Chevy Chase Trust Holdings LLC Sells 398 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Chevy Chase Trust Holdings LLC reduced its position in shares of ANSYS, Inc. (NASDAQ:ANSS) by 0.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 45,861 shares of the software maker’s stock after selling 398 shares during the period. Chevy Chase Trust Holdings LLC owned 0.05% of ANSYS worth $14,518,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in ANSS. Asset Management One Co. Ltd. boosted its stake in shares of ANSYS by 8.5% in the 1st quarter. Asset Management One Co. Ltd. now owns 36,134 shares of the software maker’s stock worth $11,439,000 after buying an additional 2,825 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in ANSYS by 540.7% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 7,656 shares of the software maker’s stock worth $2,423,000 after purchasing an additional 6,461 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund bought a new position in ANSYS in the 1st quarter valued at $803,000. North Point Portfolio Managers Corp OH increased its position in shares of ANSYS by 0.7% during the 1st quarter. North Point Portfolio Managers Corp OH now owns 53,393 shares of the software maker’s stock valued at $16,902,000 after purchasing an additional 378 shares during the last quarter. Finally, Blue Trust Inc. boosted its holdings in shares of ANSYS by 14.5% in the 1st quarter. Blue Trust Inc. now owns 2,246 shares of the software maker’s stock worth $711,000 after buying an additional 285 shares during the last quarter. 92.39% of the stock is owned by institutional investors.

ANSYS Trading Up 1.0%

Shares of ANSYS stock opened at $341.69 on Thursday. The stock has a market capitalization of $30.04 billion, a P/E ratio of 50.70, a P/E/G ratio of 3.48 and a beta of 1.19. ANSYS, Inc. has a 52-week low of $275.06 and a 52-week high of $363.03. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.66 and a current ratio of 3.66. The stock’s 50-day simple moving average is $332.55 and its 200 day simple moving average is $331.85.

ANSYS (NASDAQ:ANSS) last posted its earnings results on Wednesday, April 30th. The software maker reported $1.64 earnings per share for the quarter, missing the consensus estimate of $1.75 by ($0.11). The business had revenue of $504.89 million during the quarter, compared to analysts’ expectations of $516.81 million. ANSYS had a return on equity of 12.38% and a net margin of 22.95%. ANSYS’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.39 EPS. As a group, research analysts anticipate that ANSYS, Inc. will post 8.32 EPS for the current year.

Insiders Place Their Bets

In other news, Director Glenda Dorchak sold 200 shares of the company’s stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $300.01, for a total transaction of $60,002.00. Following the sale, the director now directly owns 3,230 shares in the company, valued at $969,032.30. This represents a 5.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.61% of the company’s stock.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded shares of ANSYS from a “buy” rating to a “hold” rating in a research report on Wednesday, May 7th.

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.