Impax Asset Management Group plc Sells 42,160 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Impax Asset Management Group plc lessened its position in ANSYS, Inc. (NASDAQ:ANSS) by 7.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 561,234 shares of the software maker’s stock after selling 42,160 shares during the quarter. Impax Asset Management Group plc owned 0.64% of ANSYS worth $189,321,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Stock Yards Bank & Trust Co. boosted its position in shares of ANSYS by 1.3% during the fourth quarter. Stock Yards Bank & Trust Co. now owns 2,275 shares of the software maker’s stock valued at $767,000 after buying an additional 30 shares during the period. Greenleaf Trust lifted its stake in shares of ANSYS by 0.9% during the 4th quarter. Greenleaf Trust now owns 3,651 shares of the software maker’s stock worth $1,232,000 after acquiring an additional 32 shares during the last quarter. Koshinski Asset Management Inc. boosted its holdings in ANSYS by 0.8% during the 4th quarter. Koshinski Asset Management Inc. now owns 4,367 shares of the software maker’s stock valued at $1,473,000 after acquiring an additional 34 shares during the period. BTC Capital Management Inc. grew its position in ANSYS by 2.5% in the 4th quarter. BTC Capital Management Inc. now owns 1,499 shares of the software maker’s stock valued at $506,000 after acquiring an additional 36 shares during the last quarter. Finally, Summerhill Capital Management lnc. grew its holdings in shares of ANSYS by 0.6% in the fourth quarter. Summerhill Capital Management lnc. now owns 6,139 shares of the software maker’s stock worth $2,071,000 after purchasing an additional 36 shares during the last quarter. 92.39% of the stock is currently owned by institutional investors.

ANSYS Trading Down 1.8 %

Shares of NASDAQ:ANSS opened at $334.21 on Monday. The company has a current ratio of 3.01, a quick ratio of 3.11 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $29.29 billion, a PE ratio of 51.02, a P/E/G ratio of 3.55 and a beta of 1.12. ANSYS, Inc. has a 12-month low of $289.82 and a 12-month high of $363.03. The business’s fifty day simple moving average is $342.69 and its 200-day simple moving average is $333.19.

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on ANSS. Rosenblatt Securities raised 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. StockNews.com upgraded ANSYS from a “hold” rating to a “buy” rating in a research note on Friday. Finally, Robert W. Baird lifted their price objective on ANSYS from $350.00 to $365.00 and gave the company an “outperform” rating in a report on Thursday, November 7th.

Insiders Place Their Bets

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

ANSYS 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.