Desjardins Global Asset Management Inc. Sells 3,947 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Desjardins Global Asset Management Inc. trimmed its position in ANSYS, Inc. (NASDAQ:ANSS) by 91.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 375 shares of the software maker’s stock after selling 3,947 shares during the period. Desjardins Global Asset Management Inc.’s holdings in ANSYS were worth $136,000 as of its most recent filing with the SEC.

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 valued at $28,000. Raleigh Capital Management Inc. raised its position in ANSYS by 135.7% during the 3rd quarter. Raleigh Capital Management Inc. now owns 99 shares of the software maker’s stock worth $29,000 after purchasing an additional 57 shares during the last quarter. KB Financial Partners LLC raised its position in ANSYS by 854.5% during the 2nd quarter. KB Financial Partners LLC now owns 105 shares of the software maker’s stock worth $35,000 after purchasing an additional 94 shares during the last quarter. Gyon Technologies Capital Management LP bought a new position in ANSYS during the 4th quarter worth $37,000. Finally, Turtle Creek Wealth Advisors LLC bought a new position in ANSYS during the 4th quarter worth $47,000. 92.39% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on ANSS shares. Barclays raised their target price on ANSYS from $314.00 to $340.00 and gave the stock an “underweight” rating in a research report on Thursday, February 22nd. Wolfe Research reaffirmed a “peer perform” rating on shares of ANSYS in a research report on Wednesday, January 17th. Mizuho lowered their target price on ANSYS from $350.00 to $330.00 and set a “neutral” rating for the company in a research report on Wednesday, January 17th. Rosenblatt Securities reiterated a “neutral” rating and set a $345.00 price target on shares of ANSYS in a report on Tuesday, March 5th. Finally, StockNews.com assumed coverage on ANSYS in a report on Monday, April 15th. They set a “hold” rating for the company. Two analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, ANSYS currently has a consensus rating of “Hold” and an average price target of $323.86.

ANSYS Stock Performance

Shares of ANSS opened at $322.11 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.30 and a quick ratio of 2.30. The stock has a 50-day moving average of $337.12 and a 200-day moving average of $320.18. The company has a market cap of $28.12 billion, a PE ratio of 56.21, a P/E/G ratio of 5.19 and a beta of 1.16. ANSYS, Inc. has a one year low of $258.01 and a one year high of $364.31.

ANSYS (NASDAQ:ANSS) last issued 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 company 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 firm’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same period last year, the business posted $2.61 EPS. On average, equities research analysts predict that ANSYS, Inc. will post 7.26 EPS for the current fiscal year.

Insider Buying and Selling at ANSYS

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