Pictet Asset Management Holding SA Sells 813,161 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Pictet Asset Management Holding SA decreased its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) by 49.5% during the fourth quarter, Holdings Channel reports. The firm owned 829,950 shares of the software maker’s stock after selling 813,161 shares during the quarter. Pictet Asset Management Holding SA’s holdings in ANSYS were worth $279,967,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Norges Bank bought a new position in shares of ANSYS in the fourth quarter worth about $615,566,000. Proficio Capital Partners LLC purchased a new stake in ANSYS during the fourth quarter valued at $119,140,000. D1 Capital Partners L.P. purchased a new position in ANSYS in the third quarter worth about $73,345,000. State Street Corp increased its position in shares of ANSYS by 3.0% during the 3rd quarter. State Street Corp now owns 3,703,249 shares of the software maker’s stock valued at $1,179,966,000 after purchasing an additional 106,187 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of ANSYS by 34.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 386,708 shares of the software maker’s stock worth $123,217,000 after acquiring an additional 100,042 shares during the last quarter. Institutional investors own 92.39% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ANSS. Rosenblatt Securities lifted their target price on ANSYS from $335.00 to $340.00 and gave the stock a “neutral” rating in a research report on Friday, February 21st. StockNews.com downgraded ANSYS from a “buy” rating to a “hold” rating in a research report on Friday, March 21st.

ANSYS Price Performance

ANSYS stock opened at $322.09 on Friday. The stock has a market capitalization of $28.23 billion, a P/E ratio of 49.17, a P/E/G ratio of 3.48 and a beta of 1.11. The company’s fifty day moving average price is $335.78 and its 200 day moving average price is $334.11. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.01 and a current ratio of 3.01. ANSYS, Inc. has a 1 year low of $289.82 and a 1 year high of $363.03.

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 the consensus estimate of $3.97 by ($0.32). The business had revenue of $882.17 million for the quarter, compared to analyst estimates of $864.46 million. ANSYS had a return on equity of 12.69% and a net margin of 22.62%. As a group, equities research analysts anticipate that ANSYS, Inc. will post 8.32 earnings per share for the current fiscal year.

Insider Transactions at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the company’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $336.62, for a total value of $67,324.00. Following the transaction, the director now owns 3,430 shares of the company’s stock, valued at $1,154,606.60. This represents a 5.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.46% of the company’s stock.

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.