Park Avenue Securities LLC Lowers Stake in ANSYS, Inc. (NASDAQ:ANSS)

Park Avenue Securities LLC cut its position in shares of ANSYS, Inc. (NASDAQ:ANSS) by 2.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,140 shares of the software maker’s stock after selling 121 shares during the quarter. Park Avenue Securities LLC’s holdings in ANSYS were worth $1,627,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in ANSYS by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 10,643,766 shares of the software maker’s stock valued at $3,590,462,000 after acquiring an additional 78,730 shares in the last quarter. Geode Capital Management LLC boosted its holdings in ANSYS by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 2,363,744 shares of the software maker’s stock valued at $796,033,000 after acquiring an additional 58,190 shares in the last quarter. FIL Ltd boosted its holdings in ANSYS by 32.5% in the fourth quarter. FIL Ltd now owns 2,086,177 shares of the software maker’s stock valued at $703,730,000 after acquiring an additional 511,557 shares in the last quarter. Capital Research Global Investors bought a new stake in ANSYS in the fourth quarter valued at $695,129,000. Finally, Norges Bank bought a new stake in ANSYS in the fourth quarter valued at $615,566,000. 92.39% of the stock is currently owned by institutional investors.

Insider Buying and Selling at ANSYS

In related news, Director Glenda Dorchak sold 200 shares of the business’s stock in a transaction on Monday, April 14th. The shares were sold at an average price of $300.01, for a total value of $60,002.00. Following the completion of the sale, the director now owns 3,230 shares of the company’s stock, valued at approximately $969,032.30. The trade was a 5.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.61% of the company’s stock.

ANSYS Trading Up 1.1%

ANSYS stock opened at $346.02 on Wednesday. ANSYS, Inc. has a 12-month low of $275.06 and a 12-month high of $363.03. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $30.42 billion, a price-to-earnings ratio of 52.83, a P/E/G ratio of 3.48 and a beta of 1.19. The firm has a 50 day moving average of $323.24 and a 200 day moving average of $332.60.

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

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Wall Street Zen cut shares of ANSYS from a “buy” rating to a “hold” rating in a report on Wednesday, May 7th. Rosenblatt Securities boosted their target price 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 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.