Bank of New York Mellon Corp Cuts Stock Holdings in ANSYS, Inc. (NASDAQ:ANSS)

Bank of New York Mellon Corp lessened its holdings in ANSYS, Inc. (NASDAQ:ANSS) by 5.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 734,582 shares of the software maker’s stock after selling 45,281 shares during the quarter. Bank of New York Mellon Corp’s holdings in ANSYS were worth $247,796,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Crestwood Advisors Group LLC boosted its stake in shares of ANSYS by 8.9% in the fourth quarter. Crestwood Advisors Group LLC now owns 1,589 shares of the software maker’s stock valued at $536,000 after buying an additional 130 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new stake in ANSYS in the fourth quarter valued at $4,270,000. Howard Capital Management Inc. boosted its position in shares of ANSYS by 2.9% during the 4th quarter. Howard Capital Management Inc. now owns 2,373 shares of the software maker’s stock worth $800,000 after purchasing an additional 67 shares in the last quarter. Olympiad Research LP grew its stake in shares of ANSYS by 67.5% during the 4th quarter. Olympiad Research LP now owns 3,690 shares of the software maker’s stock worth $1,245,000 after purchasing an additional 1,487 shares during the period. Finally, Bradley Foster & Sargent Inc. CT increased its holdings in shares of ANSYS by 15.2% in the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 24,359 shares of the software maker’s stock valued at $8,217,000 after purchasing an additional 3,209 shares in the last quarter. Institutional investors and hedge funds own 92.39% of the company’s stock.

Insiders Place Their Bets

In other news, Director Glenda Dorchak sold 200 shares of the company’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $336.62, for a total value of $67,324.00. Following the sale, the director now directly owns 3,430 shares in the company, valued at $1,154,606.60. This represents a 5.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.46% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

ANSS has been the topic of a number of research analyst reports. Robert W. Baird boosted their price objective on shares of ANSYS from $350.00 to $365.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. StockNews.com raised ANSYS from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. Finally, Rosenblatt Securities raised their price objective on ANSYS from $335.00 to $340.00 and gave the company a “neutral” rating in a research note on Friday, February 21st.

ANSYS Price Performance

Shares of NASDAQ ANSS opened at $332.32 on Thursday. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 0.12. The stock has a market cap of $29.13 billion, a price-to-earnings ratio of 50.74, a PEG ratio of 3.48 and a beta of 1.12. The company’s 50-day moving average price is $342.23 and its 200 day moving average price is $333.49. ANSYS, Inc. has a 52 week low of $289.82 and a 52 week high of $363.03.

ANSYS (NASDAQ:ANSS) last released its quarterly earnings results on Wednesday, February 19th. The software maker reported $3.65 EPS for the quarter, missing the consensus estimate of $3.97 by ($0.32). ANSYS had a net margin of 22.62% and a return on equity of 12.69%. The business had revenue of $882.17 million during the quarter, compared to analyst estimates of $864.46 million. As a group, research analysts forecast that ANSYS, Inc. will post 8.32 earnings per share for the current fiscal year.

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.