Ieq Capital LLC Sells 410 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Ieq Capital LLC decreased its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS) by 11.8% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 3,076 shares of the software maker’s stock after selling 410 shares during the period. Ieq Capital LLC’s holdings in ANSYS were worth $1,038,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in ANSS. D1 Capital Partners L.P. purchased a new stake in shares of ANSYS in the 3rd quarter valued at about $73,345,000. State Street Corp increased its position in shares of ANSYS by 3.0% in the third quarter. State Street Corp now owns 3,703,249 shares of the software maker’s stock worth $1,179,966,000 after purchasing an additional 106,187 shares during the last quarter. JPMorgan Chase & Co. raised its stake in ANSYS by 34.9% in the third quarter. JPMorgan Chase & Co. now owns 386,708 shares of the software maker’s stock valued at $123,217,000 after purchasing an additional 100,042 shares in the last quarter. CCLA Investment Management lifted its position in ANSYS by 11.9% during the fourth quarter. CCLA Investment Management now owns 445,891 shares of the software maker’s stock valued at $150,381,000 after purchasing an additional 47,331 shares during the last quarter. Finally, Impax Asset Management Group plc grew its stake in ANSYS by 8.0% in the 3rd quarter. Impax Asset Management Group plc now owns 603,394 shares of the software maker’s stock worth $192,259,000 after buying an additional 44,605 shares in the last quarter. Institutional investors own 92.39% of the company’s stock.

Insider Buying and Selling

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the firm’s stock in a transaction on Monday, January 13th. The shares were sold at an average price of $336.62, for a total value of $67,324.00. Following the sale, the director now owns 3,430 shares of the company’s stock, valued at $1,154,606.60. This trade represents a 5.51 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.46% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on ANSS shares. Robert W. Baird raised their price target on ANSYS from $350.00 to $365.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Rosenblatt Securities raised their price objective on ANSYS from $335.00 to $340.00 and gave the company a “neutral” rating in a report on Friday. Finally, StockNews.com raised ANSYS from a “hold” rating to a “buy” rating in a research note on Friday.

ANSYS Stock Performance

ANSYS stock opened at $333.63 on Tuesday. The firm has a fifty day simple moving average of $342.51 and a two-hundred day simple moving average of $333.36. ANSYS, Inc. has a twelve month low of $289.82 and a twelve month high of $363.03. The company has a market capitalization of $29.24 billion, a PE ratio of 50.94, a P/E/G ratio of 3.55 and a beta of 1.12. The company has a quick ratio of 3.11, a current ratio of 3.01 and a debt-to-equity ratio of 0.12.

ANSYS (NASDAQ:ANSS) last posted its quarterly earnings results on Wednesday, February 19th. The software maker reported $3.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.97 by ($0.32). ANSYS had a return on equity of 12.69% and a net margin of 22.62%. The company had revenue of $882.17 million for the quarter, compared to the consensus estimate of $864.46 million. Research analysts expect that ANSYS, Inc. will post 8.32 EPS for the current year.

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.