Mendel Money Management Sells 361 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Mendel Money Management reduced its position in shares of ANSYS, Inc. (NASDAQ:ANSS) by 2.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,396 shares of the software maker’s stock after selling 361 shares during the period. ANSYS accounts for approximately 2.2% of Mendel Money Management’s portfolio, making the stock its 12th largest position. Mendel Money Management’s holdings in ANSYS were worth $4,856,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Proficio Capital Partners LLC purchased a new position in shares of ANSYS in the 4th quarter worth about $119,140,000. D1 Capital Partners L.P. purchased a new position in shares of ANSYS in the third quarter worth approximately $73,345,000. State Street Corp increased its stake in shares of ANSYS by 3.0% in the 3rd 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 in the last quarter. JPMorgan Chase & Co. lifted its position in shares of ANSYS by 34.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 386,708 shares of the software maker’s stock valued at $123,217,000 after buying an additional 100,042 shares in the last quarter. Finally, Broad Peak Investment Advisers Pte Ltd boosted its holdings in ANSYS by 99.4% in the 4th quarter. Broad Peak Investment Advisers Pte Ltd now owns 182,573 shares of the software maker’s stock worth $61,587,000 after buying an additional 91,000 shares during the period. 92.39% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Rosenblatt Securities increased their price target 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 report on Friday, March 21st.

ANSYS Stock Performance

Shares of ANSS stock opened at $326.67 on Wednesday. The stock has a market cap of $28.63 billion, a PE ratio of 49.87, a price-to-earnings-growth ratio of 3.48 and a beta of 1.11. ANSYS, Inc. has a 52-week low of $289.82 and a 52-week high of $363.03. The business has a 50-day simple moving average of $336.62 and a 200-day simple moving average of $334.27. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.12.

ANSYS (NASDAQ:ANSS) last announced its 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 net margin of 22.62% and a return on equity of 12.69%. The company had revenue of $882.17 million during the quarter, compared to analyst estimates of $864.46 million. On average, equities analysts expect that ANSYS, Inc. will post 8.32 EPS for the current year.

Insiders Place Their Bets

In other ANSYS news, Director Glenda Dorchak sold 200 shares of ANSYS stock in a transaction on Monday, January 13th. The stock was 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 in the company, valued at $1,154,606.60. The trade was a 5.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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.