Intermede Investment Partners Ltd Lowers Stake in ANSYS, Inc. (NASDAQ:ANSS)

Intermede Investment Partners Ltd trimmed its position in ANSYS, Inc. (NASDAQ:ANSS) by 21.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 207,034 shares of the software maker’s stock after selling 57,349 shares during the quarter. ANSYS accounts for approximately 1.9% of Intermede Investment Partners Ltd’s portfolio, making the stock its 27th largest holding. Intermede Investment Partners Ltd owned about 0.24% of ANSYS worth $69,839,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Ameliora Wealth Management Ltd. purchased a new position in ANSYS in the fourth quarter valued at approximately $27,000. Assetmark Inc. increased its position in shares of ANSYS by 468.2% in the fourth quarter. Assetmark Inc. now owns 125 shares of the software maker’s stock worth $42,000 after acquiring an additional 103 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of ANSYS in the 4th quarter valued at $47,000. Allworth Financial LP lifted its holdings in shares of ANSYS by 33.7% during the 4th quarter. Allworth Financial LP now owns 258 shares of the software maker’s stock valued at $92,000 after acquiring an additional 65 shares in the last quarter. Finally, Brooklyn Investment Group purchased a new stake in ANSYS during the 3rd quarter worth $119,000. 92.39% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at ANSYS

In other news, Director Glenda Dorchak sold 200 shares of the firm’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $336.62, for a total transaction of $67,324.00. Following the completion of the sale, the director now owns 3,430 shares of the company’s stock, valued at approximately $1,154,606.60. This trade represents a 5.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.46% of the stock is currently owned by corporate insiders.

ANSYS Price Performance

ANSS opened at $317.49 on Thursday. ANSYS, Inc. has a twelve month low of $289.82 and a twelve month 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 firm has a market cap of $27.83 billion, a price-to-earnings ratio of 48.47, a PEG ratio of 3.48 and a beta of 1.11. The company has a fifty day simple moving average of $339.36 and a 200 day simple moving average of $333.58.

ANSYS (NASDAQ:ANSS) last announced its earnings results on Wednesday, February 19th. The software maker reported $3.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.97 by ($0.32). The business had revenue of $882.17 million for the quarter, compared to analysts’ expectations of $864.46 million. ANSYS had a return on equity of 12.69% and a net margin of 22.62%. Equities research analysts expect that ANSYS, Inc. will post 8.32 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on ANSS shares. Rosenblatt Securities raised their price objective on ANSYS from $335.00 to $340.00 and gave the company a “neutral” rating in a research report on Friday, February 21st. StockNews.com upgraded ANSYS from a “hold” rating to a “buy” 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.