Zurcher Kantonalbank Zurich Cantonalbank Sells 94,202 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Zurcher Kantonalbank Zurich Cantonalbank lowered its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) by 69.3% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 41,775 shares of the software maker’s stock after selling 94,202 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in ANSYS were worth $15,159,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ANSS. CVA Family Office LLC acquired a new position in shares of ANSYS in the 4th quarter valued at approximately $28,000. Raleigh Capital Management Inc. grew 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 valued at $29,000 after purchasing an additional 57 shares during the period. KB Financial Partners LLC grew 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 valued at $35,000 after purchasing an additional 94 shares during the period. Gyon Technologies Capital Management LP acquired a new position in shares of ANSYS in the 4th quarter valued at approximately $37,000. Finally, Turtle Creek Wealth Advisors LLC acquired a new position in shares of ANSYS in the 4th quarter valued at approximately $47,000. Institutional investors own 92.39% of the company’s stock.

ANSYS Price Performance

Shares of ANSS stock opened at $324.50 on Friday. The company has a quick ratio of 2.30, a current ratio of 2.30 and a debt-to-equity ratio of 0.14. The company has a market cap of $28.33 billion, a P/E ratio of 56.63, a P/E/G ratio of 5.21 and a beta of 1.16. ANSYS, Inc. has a twelve month low of $258.01 and a twelve month high of $364.31. The business has a fifty day simple moving average of $337.53 and a 200 day simple moving average of $320.00.

ANSYS (NASDAQ:ANSS) last posted 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 during the quarter, compared to the consensus estimate of $797.49 million. ANSYS had a return on equity of 11.83% and a net margin of 22.05%. The business’s quarterly revenue was up 15.9% on a year-over-year basis. During the same period last year, the company earned $2.61 earnings per share. On average, sell-side analysts forecast that ANSYS, Inc. will post 7.26 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ANSS has been the subject of several research analyst reports. 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. Wolfe Research reiterated a “peer perform” rating on shares of ANSYS in a research note on Wednesday, January 17th. Mizuho dropped their price objective on ANSYS from $350.00 to $330.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 17th. StockNews.com started coverage on ANSYS in a research note on Monday. They set a “hold” rating on the stock. Finally, Barclays increased their price target on ANSYS from $314.00 to $340.00 and gave the company an “underweight” rating in a research note on Thursday, February 22nd. Two analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, ANSYS currently has a consensus rating of “Hold” and an average target price of $323.86.

Insider Buying and Selling at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 150 shares of the stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $342.08, for a total value of $51,312.00. Following the completion of the transaction, the director now directly owns 3,049 shares in the company, valued at $1,043,001.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.53% of the company’s stock.

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.