Avanza Fonder AB Sells 159 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Avanza Fonder AB lessened its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) by 2.3% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,765 shares of the software maker’s stock after selling 159 shares during the quarter. Avanza Fonder AB’s holdings in ANSYS were worth $2,171,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. NBC Securities Inc. bought a new stake in shares of ANSYS during the first quarter worth $31,000. Quarry LP grew its stake in shares of ANSYS by 1,550.0% during the fourth quarter. Quarry LP now owns 99 shares of the software maker’s stock worth $33,000 after buying an additional 93 shares during the last quarter. Assetmark Inc. grew its stake in shares of ANSYS by 468.2% during the fourth quarter. Assetmark Inc. now owns 125 shares of the software maker’s stock worth $42,000 after buying an additional 103 shares during the last quarter. Millstone Evans Group LLC bought a new stake in shares of ANSYS during the fourth quarter worth $42,000. Finally, Kapitalo Investimentos Ltda acquired a new position in shares of ANSYS during the fourth quarter worth $43,000. Institutional investors own 92.39% of the company’s stock.

Insider Activity at ANSYS

In other news, Director Glenda Dorchak sold 200 shares of the company’s stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $300.01, for a total transaction of $60,002.00. Following the transaction, the director now owns 3,230 shares in the company, valued at approximately $969,032.30. This represents a 5.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.61% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on ANSS. Wall Street Zen lowered shares of ANSYS from a “buy” rating to a “hold” rating in a report on Wednesday, May 7th. Rosenblatt Securities lifted their price target on shares of ANSYS from $335.00 to $340.00 and gave the stock a “neutral” rating in a report on Friday, February 21st.

ANSYS Price Performance

ANSS stock opened at $346.53 on Thursday. The firm has a market cap of $30.47 billion, a price-to-earnings ratio of 52.91, a PEG ratio of 3.48 and a beta of 1.19. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.12. ANSYS, Inc. has a 12-month low of $275.06 and a 12-month high of $363.03. The company’s fifty day simple moving average is $324.44 and its 200 day simple moving average is $332.70.

ANSYS (NASDAQ:ANSS) last released its earnings results on Wednesday, April 30th. The software maker reported $1.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.75 by ($0.11). The firm had revenue of $504.89 million during the quarter, compared to analyst estimates of $516.81 million. ANSYS had a net margin of 22.62% and a return on equity of 12.69%. ANSYS’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.39 EPS. On average, analysts expect that ANSYS, Inc. will post 8.32 earnings per share 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.