Legal & General Group Plc Trims Holdings in ANSYS, Inc. (NASDAQ:ANSS)

Legal & General Group Plc reduced its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) by 22.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 565,682 shares of the software maker’s stock after selling 167,963 shares during the period. Legal & General Group Plc’s holdings in ANSYS were worth $190,822,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in ANSS. Quantinno Capital Management LP boosted its position in shares of ANSYS by 29.7% during the 3rd quarter. Quantinno Capital Management LP now owns 3,129 shares of the software maker’s stock valued at $997,000 after acquiring an additional 716 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of ANSYS by 10.2% during the 3rd quarter. Wellington Management Group LLP now owns 2,918 shares of the software maker’s stock valued at $930,000 after acquiring an additional 269 shares during the last quarter. EP Wealth Advisors LLC boosted its position in shares of ANSYS by 9.2% during the 3rd quarter. EP Wealth Advisors LLC now owns 770 shares of the software maker’s stock valued at $245,000 after acquiring an additional 65 shares during the last quarter. XTX Topco Ltd bought a new position in shares of ANSYS during the 3rd quarter valued at approximately $518,000. Finally, MML Investors Services LLC boosted its position in shares of ANSYS by 5.7% during the 3rd quarter. MML Investors Services LLC now owns 11,950 shares of the software maker’s stock valued at $3,808,000 after acquiring an additional 648 shares during the last quarter. 92.39% of the stock is owned by hedge funds and other institutional investors.

ANSYS Price Performance

ANSS opened at $309.72 on Thursday. The business’s 50-day moving average is $325.30 and its two-hundred day moving average is $333.14. ANSYS, Inc. has a 1 year low of $275.06 and a 1 year high of $363.03. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.01 and a quick ratio of 3.01. The firm has a market capitalization of $27.15 billion, a PE ratio of 47.29, a price-to-earnings-growth ratio of 3.48 and a beta of 1.20.

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

Analyst Upgrades and Downgrades

ANSS has been the subject of a number of analyst reports. StockNews.com downgraded ANSYS from a “buy” rating to a “hold” rating in a research report on Friday, March 21st. Rosenblatt Securities raised their price target on ANSYS from $335.00 to $340.00 and gave the stock a “neutral” rating in a research report on Friday, February 21st.

Insider Buying and Selling

In related 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 transaction of $67,324.00. Following the completion of the sale, the director now directly owns 3,430 shares in the company, valued at approximately $1,154,606.60. The trade was a 5.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.46% of the stock is owned by company insiders.

About ANSYS

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.