Fisher Asset Management LLC Decreases Stake in ANSYS, Inc. (NASDAQ:ANSS)

Fisher Asset Management LLC trimmed its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS) by 3.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 19,385 shares of the software maker’s stock after selling 616 shares during the quarter. Fisher Asset Management LLC’s holdings in ANSYS were worth $7,034,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Ninety One North America Inc. raised its holdings in shares of ANSYS by 49.3% during the fourth quarter. Ninety One North America Inc. now owns 29,863 shares of the software maker’s stock worth $10,837,000 after purchasing an additional 9,863 shares during the period. Massachusetts Financial Services Co. MA raised its stake in ANSYS by 7.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,195,065 shares of the software maker’s stock worth $355,592,000 after acquiring an additional 81,457 shares during the period. DekaBank Deutsche Girozentrale lifted its holdings in ANSYS by 8.2% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 415,424 shares of the software maker’s stock worth $149,607,000 after acquiring an additional 31,579 shares during the last quarter. US Bancorp DE boosted its stake in ANSYS by 3.7% in the third quarter. US Bancorp DE now owns 33,520 shares of the software maker’s stock valued at $9,974,000 after acquiring an additional 1,198 shares during the period. Finally, Morgan Stanley grew its holdings in shares of ANSYS by 18.0% during the third quarter. Morgan Stanley now owns 1,010,937 shares of the software maker’s stock valued at $300,805,000 after purchasing an additional 154,325 shares during the last quarter. Institutional investors and hedge funds own 92.39% of the company’s stock.

ANSYS Stock Performance

ANSS opened at $321.59 on Tuesday. The business has a 50 day moving average price of $335.28 and a two-hundred day moving average price of $322.81. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.80 and a quick ratio of 2.80. The company has a market capitalization of $28.07 billion, a price-to-earnings ratio of 64.58, a price-to-earnings-growth ratio of 5.01 and a beta of 1.16. ANSYS, Inc. has a 1-year low of $258.01 and a 1-year high of $364.31.

ANSYS (NASDAQ:ANSS) last announced its quarterly earnings data on Wednesday, May 1st. The software maker reported $1.39 earnings per share for the quarter, missing the consensus estimate of $1.93 by ($0.54). The firm had revenue of $466.60 million during the quarter, compared to analyst estimates of $549.85 million. ANSYS had a net margin of 19.51% and a return on equity of 10.45%. The company’s quarterly revenue was down 8.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.45 EPS. Research analysts predict that ANSYS, Inc. will post 7.39 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Mizuho cut their price target on ANSYS from $350.00 to $330.00 and set a “neutral” rating on the stock in a report on Wednesday, January 17th. Barclays raised their target price on ANSYS from $314.00 to $340.00 and gave the company an “underweight” rating in a research note on Thursday, February 22nd. StockNews.com started coverage on shares of ANSYS in a report on Wednesday, May 1st. They set a “hold” rating for the company. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $345.00 price objective on shares of ANSYS in a report on Friday. Finally, Wolfe Research reissued a “peer perform” rating on shares of ANSYS in a research note on Wednesday, January 17th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, ANSYS currently has an average rating of “Hold” and a consensus target price of $320.00.

Insider Activity

In related news, Director Glenda Dorchak sold 150 shares of the business’s stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $342.08, for a total value of $51,312.00. Following the sale, the director now directly owns 3,049 shares in the company, valued at approximately $1,043,001.92. The transaction 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.