Gulf International Bank UK Ltd Sells 201 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Gulf International Bank UK Ltd lessened its position in ANSYS, Inc. (NASDAQ:ANSS) by 1.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,528 shares of the software maker’s stock after selling 201 shares during the period. Gulf International Bank UK Ltd’s holdings in ANSYS were worth $4,027,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in ANSS. Norges Bank bought a new stake in ANSYS in the 4th quarter worth $282,329,000. Swedbank AB bought a new stake in ANSYS in the 1st quarter worth $128,089,000. M&G Plc bought a new stake in ANSYS in the 1st quarter worth $115,922,000. Point72 Asset Management L.P. grew its holdings in ANSYS by 210.1% in the 4th quarter. Point72 Asset Management L.P. now owns 325,000 shares of the software maker’s stock worth $117,936,000 after acquiring an additional 220,200 shares during the last quarter. Finally, Magnetar Financial LLC bought a new stake in ANSYS in the 1st quarter worth $72,797,000. Institutional investors own 92.39% of the company’s stock.

ANSYS Stock Down 1.3 %

NASDAQ ANSS traded down $3.99 during trading hours on Wednesday, reaching $298.80. 437,652 shares of the company’s stock traded hands, compared to its average volume of 590,570. ANSYS, Inc. has a 52-week low of $258.01 and a 52-week high of $364.31. The firm has a market cap of $26.09 billion, a PE ratio of 60.00, a PEG ratio of 6.90 and a beta of 1.11. The firm has a 50-day simple moving average of $320.46 and a 200 day simple moving average of $329.23. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.95 and a quick ratio of 2.80.

ANSYS (NASDAQ:ANSS) last issued its quarterly earnings results on Wednesday, July 31st. The software maker reported $2.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.92 by $0.58. The company had revenue of $594.14 million during the quarter, compared to analysts’ expectations of $550.30 million. ANSYS had a net margin of 21.30% and a return on equity of 11.51%. ANSYS’s revenue was up 19.6% on a year-over-year basis. During the same period last year, the company posted $1.06 EPS. Sell-side analysts anticipate that ANSYS, Inc. will post 7.05 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. KeyCorp assumed coverage on shares of ANSYS in a research note on Thursday, June 27th. They set a “sector weight” rating on the stock. Rosenblatt Securities cut their target price on shares of ANSYS from $345.00 to $335.00 and set a “neutral” rating on the stock in a research note on Tuesday. Finally, StockNews.com assumed coverage on shares of ANSYS in a research note on Monday. They set a “hold” rating on the stock. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $318.33.

Insider Activity

In other news, Director Glenda Dorchak sold 159 shares of the business’s stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $330.81, for a total transaction of $52,598.79. Following the completion of the transaction, the director now directly owns 3,782 shares of the company’s stock, valued at $1,251,123.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.46% of the stock is owned by corporate insiders.

About ANSYS

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.