ANSYS, Inc. (NASDAQ:ANSS) Shares Sold by E Fund Management Co. Ltd.

E Fund Management Co. Ltd. lowered its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS) by 7.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,489 shares of the software maker’s stock after selling 119 shares during the period. E Fund Management Co. Ltd.’s holdings in ANSYS were worth $540,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of ANSS. Wellington Management Group LLP boosted its stake in ANSYS by 167.4% during the 3rd quarter. Wellington Management Group LLP now owns 1,286,790 shares of the software maker’s stock worth $382,884,000 after purchasing an additional 805,657 shares during the period. Alecta Tjanstepension Omsesidigt acquired a new stake in ANSYS during the 4th quarter worth $145,144,000. Comerica Bank lifted its stake in shares of ANSYS by 1,922.9% in the 3rd quarter. Comerica Bank now owns 329,577 shares of the software maker’s stock worth $98,066,000 after acquiring an additional 313,285 shares during the period. Morgan Stanley lifted its stake in shares of ANSYS by 18.0% in the 3rd quarter. Morgan Stanley now owns 1,010,937 shares of the software maker’s stock worth $300,805,000 after acquiring an additional 154,325 shares during the period. Finally, California Public Employees Retirement System lifted its stake in shares of ANSYS by 76.0% in the 3rd quarter. California Public Employees Retirement System now owns 346,120 shares of the software maker’s stock worth $102,988,000 after acquiring an additional 149,496 shares during the period. Institutional investors and hedge funds own 92.39% of the company’s stock.

ANSYS Price Performance

ANSS traded up $1.92 during midday trading on Wednesday, reaching $326.96. 180,229 shares of the company’s stock were exchanged, compared to its average volume of 663,795. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.80 and a quick ratio of 2.80. The stock has a market capitalization of $28.54 billion, a PE ratio of 65.65, a P/E/G ratio of 5.01 and a beta of 1.16. The business’s 50-day moving average price is $335.06 and its 200 day moving average price is $323.12. ANSYS, Inc. has a 1-year low of $258.01 and a 1-year high of $364.31.

ANSYS (NASDAQ:ANSS) last announced its earnings results on Wednesday, May 1st. The software maker reported $1.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.54). The business had revenue of $466.60 million for the quarter, compared to analyst estimates of $549.85 million. ANSYS had a return on equity of 10.45% and a net margin of 19.51%. The business’s revenue was down 8.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.45 EPS. As a group, equities analysts anticipate that ANSYS, Inc. will post 7.39 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ANSS has been the subject of several recent analyst reports. StockNews.com initiated coverage on shares of ANSYS in a research note on Wednesday, May 1st. They issued a “hold” rating for the company. Rosenblatt Securities restated a “neutral” rating and issued a $345.00 target price on shares of ANSYS in a research note on Friday, May 3rd. Barclays raised their target price on shares of ANSYS from $314.00 to $340.00 and gave the stock an “underweight” rating in a research note on Thursday, February 22nd. Wolfe Research reiterated a “peer perform” rating on shares of ANSYS in a report on Wednesday, January 17th. Finally, Mizuho cut their price target on shares of ANSYS from $350.00 to $330.00 and set a “neutral” rating for the company in a report on Wednesday, January 17th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, ANSYS presently has an average rating of “Hold” and a consensus price target of $320.00.

Insiders Place Their Bets

In other news, Director Glenda Dorchak sold 150 shares of the business’s stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $342.08, for a total value of $51,312.00. Following the completion of the transaction, the director now owns 3,049 shares of the company’s stock, valued at $1,043,001.92. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.46% of the stock is currently 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.