M&G Plc Sells 1,909 Shares of ANSYS, Inc. (NASDAQ:ANSS)

M&G Plc reduced its stake in ANSYS, Inc. (NASDAQ:ANSS) by 0.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 332,161 shares of the software maker’s stock after selling 1,909 shares during the quarter. M&G Plc’s holdings in ANSYS were worth $106,956,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of ANSS. Wedmont Private Capital grew its position in shares of ANSYS by 1.3% during the 1st quarter. Wedmont Private Capital now owns 2,260 shares of the software maker’s stock worth $779,000 after purchasing an additional 30 shares in the last quarter. Benjamin F. Edwards & Company Inc. grew its position in shares of ANSYS by 3.7% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 897 shares of the software maker’s stock worth $311,000 after purchasing an additional 32 shares in the last quarter. Ieq Capital LLC grew its position in shares of ANSYS by 1.2% during the 4th quarter. Ieq Capital LLC now owns 2,853 shares of the software maker’s stock worth $1,035,000 after purchasing an additional 34 shares in the last quarter. Personal CFO Solutions LLC grew its position in shares of ANSYS by 2.6% during the 4th quarter. Personal CFO Solutions LLC now owns 1,359 shares of the software maker’s stock worth $493,000 after purchasing an additional 34 shares in the last quarter. Finally, Verdence Capital Advisors LLC grew its position in shares of ANSYS by 1.7% during the 4th quarter. Verdence Capital Advisors LLC now owns 2,071 shares of the software maker’s stock worth $752,000 after purchasing an additional 35 shares in the last quarter. 92.39% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ANSS. Rosenblatt Securities decreased their target price on shares of ANSYS from $345.00 to $335.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 6th. KeyCorp began coverage on shares of ANSYS in a research report on Thursday, June 27th. They set a “sector weight” rating on the stock. Finally, StockNews.com began coverage on shares of ANSYS in a research report on Tuesday. They set a “hold” rating on the stock. Two analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, ANSYS has a consensus rating of “Hold” and a consensus price target of $318.33.

Insider Buying and Selling at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 159 shares of the firm’s stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $330.81, for a total value of $52,598.79. Following the sale, the director now owns 3,782 shares in the company, valued at $1,251,123.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.46% of the company’s stock.

ANSYS Price Performance

Shares of NASDAQ ANSS traded up $4.76 during trading hours on Tuesday, hitting $318.07. 400,971 shares of the stock were exchanged, compared to its average volume of 584,499. ANSYS, Inc. has a 1-year low of $258.01 and a 1-year high of $364.31. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.80 and a current ratio of 2.95. The company has a market cap of $27.77 billion, a PE ratio of 62.91, a price-to-earnings-growth ratio of 6.90 and a beta of 1.11. The company’s fifty day simple moving average is $319.62 and its two-hundred day simple moving average is $328.32.

ANSYS (NASDAQ:ANSS) last issued its earnings results on Wednesday, July 31st. The software maker reported $2.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.92 by $0.58. ANSYS had a net margin of 21.30% and a return on equity of 11.51%. The firm had revenue of $594.14 million for the quarter, compared to analyst estimates of $550.30 million. During the same quarter last year, the business posted $1.06 earnings per share. The company’s quarterly revenue was up 19.6% on a year-over-year basis. On average, sell-side analysts predict that ANSYS, Inc. will post 7.05 EPS for the current year.

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.