Amalgamated Bank Cuts Stock Holdings in ANSYS, Inc. (NASDAQ:ANSS)

Amalgamated Bank cut its holdings in ANSYS, Inc. (NASDAQ:ANSS) by 4.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,915 shares of the software maker’s stock after selling 1,152 shares during the quarter. Amalgamated Bank’s holdings in ANSYS were worth $8,315,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. CVA Family Office LLC bought a new position in shares of ANSYS during the fourth quarter valued at $28,000. Raleigh Capital Management Inc. raised its position in ANSYS by 135.7% in the 3rd quarter. Raleigh Capital Management Inc. now owns 99 shares of the software maker’s stock worth $29,000 after buying an additional 57 shares during the last quarter. Turtle Creek Wealth Advisors LLC bought a new position in ANSYS during the 4th quarter valued at about $47,000. KB Financial Partners LLC boosted its holdings in shares of ANSYS by 69.5% during the 3rd quarter. KB Financial Partners LLC now owns 178 shares of the software maker’s stock valued at $53,000 after acquiring an additional 73 shares during the last quarter. Finally, Lindbrook Capital LLC grew its stake in shares of ANSYS by 18.1% in the third quarter. Lindbrook Capital LLC now owns 241 shares of the software maker’s stock worth $72,000 after acquiring an additional 37 shares during the period. 92.39% of the stock is currently owned by hedge funds and other institutional investors.

ANSYS Stock Performance

NASDAQ:ANSS opened at $319.52 on Friday. The stock has a 50-day simple moving average of $335.57 and a two-hundred day simple moving average of $322.16. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.30 and a current ratio of 2.80. ANSYS, Inc. has a 52-week low of $258.01 and a 52-week high of $364.31. The firm has a market capitalization of $27.89 billion, a PE ratio of 64.16, a P/E/G ratio of 5.01 and a beta of 1.16.

ANSYS (NASDAQ:ANSS) last announced its quarterly earnings data 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). ANSYS had a net margin of 19.51% and a return on equity of 10.45%. The company had revenue of $466.60 million for the quarter, compared to the consensus estimate of $549.85 million. During the same quarter last year, the firm posted $1.45 earnings per share. The company’s revenue was down 8.4% compared to the same quarter last year. Analysts forecast that ANSYS, Inc. will post 7.39 EPS for the current year.

Insiders Place Their Bets

In other news, Director Glenda Dorchak sold 150 shares of the firm’s stock in a transaction on Monday, April 8th. The shares were sold at an average price of $342.08, for a total transaction of $51,312.00. Following the sale, the director now directly owns 3,049 shares in the company, valued at approximately $1,043,001.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. StockNews.com began coverage on shares of ANSYS in a research report on Wednesday. They set a “hold” rating on the stock. Mizuho dropped their price target on ANSYS from $350.00 to $330.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 17th. Barclays upped their price objective on ANSYS from $314.00 to $340.00 and gave the company an “underweight” rating in a research report on Thursday, February 22nd. Wolfe Research reissued a “peer perform” rating on shares of ANSYS in a research report on Wednesday, January 17th. Finally, Rosenblatt Securities restated a “neutral” rating and set a $345.00 price target on shares of ANSYS in a research note on Friday. Two equities research 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’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $320.00.

ANSYS Company 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.