Russell Investments Group Ltd. Sells 4,311 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Russell Investments Group Ltd. lessened its stake in ANSYS, Inc. (NASDAQ:ANSS) by 4.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 101,577 shares of the software maker’s stock after selling 4,311 shares during the quarter. Russell Investments Group Ltd. owned 0.12% of ANSYS worth $36,855,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of ANSS. CVA Family Office LLC bought a new stake in shares of ANSYS in the 4th quarter worth $28,000. Raleigh Capital Management Inc. lifted its stake in ANSYS by 135.7% during the 3rd quarter. Raleigh Capital Management Inc. now owns 99 shares of the software maker’s stock valued at $29,000 after acquiring an additional 57 shares during the period. Turtle Creek Wealth Advisors LLC bought a new position in ANSYS during the 4th quarter valued at about $47,000. KB Financial Partners LLC lifted its stake in ANSYS by 69.5% during the 3rd quarter. KB Financial Partners LLC now owns 178 shares of the software maker’s stock valued at $53,000 after acquiring an additional 73 shares during the period. Finally, Lindbrook Capital LLC boosted its holdings in shares of ANSYS by 18.1% during the 3rd quarter. Lindbrook Capital LLC now owns 241 shares of the software maker’s stock valued at $72,000 after acquiring an additional 37 shares during the last quarter. Institutional investors own 92.39% of the company’s stock.

ANSYS Stock Down 1.2 %

ANSS opened at $329.87 on Tuesday. The company has a market capitalization of $28.80 billion, a PE ratio of 57.57, a price-to-earnings-growth ratio of 5.23 and a beta of 1.16. The firm has a 50-day simple moving average of $336.80 and a two-hundred day simple moving average of $321.84. The company has a quick ratio of 2.30, a current ratio of 2.30 and a debt-to-equity ratio of 0.14. ANSYS, Inc. has a 52 week low of $258.01 and a 52 week high of $364.31.

ANSYS (NASDAQ:ANSS) last announced its quarterly earnings results on Wednesday, February 21st. The software maker reported $3.94 earnings per share for the quarter, topping the consensus estimate of $3.71 by $0.23. ANSYS had a net margin of 22.05% and a return on equity of 11.83%. The company had revenue of $805.10 million for the quarter, compared to analysts’ expectations of $797.49 million. During the same quarter in the previous year, the business posted $2.61 earnings per share. ANSYS’s quarterly revenue was up 15.9% on a year-over-year basis. Analysts forecast that ANSYS, Inc. will post 7.39 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ANSS has been the topic of several research analyst reports. Wolfe Research reissued a “peer perform” rating on shares of ANSYS in a report on Wednesday, January 17th. Rosenblatt Securities restated a “neutral” rating and set a $345.00 price target on shares of ANSYS in a research note on Tuesday, March 5th. StockNews.com initiated coverage on shares of ANSYS in a research note on Tuesday, April 23rd. They issued a “hold” rating on the stock. Mizuho cut their target price on shares of ANSYS from $350.00 to $330.00 and set a “neutral” rating for the company in a research report on Wednesday, January 17th. Finally, Barclays increased their price target on shares of ANSYS from $314.00 to $340.00 and gave the stock an “underweight” rating in a research report on Thursday, February 22nd. 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 company. Based on data from MarketBeat.com, ANSYS has a consensus rating of “Hold” and a consensus target price of $320.00.

Insider Buying and Selling

In related news, Director Glenda Dorchak sold 150 shares of the business’s stock in a transaction on Monday, April 8th. The stock was sold at an average price of $342.08, for a total transaction of $51,312.00. Following the completion of the transaction, the director now owns 3,049 shares in the company, valued at approximately $1,043,001.92. The transaction 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 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.