Franklin Resources Inc. Reduces Position in ANSYS, Inc. (NASDAQ:ANSS)

Franklin Resources Inc. reduced its position in shares of ANSYS, Inc. (NASDAQ:ANSS) by 48.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 358,250 shares of the software maker’s stock after selling 334,750 shares during the period. Franklin Resources Inc.’s holdings in ANSYS were worth $120,848,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wellington Management Group LLP lifted its holdings in ANSYS by 27.5% during the 4th quarter. Wellington Management Group LLP now owns 3,721 shares of the software maker’s stock worth $1,255,000 after buying an additional 803 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its stake in ANSYS by 21.5% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 4,862 shares of the software maker’s stock worth $1,640,000 after purchasing an additional 861 shares during the last quarter. Allianz SE acquired a new position in ANSYS in the fourth quarter valued at approximately $1,556,000. Tsai Capital Corp increased its stake in ANSYS by 0.5% in the fourth quarter. Tsai Capital Corp now owns 8,945 shares of the software maker’s stock valued at $3,017,000 after purchasing an additional 41 shares during the last quarter. Finally, Allstate Corp acquired a new stake in ANSYS during the fourth quarter worth approximately $871,000. Institutional investors and hedge funds own 92.39% of the company’s stock.

ANSYS Stock Performance

Shares of ANSYS stock opened at $320.91 on Thursday. The firm’s fifty day simple moving average is $333.11 and its 200-day simple moving average is $334.36. ANSYS, Inc. has a 12 month low of $289.82 and a 12 month high of $363.03. The stock has a market capitalization of $28.13 billion, a price-to-earnings ratio of 48.99, a PEG ratio of 3.48 and a beta of 1.11. 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 announced its earnings results on Wednesday, February 19th. The software maker reported $3.65 EPS for the quarter, missing analysts’ consensus estimates of $3.97 by ($0.32). ANSYS had a net margin of 22.62% and a return on equity of 12.69%. The business had revenue of $882.17 million during the quarter, compared to analysts’ expectations of $864.46 million. As a group, equities analysts forecast that ANSYS, Inc. will post 8.32 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have recently issued reports on ANSS. StockNews.com cut shares of ANSYS from a “buy” rating to a “hold” rating in a report on Friday, March 21st. Rosenblatt Securities raised their price objective on ANSYS from $335.00 to $340.00 and gave the stock a “neutral” rating in a report on Friday, February 21st.

Insider Buying and Selling at ANSYS

In other news, Director Glenda Dorchak sold 200 shares of the business’s stock in a transaction that occurred on Monday, January 13th. The stock was 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 approximately $1,154,606.60. The trade was a 5.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.46% of the stock is owned by company insiders.

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.