Nuveen Asset Management LLC Trims Stock Holdings in ANSYS, Inc. (NASDAQ:ANSS)

Nuveen Asset Management LLC lessened its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS) by 1.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 377,411 shares of the software maker’s stock after selling 4,654 shares during the period. Nuveen Asset Management LLC owned 0.43% of ANSYS worth $127,312,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Oak Thistle LLC bought a new stake in ANSYS during the fourth quarter worth about $255,000. Ulland Investment Advisors LLC lifted its holdings in shares of ANSYS by 107.6% during the fourth quarter. Ulland Investment Advisors LLC now owns 2,635 shares of the software maker’s stock valued at $889,000 after purchasing an additional 1,366 shares during the last quarter. Alpine Associates Management Inc. boosted its position in shares of ANSYS by 8.2% in the 4th quarter. Alpine Associates Management Inc. now owns 443,583 shares of the software maker’s stock worth $149,634,000 after purchasing an additional 33,600 shares in the last quarter. Magnetar Financial LLC grew its stake in shares of ANSYS by 0.8% in the 4th quarter. Magnetar Financial LLC now owns 219,625 shares of the software maker’s stock worth $74,086,000 after buying an additional 1,824 shares during the last quarter. Finally, Mizuho Securities USA LLC increased its position in ANSYS by 46.3% during the 4th quarter. Mizuho Securities USA LLC now owns 8,288 shares of the software maker’s stock valued at $2,796,000 after buying an additional 2,621 shares in the last quarter. Institutional investors own 92.39% of the company’s stock.

ANSYS Price Performance

Shares of ANSS opened at $346.63 on Friday. The company has a market capitalization of $30.47 billion, a P/E ratio of 52.92, a price-to-earnings-growth ratio of 3.48 and a beta of 1.21. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.12. The firm has a 50 day moving average of $317.11 and a 200 day moving average of $332.44. ANSYS, Inc. has a twelve month low of $275.06 and a twelve month high of $363.03.

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). ANSYS had a return on equity of 12.69% and a net margin of 22.62%. The business had revenue of $504.89 million during the quarter, compared to the consensus estimate of $516.81 million. During the same period in the previous year, the business posted $1.39 EPS. The firm’s revenue for the quarter was up 8.2% on a year-over-year basis. As a group, equities research analysts anticipate that ANSYS, Inc. will post 8.32 earnings per share for the current fiscal year.

Insider Activity at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the company’s stock in a transaction dated 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 owns 3,230 shares in the company, valued at approximately $969,032.30. This represents a 5.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.61% of the stock is currently owned by insiders.

Analyst Ratings Changes

ANSS has been the subject of a number of recent research reports. Rosenblatt Securities lifted their price objective on ANSYS from $335.00 to $340.00 and gave the company 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.

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.