ANSYS, Inc. (NASDAQ:ANSS) Shares Sold by ARK Investment Management LLC

ARK Investment Management LLC reduced its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) by 6.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,502 shares of the software maker’s stock after selling 4,456 shares during the period. ARK Investment Management LLC’s holdings in ANSYS were worth $24,132,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of ANSS. CVA Family Office LLC bought a new position in shares of ANSYS in the 4th quarter worth about $28,000. Raleigh Capital Management Inc. lifted its position in shares of ANSYS by 135.7% in the 3rd quarter. Raleigh Capital Management Inc. now owns 99 shares of the software maker’s stock worth $29,000 after buying an additional 57 shares during the last quarter. West Tower Group LLC bought a new position in shares of ANSYS in the 2nd quarter worth about $31,000. KB Financial Partners LLC lifted its position in shares of ANSYS by 854.5% in the 2nd quarter. KB Financial Partners LLC now owns 105 shares of the software maker’s stock worth $35,000 after buying an additional 94 shares during the last quarter. Finally, Gyon Technologies Capital Management LP bought a new stake in ANSYS in the 4th quarter valued at about $37,000. 92.39% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ANSS has been the topic of several recent research reports. Barclays lifted their price objective on shares of ANSYS from $314.00 to $340.00 and gave the company an “underweight” rating in a research report on Thursday, February 22nd. Mizuho cut their price objective on shares of ANSYS from $350.00 to $330.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 17th. Wolfe Research reiterated a “peer perform” rating on shares of ANSYS in a research report on Wednesday, January 17th. StockNews.com initiated coverage on shares of ANSYS in a research report on Friday, March 22nd. They issued a “hold” rating on the stock. Finally, Rosenblatt Securities reiterated a “neutral” rating and issued a $345.00 price objective on shares of ANSYS in a research report on Tuesday, March 5th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, ANSYS currently has an average rating of “Hold” and a consensus target price of $322.75.

ANSYS Stock Down 0.5 %

ANSYS stock opened at $347.93 on Thursday. The stock has a market cap of $30.28 billion, a price-to-earnings ratio of 60.72, a PEG ratio of 5.38 and a beta of 1.16. The company has a current ratio of 2.30, a quick ratio of 2.30 and a debt-to-equity ratio of 0.14. The company’s 50-day moving average price is $336.19 and its two-hundred day moving average price is $316.18. ANSYS, Inc. has a 52 week low of $258.01 and a 52 week high of $364.31.

ANSYS (NASDAQ:ANSS) last released its earnings results on Wednesday, February 21st. The software maker reported $3.94 EPS for the quarter, beating the consensus estimate of $3.71 by $0.23. The firm had revenue of $805.10 million for the quarter, compared to analysts’ expectations of $797.49 million. ANSYS had a net margin of 22.05% and a return on equity of 11.83%. ANSYS’s quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter last year, the company earned $2.61 EPS. On average, analysts expect that ANSYS, Inc. will post 7.48 EPS for the current fiscal year.

Insider Transactions at ANSYS

In other news, Director Glenda Dorchak sold 200 shares of ANSYS stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of $345.68, for a total value of $69,136.00. Following the transaction, the director now owns 3,199 shares of the company’s stock, valued at approximately $1,105,830.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.53% of the company’s stock.

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.