Renaissance Group LLC Decreases Holdings in ANSYS, Inc. (NASDAQ:ANSS)

Renaissance Group LLC lowered its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS) by 4.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 87,266 shares of the software maker’s stock after selling 3,688 shares during the period. Renaissance Group LLC’s holdings in ANSYS were worth $31,675,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the business. Ninety One North America Inc. increased its position in shares of ANSYS by 49.3% in the fourth quarter. Ninety One North America Inc. now owns 29,863 shares of the software maker’s stock valued at $10,837,000 after acquiring an additional 9,863 shares during the period. Massachusetts Financial Services Co. MA grew its position in shares of ANSYS by 7.3% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,195,065 shares of the software maker’s stock worth $355,592,000 after buying an additional 81,457 shares during the last quarter. DekaBank Deutsche Girozentrale increased its stake in shares of ANSYS by 8.2% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 415,424 shares of the software maker’s stock valued at $149,607,000 after buying an additional 31,579 shares during the period. US Bancorp DE raised its holdings in shares of ANSYS by 3.7% during the third quarter. US Bancorp DE now owns 33,520 shares of the software maker’s stock valued at $9,974,000 after acquiring an additional 1,198 shares in the last quarter. Finally, Pinnacle Wealth Planning Services Inc. bought a new stake in ANSYS in the fourth quarter valued at $204,000. 92.39% of the stock is owned by institutional investors.

ANSYS Stock Performance

Shares of NASDAQ ANSS traded up $0.88 during trading on Monday, reaching $328.59. 406,704 shares of the company traded hands, compared to its average volume of 639,866. ANSYS, Inc. has a 52-week low of $258.01 and a 52-week high of $364.31. The company has a quick ratio of 2.80, a current ratio of 2.80 and a debt-to-equity ratio of 0.14. The firm has a 50 day simple moving average of $333.76 and a 200-day simple moving average of $326.12. The stock has a market capitalization of $28.69 billion, a PE ratio of 65.98, a P/E/G ratio of 7.19 and a beta of 1.16.

ANSYS (NASDAQ:ANSS) last released its quarterly 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 firm had revenue of $466.60 million during the quarter, compared to analysts’ expectations of $549.85 million. ANSYS had a return on equity of 10.45% and a net margin of 19.51%. The business’s quarterly revenue was down 8.4% on a year-over-year basis. During the same quarter last year, the business earned $1.45 earnings per share. Equities research analysts anticipate that ANSYS, Inc. will post 7.16 earnings per share for the current year.

Analyst Ratings Changes

ANSS has been the topic of a number of research reports. StockNews.com assumed coverage on shares of ANSYS in a research note on Friday. They set a “hold” rating on the stock. Barclays upped their price target on ANSYS from $314.00 to $340.00 and gave the stock an “underweight” rating in a research note on Thursday, February 22nd. Finally, Rosenblatt Securities restated a “neutral” rating and set a $345.00 target price on shares of ANSYS in a report on Friday, May 3rd. 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 stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $320.00.

Insider Buying and Selling

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

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.