Amundi Sells 188,537 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Amundi reduced its holdings in ANSYS, Inc. (NASDAQ:ANSS) by 27.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 498,058 shares of the software maker’s stock after selling 188,537 shares during the quarter. Amundi’s holdings in ANSYS were worth $171,068,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of ANSS. Nomura Asset Management Co. Ltd. grew its stake in shares of ANSYS by 7.2% in the third quarter. Nomura Asset Management Co. Ltd. now owns 28,351 shares of the software maker’s stock worth $9,033,000 after purchasing an additional 1,914 shares during the last quarter. Caldwell Investment Management Ltd. acquired a new position in ANSYS during the 3rd quarter worth about $1,560,000. Sumitomo Mitsui Trust Group Inc. lifted its holdings in ANSYS by 3.3% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 518,779 shares of the software maker’s stock worth $165,299,000 after buying an additional 16,462 shares during the period. KBC Group NV grew its position in shares of ANSYS by 20.9% in the 3rd quarter. KBC Group NV now owns 110,928 shares of the software maker’s stock valued at $35,345,000 after buying an additional 19,149 shares during the last quarter. Finally, CIBC Asset Management Inc increased its stake in shares of ANSYS by 5.9% in the third quarter. CIBC Asset Management Inc now owns 27,116 shares of the software maker’s stock valued at $8,640,000 after buying an additional 1,518 shares during the period. Institutional investors own 92.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on ANSS shares. StockNews.com raised ANSYS from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. Rosenblatt Securities boosted their price target on shares of ANSYS from $335.00 to $340.00 and gave the stock a “neutral” rating in a research report on Friday, February 21st.

Insider Activity

In related news, Director Glenda Dorchak sold 200 shares of the business’s stock in a transaction dated 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 sale, the director now directly owns 3,430 shares of the company’s stock, valued at $1,154,606.60. The trade was a 5.51 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.46% of the company’s stock.

ANSYS Stock Performance

ANSS stock opened at $325.61 on Monday. ANSYS, Inc. has a 1-year low of $289.82 and a 1-year high of $363.03. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 0.12. The stock has a 50-day moving average price of $340.49 and a 200-day moving average price of $333.76. The firm has a market cap of $28.54 billion, a PE ratio of 49.71, a price-to-earnings-growth ratio of 3.48 and a beta of 1.11.

ANSYS (NASDAQ:ANSS) last issued 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). The business had revenue of $882.17 million during the quarter, compared to analyst estimates of $864.46 million. ANSYS had a net margin of 22.62% and a return on equity of 12.69%. As a group, equities research analysts expect that ANSYS, Inc. will post 8.32 earnings per share for the current 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.