Main Management ETF Advisors LLC Has $1.68 Million Stock Holdings in ANSYS, Inc. (NASDAQ:ANSS)

Main Management ETF Advisors LLC lowered its position in shares of ANSYS, Inc. (NASDAQ:ANSS) by 8.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,984 shares of the software maker’s stock after selling 448 shares during the quarter. Main Management ETF Advisors LLC’s holdings in ANSYS were worth $1,681,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in ANSS. Stock Yards Bank & Trust Co. increased its holdings in ANSYS by 1.3% during the 4th quarter. Stock Yards Bank & Trust Co. now owns 2,275 shares of the software maker’s stock worth $767,000 after purchasing an additional 30 shares in the last quarter. Greenleaf Trust lifted its holdings in shares of ANSYS by 0.9% in the fourth quarter. Greenleaf Trust now owns 3,651 shares of the software maker’s stock valued at $1,232,000 after purchasing an additional 32 shares in the last quarter. Koshinski Asset Management Inc. boosted its position in shares of ANSYS by 0.8% during the fourth quarter. Koshinski Asset Management Inc. now owns 4,367 shares of the software maker’s stock worth $1,473,000 after buying an additional 34 shares during the period. Meiji Yasuda Asset Management Co Ltd. grew its holdings in shares of ANSYS by 2.8% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,298 shares of the software maker’s stock worth $438,000 after buying an additional 35 shares in the last quarter. Finally, BTC Capital Management Inc. raised its position in ANSYS by 2.5% in the 4th quarter. BTC Capital Management Inc. now owns 1,499 shares of the software maker’s stock valued at $506,000 after buying an additional 36 shares during the last quarter. 92.39% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. StockNews.com downgraded ANSYS from a “buy” rating to a “hold” rating in a research report on Wednesday, May 7th. 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 Transactions at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the firm’s stock in a transaction on Monday, April 14th. The stock was sold at an average price of $300.01, for a total transaction of $60,002.00. Following the completion of the sale, the director now owns 3,230 shares of the company’s stock, valued at $969,032.30. This trade represents a 5.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.46% of the stock is currently owned by corporate insiders.

ANSYS Stock Performance

Shares of ANSS stock opened at $347.08 on Wednesday. The company has a fifty day moving average price of $315.64 and a two-hundred day moving average price of $332.05. ANSYS, Inc. has a one year low of $275.06 and a one year high of $363.03. The stock has a market cap of $30.51 billion, a P/E ratio of 52.99, a P/E/G ratio of 3.48 and a beta of 1.21. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.01 and a quick ratio of 3.01.

ANSYS (NASDAQ:ANSS) last issued its earnings results on Wednesday, April 30th. The software maker reported $1.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.75 by ($0.11). The firm had revenue of $504.89 million during the quarter, compared to analyst estimates of $516.81 million. ANSYS had a net margin of 22.62% and a return on equity of 12.69%. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter last year, the business posted $1.39 earnings per share. As a group, equities analysts predict that ANSYS, Inc. will post 8.32 EPS for the current year.

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.