ANSYS, Inc. (NASDAQ:ANSS) Position Reduced by Nikko Asset Management Americas Inc.

Nikko Asset Management Americas Inc. lowered its position in ANSYS, Inc. (NASDAQ:ANSS) by 15.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,916 shares of the software maker’s stock after selling 3,531 shares during the quarter. Nikko Asset Management Americas Inc.’s holdings in ANSYS were worth $6,380,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. GSA Capital Partners LLP acquired a new position in shares of ANSYS during the third quarter valued at approximately $451,000. Huntington National Bank boosted its stake in shares of ANSYS by 11.9% during the 3rd quarter. Huntington National Bank now owns 639 shares of the software maker’s stock valued at $204,000 after buying an additional 68 shares during the period. OneDigital Investment Advisors LLC boosted its stake in shares of ANSYS by 3.0% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 1,285 shares of the software maker’s stock valued at $409,000 after buying an additional 37 shares during the period. CIBC Asset Management Inc boosted its stake in shares of ANSYS by 5.9% during the 3rd quarter. CIBC Asset Management Inc now owns 27,116 shares of the software maker’s stock valued at $8,640,000 after buying an additional 1,518 shares during the period. Finally, Empowered Funds LLC lifted its stake in shares of ANSYS by 23.3% in the 3rd quarter. Empowered Funds LLC now owns 1,467 shares of the software maker’s stock valued at $467,000 after purchasing an additional 277 shares during the last quarter. Institutional investors own 92.39% of the company’s stock.

Insider Buying and Selling at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the company’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $336.62, for a total transaction of $67,324.00. Following the sale, the director now directly owns 3,430 shares of the company’s stock, valued at $1,154,606.60. This represents a 5.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.46% of the stock is currently owned by company insiders.

ANSYS Stock Performance

Shares of ANSS stock opened at $322.68 on Monday. The company has a fifty day moving average price of $338.68 and a two-hundred day moving average price of $333.73. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.01 and a quick ratio of 3.01. The stock has a market cap of $28.28 billion, a P/E ratio of 49.26, a P/E/G ratio of 3.48 and a beta of 1.11. ANSYS, Inc. has a one year low of $289.82 and a one year high of $363.03.

ANSYS (NASDAQ:ANSS) last released its earnings results on Wednesday, February 19th. The software maker reported $3.65 EPS for the quarter, missing the consensus estimate of $3.97 by ($0.32). ANSYS had a net margin of 22.62% and a return on equity of 12.69%. The firm had revenue of $882.17 million during the quarter, compared to the consensus estimate of $864.46 million. As a group, equities analysts predict that ANSYS, Inc. will post 8.32 EPS for the current year.

Analyst Ratings Changes

ANSS has been the subject of a number of research analyst reports. Rosenblatt Securities boosted their target price on shares of ANSYS from $335.00 to $340.00 and gave the stock a “neutral” rating in a research report on Friday, February 21st. StockNews.com upgraded shares of ANSYS from a “hold” rating to a “buy” rating in a research report on Friday, February 21st.

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.