Federated Hermes Inc. Sells 30,796 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Federated Hermes Inc. reduced its holdings in ANSYS, Inc. (NASDAQ:ANSS) by 21.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 110,645 shares of the software maker’s stock after selling 30,796 shares during the quarter. Federated Hermes Inc. owned about 0.13% of ANSYS worth $40,151,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in ANSS. Wealth Alliance lifted its position in shares of ANSYS by 2.4% in the 4th quarter. Wealth Alliance now owns 1,523 shares of the software maker’s stock worth $553,000 after purchasing an additional 36 shares during the period. Lindbrook Capital LLC raised its position in shares of ANSYS by 18.1% in the 3rd quarter. Lindbrook Capital LLC now owns 241 shares of the software maker’s stock worth $72,000 after acquiring an additional 37 shares in the last quarter. IFP Advisors Inc raised its position in shares of ANSYS by 11.7% in the 3rd quarter. IFP Advisors Inc now owns 363 shares of the software maker’s stock worth $108,000 after acquiring an additional 38 shares in the last quarter. Koshinski Asset Management Inc. grew its stake in ANSYS by 0.8% in the third quarter. Koshinski Asset Management Inc. now owns 4,866 shares of the software maker’s stock worth $1,448,000 after purchasing an additional 39 shares during the period. Finally, Williams Jones Wealth Management LLC. raised its holdings in ANSYS by 2.2% in the first quarter. Williams Jones Wealth Management LLC. now owns 1,822 shares of the software maker’s stock worth $606,000 after purchasing an additional 39 shares in the last quarter. 92.39% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 150 shares of ANSYS stock in a transaction on Monday, April 8th. The shares were sold at an average price of $342.08, for a total value of $51,312.00. Following the completion of the transaction, the director now directly owns 3,049 shares of the company’s stock, valued at approximately $1,043,001.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.53% of the company’s stock.

ANSYS Stock Performance

NASDAQ:ANSS opened at $322.11 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.30 and a current ratio of 2.30. The stock has a 50-day simple moving average of $337.12 and a two-hundred day simple moving average of $320.18. The firm has a market capitalization of $28.12 billion, a PE ratio of 56.21, a P/E/G ratio of 5.19 and a beta of 1.16. ANSYS, Inc. has a 52-week low of $258.01 and a 52-week high of $364.31.

ANSYS (NASDAQ:ANSS) last issued its quarterly earnings results on Wednesday, February 21st. The software maker reported $3.94 earnings per share for the quarter, beating the consensus estimate of $3.71 by $0.23. The business had revenue of $805.10 million for the quarter, compared to the consensus estimate of $797.49 million. ANSYS had a net margin of 22.05% and a return on equity of 11.83%. The company’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.61 earnings per share. Analysts forecast that ANSYS, Inc. will post 7.26 EPS for the current year.

Analyst Upgrades and Downgrades

ANSS has been the topic of a number of research reports. Mizuho dropped their target price on shares of ANSYS from $350.00 to $330.00 and set a “neutral” rating on the stock in a report on Wednesday, January 17th. Rosenblatt Securities restated a “neutral” rating and set a $345.00 price objective on shares of ANSYS in a research note on Tuesday, March 5th. Barclays upped their target price on shares of ANSYS from $314.00 to $340.00 and gave the stock an “underweight” rating in a research note on Thursday, February 22nd. Wolfe Research reiterated a “peer perform” rating on shares of ANSYS in a report on Wednesday, January 17th. Finally, StockNews.com started coverage on ANSYS in a research note on Monday, April 15th. They set a “hold” rating on the stock. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $323.86.

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.