Ethic Inc. Reduces Stock Position in ANSYS, Inc. (NASDAQ:ANSS)

Ethic Inc. reduced its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS) by 12.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,080 shares of the software maker’s stock after selling 1,201 shares during the quarter. Ethic Inc.’s holdings in ANSYS were worth $2,726,000 at the end of the most recent quarter.

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

ANSYS Stock Performance

NASDAQ ANSS opened at $333.78 on Monday. ANSYS, Inc. has a 1 year low of $275.06 and a 1 year high of $363.03. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.01 and a quick ratio of 3.01. The stock has a market capitalization of $29.34 billion, a PE ratio of 50.96, a P/E/G ratio of 3.48 and a beta of 1.21. The company’s 50 day simple moving average is $314.85 and its two-hundred day simple moving average is $331.79.

ANSYS (NASDAQ:ANSS) last posted its earnings results on Wednesday, April 30th. The software maker reported $1.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.75 by ($0.11). The firm had revenue of $504.89 million during the quarter, compared to analysts’ expectations of $516.81 million. ANSYS had a return on equity of 12.69% and a net margin of 22.62%. The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.39 earnings per share. Analysts predict that ANSYS, Inc. will post 8.32 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have issued reports on ANSS shares. Rosenblatt Securities increased their target price on shares of ANSYS from $335.00 to $340.00 and gave the stock a “neutral” rating in a research note on Friday, February 21st. StockNews.com cut shares of ANSYS from a “buy” rating to a “hold” rating in a research note on Wednesday, May 7th.

Insider Activity

In other news, Director Glenda Dorchak sold 200 shares of the firm’s stock in a transaction 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 sale, the director now owns 3,230 shares in the company, valued at approximately $969,032.30. This trade represents a 5.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.46% of the company’s stock.

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.