Pacer Advisors Inc. Trims Position in ANSYS, Inc. (NASDAQ:ANSS)

Pacer Advisors Inc. reduced its stake in ANSYS, Inc. (NASDAQ:ANSS) by 54.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 14,377 shares of the software maker’s stock after selling 17,155 shares during the period. Pacer Advisors Inc.’s holdings in ANSYS were worth $5,217,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. BlackRock Inc. raised its holdings in ANSYS by 10.4% in the 2nd quarter. BlackRock Inc. now owns 10,182,022 shares of the software maker’s stock valued at $3,362,816,000 after buying an additional 955,288 shares during the period. Vanguard Group Inc. increased its stake in ANSYS by 0.3% during the third quarter. Vanguard Group Inc. now owns 10,028,851 shares of the software maker’s stock worth $2,984,085,000 after purchasing an additional 25,426 shares during the period. State Street Corp increased its stake in ANSYS by 2.2% during the second quarter. State Street Corp now owns 3,548,073 shares of the software maker’s stock worth $1,171,822,000 after purchasing an additional 76,787 shares during the period. Bamco Inc. NY increased its stake in ANSYS by 0.6% during the third quarter. Bamco Inc. NY now owns 2,002,717 shares of the software maker’s stock worth $595,908,000 after purchasing an additional 11,774 shares during the period. Finally, Geode Capital Management LLC increased its stake in ANSYS by 2.1% during the first quarter. Geode Capital Management LLC now owns 1,868,168 shares of the software maker’s stock worth $620,366,000 after purchasing an additional 38,946 shares during the period. 92.39% of the stock is currently owned by hedge funds and other institutional investors.

ANSYS Stock Performance

Shares of ANSS opened at $347.16 on Friday. The stock has a 50 day moving average price of $336.54 and a 200 day moving average price of $316.40. The company has a quick ratio of 2.30, a current ratio of 2.30 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $30.21 billion, a price-to-earnings ratio of 60.59, a price-to-earnings-growth ratio of 5.42 and a beta of 1.16. ANSYS, Inc. has a 52-week low of $258.01 and a 52-week high of $364.31.

ANSYS (NASDAQ:ANSS) last announced its quarterly earnings results on Wednesday, February 21st. The software maker reported $3.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.71 by $0.23. The firm 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 quarterly revenue was up 15.9% compared to the same quarter last year. During the same period in the prior year, the company posted $2.61 earnings per share. Research analysts predict that ANSYS, Inc. will post 7.48 EPS for the current fiscal year.

Insider Activity at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the business’s stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of $345.68, for a total value of $69,136.00. Following the completion of the sale, the director now owns 3,199 shares in the company, valued at $1,105,830.32. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.53% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

ANSS has been the topic of a number of recent research reports. Rosenblatt Securities reiterated a “neutral” rating and set a $345.00 price target on shares of ANSYS in a research note on Tuesday, March 5th. Mizuho cut their price target on shares of ANSYS from $350.00 to $330.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 17th. Wolfe Research reiterated a “peer perform” rating on shares of ANSYS in a research note on Wednesday, January 17th. StockNews.com assumed coverage on ANSYS in a research report on Friday, March 22nd. They set a “hold” rating for the company. Finally, Barclays boosted their price objective on ANSYS from $314.00 to $340.00 and gave the stock an “underweight” rating in a research report on Thursday, February 22nd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, ANSYS presently has an average rating of “Hold” and an average target price of $322.75.

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.