Comerica Bank Decreases Stock Holdings in ANSYS, Inc. (NASDAQ:ANSS)

Comerica Bank reduced its holdings in ANSYS, Inc. (NASDAQ:ANSS) by 0.3% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 318,546 shares of the software maker’s stock after selling 917 shares during the period. Comerica Bank’s holdings in ANSYS were worth $107,455,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in ANSS. Ameliora Wealth Management Ltd. purchased a new position in shares of ANSYS during the 4th quarter worth about $27,000. Quarry LP grew its stake in shares of ANSYS by 1,550.0% during the fourth quarter. Quarry LP now owns 99 shares of the software maker’s stock valued at $33,000 after buying an additional 93 shares during the last quarter. Assetmark Inc. raised its holdings in shares of ANSYS by 468.2% in the fourth quarter. Assetmark Inc. now owns 125 shares of the software maker’s stock worth $42,000 after buying an additional 103 shares during the period. Millstone Evans Group LLC bought a new stake in shares of ANSYS during the 4th quarter worth approximately $42,000. Finally, Kapitalo Investimentos Ltda purchased a new position in ANSYS during the 4th quarter valued at $43,000. 92.39% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Glenda Dorchak sold 200 shares of ANSYS stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $300.01, for a total transaction of $60,002.00. Following the transaction, the director now directly owns 3,230 shares of the company’s stock, valued at $969,032.30. This trade represents a 5.83 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. StockNews.com downgraded ANSYS from a “buy” rating to a “hold” rating in a research report on Monday. Rosenblatt Securities lifted their price objective on shares of ANSYS from $335.00 to $340.00 and gave the company a “neutral” rating in a report on Friday, February 21st.

ANSYS Trading Up 0.6 %

Shares of NASDAQ ANSS opened at $319.82 on Wednesday. ANSYS, Inc. has a twelve month low of $275.06 and a twelve month high of $363.03. The firm has a market cap of $28.03 billion, a PE ratio of 48.83, a price-to-earnings-growth ratio of 3.48 and a beta of 1.20. The business has a fifty day simple moving average of $315.46 and a two-hundred day simple moving average of $331.75. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.12.

ANSYS (NASDAQ:ANSS) last released its quarterly earnings data on Wednesday, February 19th. The software maker reported $3.65 earnings per share for the quarter, missing the consensus estimate 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. Analysts expect that ANSYS, Inc. will post 8.32 earnings per share for the current fiscal year.

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.