Montanaro Asset Management Ltd Sells 19,050 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Montanaro Asset Management Ltd lowered its position in ANSYS, Inc. (NASDAQ:ANSS) by 29.6% in the 4th quarter, Holdings Channel reports. The fund owned 45,250 shares of the software maker’s stock after selling 19,050 shares during the quarter. ANSYS accounts for 3.2% of Montanaro Asset Management Ltd’s holdings, making the stock its 11th biggest holding. Montanaro Asset Management Ltd’s holdings in ANSYS were worth $15,264,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in ANSS. Ameliora Wealth Management Ltd. purchased a new stake in ANSYS in the fourth quarter worth $27,000. Assetmark Inc. boosted its holdings in shares of ANSYS by 468.2% during the 4th quarter. Assetmark Inc. now owns 125 shares of the software maker’s stock valued at $42,000 after buying an additional 103 shares in the last quarter. Millstone Evans Group LLC bought a new stake in shares of ANSYS during the 4th quarter valued at $42,000. SBI Securities Co. Ltd. purchased a new stake in shares of ANSYS in the 4th quarter worth about $47,000. Finally, Allworth Financial LP increased its stake in shares of ANSYS by 33.7% in the 4th quarter. Allworth Financial LP now owns 258 shares of the software maker’s stock worth $92,000 after acquiring an additional 65 shares in the last quarter. Institutional investors own 92.39% of the company’s stock.

Insider Buying and Selling at ANSYS

In other news, Director Glenda Dorchak sold 200 shares of the business’s 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 completion of the transaction, 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 this link. Company insiders own 0.46% of the company’s stock.

ANSYS Price Performance

ANSS opened at $323.34 on Thursday. The firm has a market cap of $28.34 billion, a PE ratio of 49.36, a P/E/G ratio of 3.48 and a beta of 1.11. The stock has a 50-day moving average price of $336.23 and a 200-day moving average price of $334.20. ANSYS, Inc. has a 1 year low of $289.82 and a 1 year high of $363.03. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.01 and a quick ratio of 3.01.

ANSYS (NASDAQ:ANSS) last issued 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 return on equity of 12.69% and a net margin of 22.62%. The firm had revenue of $882.17 million during the quarter, compared to analysts’ expectations of $864.46 million. Sell-side analysts predict that ANSYS, Inc. will post 8.32 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ANSS. StockNews.com lowered shares of ANSYS from a “buy” rating to a “hold” rating in a research note on Friday, March 21st. Rosenblatt Securities lifted 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 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.