NFJ Investment Group LLC Reduces Holdings in ANSYS, Inc. (NASDAQ:ANSS)

NFJ Investment Group LLC reduced its position in ANSYS, Inc. (NASDAQ:ANSS) by 2.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 38,729 shares of the software maker’s stock after selling 1,145 shares during the period. NFJ Investment Group LLC’s holdings in ANSYS were worth $13,064,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Ameliora Wealth Management Ltd. acquired a new position in shares of ANSYS in the fourth quarter worth about $27,000. Assetmark Inc. raised its position in shares of ANSYS by 468.2% in the 4th quarter. Assetmark Inc. now owns 125 shares of the software maker’s stock valued at $42,000 after purchasing an additional 103 shares in the last quarter. Millstone Evans Group LLC purchased a new position in shares of ANSYS during the 4th quarter valued at approximately $42,000. SBI Securities Co. Ltd. acquired a new stake in shares of ANSYS during the fourth quarter worth approximately $47,000. Finally, Allworth Financial LP increased its stake in shares of ANSYS by 33.7% in the fourth quarter. Allworth Financial LP now owns 258 shares of the software maker’s stock worth $92,000 after buying an additional 65 shares during the last quarter. 92.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

ANSYS Stock Up 0.7 %

ANSS stock opened at $304.08 on Wednesday. The firm has a market cap of $26.65 billion, a price-to-earnings ratio of 46.42, a PEG ratio of 3.48 and a beta of 1.20. ANSYS, Inc. has a 1-year low of $275.06 and a 1-year high of $363.03. The firm has a fifty day moving average price of $321.53 and a two-hundred day moving average price of $332.48. 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 released its quarterly earnings data on Wednesday, February 19th. The software maker reported $3.65 earnings per share 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 business had revenue of $882.17 million for the quarter, compared to analyst estimates of $864.46 million. Research analysts predict that ANSYS, Inc. will post 8.32 EPS for the current year.

Insider Buying and Selling

In related news, Director Glenda Dorchak sold 200 shares of the company’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 transaction, the director now directly owns 3,230 shares in the company, valued at $969,032.30. This represents a 5.83 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.46% of the company’s stock.

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.