ANSYS, Inc. (NASDAQ:ANSS) Shares Sold by DNB Asset Management AS

DNB Asset Management AS reduced its holdings in ANSYS, Inc. (NASDAQ:ANSS) by 53.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,123 shares of the software maker’s stock after selling 25,151 shares during the quarter. DNB Asset Management AS’s holdings in ANSYS were worth $7,113,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Norges Bank bought a new position in ANSYS during the 4th quarter valued at $282,329,000. Swedbank AB acquired a new stake in shares of ANSYS in the first quarter worth $128,089,000. M&G Plc acquired a new stake in shares of ANSYS in the first quarter worth $115,922,000. Point72 Asset Management L.P. boosted its stake in shares of ANSYS by 210.1% during the 4th quarter. Point72 Asset Management L.P. now owns 325,000 shares of the software maker’s stock valued at $117,936,000 after buying an additional 220,200 shares during the period. Finally, Magnetar Financial LLC purchased a new stake in shares of ANSYS during the 1st quarter worth about $72,797,000. 92.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ANSS has been the topic of several analyst reports. StockNews.com began coverage on shares of ANSYS in a research report on Monday. They set a “hold” rating on the stock. KeyCorp assumed coverage on shares of ANSYS in a research report on Thursday, June 27th. They issued a “sector weight” rating on the stock. Finally, Rosenblatt Securities dropped their price target on shares of ANSYS from $345.00 to $335.00 and set a “neutral” rating for the company in a research report on Tuesday. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $318.33.

ANSYS Stock Performance

NASDAQ ANSS traded up $6.25 on Tuesday, hitting $302.79. 563,641 shares of the stock were exchanged, compared to its average volume of 591,585. ANSYS, Inc. has a 52 week low of $258.01 and a 52 week high of $364.31. The company has a market capitalization of $26.43 billion, a PE ratio of 60.81, a P/E/G ratio of 6.90 and a beta of 1.11. The business’s fifty day moving average is $320.97 and its 200 day moving average is $329.47. 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 earnings results on Wednesday, July 31st. The software maker reported $2.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.92 by $0.58. The business had revenue of $594.14 million during the quarter, compared to the consensus estimate 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 business posted $1.06 EPS. Research analysts anticipate that ANSYS, Inc. will post 7.05 EPS for the current fiscal year.

Insider Buying and Selling at ANSYS

In other news, Director Glenda Dorchak sold 159 shares of the firm’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 transaction, the director now directly owns 3,782 shares of the company’s stock, valued at $1,251,123.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.46% of the company’s stock.

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.