ANSYS, Inc. (NASDAQ:ANSS) Shares Sold by Mirova

Mirova cut its holdings in ANSYS, Inc. (NASDAQ:ANSS) by 16.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 13,249 shares of the software maker’s stock after selling 2,538 shares during the period. ANSYS comprises approximately 0.6% of Mirova’s holdings, making the stock its 27th biggest position. Mirova’s holdings in ANSYS were worth $4,409,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Financial Consulate Inc. increased its position in shares of ANSYS by 2.0% in the first quarter. Financial Consulate Inc. now owns 1,643 shares of the software maker’s stock worth $547,000 after acquiring an additional 32 shares in the last quarter. ETF Managers Group LLC increased its position in shares of ANSYS by 1.5% in the first quarter. ETF Managers Group LLC now owns 2,271 shares of the software maker’s stock worth $756,000 after acquiring an additional 33 shares in the last quarter. Personal CFO Solutions LLC increased its position in shares of ANSYS by 2.8% in the first quarter. Personal CFO Solutions LLC now owns 1,268 shares of the software maker’s stock worth $422,000 after acquiring an additional 34 shares in the last quarter. Massmutual Trust Co. FSB ADV increased its position in shares of ANSYS by 57.1% in the first quarter. Massmutual Trust Co. FSB ADV now owns 99 shares of the software maker’s stock worth $33,000 after acquiring an additional 36 shares in the last quarter. Finally, IFP Advisors Inc increased its position in shares of ANSYS by 8.3% in the fourth quarter. IFP Advisors Inc now owns 485 shares of the software maker’s stock worth $84,000 after acquiring an additional 37 shares in the last quarter. 90.21% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on ANSS shares. Royal Bank of Canada reissued a “sector perform” rating and issued a $310.00 target price on shares of ANSYS in a research report on Friday, August 4th. Barclays lifted their target price on shares of ANSYS from $292.00 to $303.00 and gave the stock an “underweight” rating in a research report on Friday, July 14th. Mizuho boosted their price objective on shares of ANSYS from $280.00 to $310.00 in a research report on Monday, July 17th. Rosenblatt Securities reaffirmed a “buy” rating and set a $320.00 price objective on shares of ANSYS in a research report on Friday, August 4th. Finally, TheStreet downgraded shares of ANSYS from a “b-” rating to a “c+” rating in a research report on Tuesday, August 22nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $317.45.

Insider Transactions at ANSYS

In other news, Director Glenda Dorchak sold 200 shares of the business’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $298.99, for a total value of $59,798.00. Following the completion of the sale, the director now directly owns 3,621 shares in the company, valued at $1,082,642.79. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Glenda Dorchak sold 200 shares of the business’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $298.99, for a total value of $59,798.00. Following the completion of the sale, the director now directly owns 3,621 shares in the company, valued at $1,082,642.79. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Ajei Gopal sold 52,221 shares of the business’s stock in a transaction on Monday, June 12th. The stock was sold at an average price of $328.01, for a total transaction of $17,129,010.21. Following the completion of the sale, the chief executive officer now owns 213,977 shares of the company’s stock, valued at $70,186,595.77. The disclosure for this sale can be found here. Over the last three months, insiders sold 68,263 shares of company stock worth $22,672,660. 0.53% of the stock is owned by insiders.

ANSYS Price Performance

NASDAQ ANSS opened at $314.35 on Friday. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $27.28 billion, a PE ratio of 52.39, a price-to-earnings-growth ratio of 6.02 and a beta of 1.24. The company has a 50 day moving average price of $320.02 and a two-hundred day moving average price of $315.89. ANSYS, Inc. has a 12-month low of $194.23 and a 12-month high of $351.23.

ANSYS (NASDAQ:ANSS) last posted its earnings results on Thursday, August 3rd. The software maker reported $1.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.11. The firm had revenue of $496.60 million during the quarter, compared to analysts’ expectations of $490.05 million. ANSYS had a net margin of 24.12% and a return on equity of 11.83%. The company’s revenue was up 4.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.39 earnings per share. As a group, equities analysts predict that ANSYS, Inc. will post 6.61 earnings per share for the current fiscal year.

About ANSYS

ANSYS, Inc develops and markets engineering simulation software and services worldwide. It offers ANSYS Workbench, a framework upon which its multiphysics engineering simulation technologies are built and enables engineers to simulate the interactions between structures, heat transfer, fluids, electronics, and optical elements in a unified engineering simulation environment; high-performance computing product suite and the cloud; power analysis and optimization software suite that manages the power budget, power delivery integrity, and power-induced noise in an electronic design; and structural analysis product suite that provides simulation tools for product design and optimization.