $1,154,606.60. This trade represents a 5.51 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company 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.