Natixis Sells 64,284 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Natixis lowered its position in shares of ANSYS, Inc. (NASDAQ:ANSS) by 62.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 38,250 shares of the software maker’s stock after selling 64,284 shares during the period. Natixis’ holdings in ANSYS were worth $12,903,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Capital Research Global Investors purchased a new position in ANSYS during the 4th quarter valued at about $695,129,000. Norges Bank bought a new position in shares of ANSYS during the fourth quarter valued at approximately $615,566,000. FIL Ltd increased its holdings in ANSYS by 32.5% during the fourth quarter. FIL Ltd now owns 2,086,177 shares of the software maker’s stock valued at $703,730,000 after buying an additional 511,557 shares during the period. Proficio Capital Partners LLC bought a new position in ANSYS in the fourth quarter worth approximately $119,140,000. Finally, Canada Pension Plan Investment Board lifted its holdings in ANSYS by 303.1% during the fourth quarter. Canada Pension Plan Investment Board now owns 154,549 shares of the software maker’s stock worth $52,134,000 after buying an additional 116,207 shares during the period. 92.39% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. StockNews.com upgraded ANSYS from a “hold” rating to a “buy” rating in a report on Friday. Rosenblatt Securities lifted their target price on ANSYS from $335.00 to $340.00 and gave the company a “neutral” rating in a research note on Friday, February 21st.

Insider Buying and Selling at ANSYS

In other 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 $969,032.30. This represents a 5.83 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.46% of the stock is currently owned by company insiders.

ANSYS Trading Up 0.4 %

NASDAQ:ANSS opened at $302.74 on Friday. The firm has a 50 day moving average of $319.11 and a 200 day moving average of $332.19. 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, Inc. has a 52 week low of $275.06 and a 52 week high of $363.03. The stock has a market capitalization of $26.54 billion, a price-to-earnings ratio of 46.22, a PEG ratio of 3.48 and a beta of 1.20.

ANSYS (NASDAQ:ANSS) last issued its quarterly earnings data on Wednesday, February 19th. The software maker reported $3.65 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 business had revenue of $882.17 million for the quarter, compared to analysts’ expectations of $864.46 million. As a group, sell-side analysts anticipate that ANSYS, Inc. will post 8.32 earnings per share for the current fiscal year.

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.