ANSYS, Inc. (NASDAQ:ANSS) Shares Sold by Royal Bank of Canada

Royal Bank of Canada cut its position in ANSYS, Inc. (NASDAQ:ANSS) by 19.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 354,376 shares of the software maker’s stock after selling 84,542 shares during the period. Royal Bank of Canada’s holdings in ANSYS were worth $119,542,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Ameliora Wealth Management Ltd. purchased a new stake in ANSYS during the 4th quarter valued at about $27,000. Quarry LP increased its holdings in shares of ANSYS by 1,550.0% in the fourth quarter. Quarry LP now owns 99 shares of the software maker’s stock valued at $33,000 after purchasing an additional 93 shares during the last quarter. Assetmark Inc. boosted its stake in ANSYS by 468.2% during the fourth quarter. Assetmark Inc. now owns 125 shares of the software maker’s stock worth $42,000 after buying an additional 103 shares during the last quarter. Millstone Evans Group LLC purchased a new stake in ANSYS in the 4th quarter valued at $42,000. Finally, Kapitalo Investimentos Ltda acquired a new stake in shares of ANSYS in the 4th quarter worth $43,000. 92.39% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the business’s stock in a transaction that occurred on Monday, April 14th. The stock was sold at an average price of $300.01, for a total value of $60,002.00. Following the sale, the director now owns 3,230 shares of the company’s stock, valued at $969,032.30. The trade was a 5.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.61% of the company’s stock.

ANSYS Price Performance

NASDAQ:ANSS opened at $346.63 on Monday. ANSYS, Inc. has a 52 week low of $275.06 and a 52 week high of $363.03. The stock’s fifty day moving average is $317.11 and its two-hundred day moving average is $332.55. The company has a market capitalization of $30.47 billion, a P/E ratio of 52.92, a P/E/G ratio of 3.48 and a beta of 1.21. 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 issued its quarterly earnings data on Wednesday, April 30th. The software maker reported $1.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.11). ANSYS had a return on equity of 12.69% and a net margin of 22.62%. The business had revenue of $504.89 million for the quarter, compared to analyst estimates of $516.81 million. During the same period in the previous year, the business posted $1.39 earnings per share. The firm’s revenue for the quarter was up 8.2% compared to the same quarter last year. Equities analysts expect that ANSYS, Inc. will post 8.32 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. StockNews.com cut shares of ANSYS from a “buy” rating to a “hold” rating in a research report on Wednesday, May 7th. Rosenblatt Securities boosted 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 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.