Robeco Institutional Asset Management B.V. Trims Stock Position in ANSYS, Inc. (NASDAQ:ANSS)

Robeco Institutional Asset Management B.V. reduced its stake in ANSYS, Inc. (NASDAQ:ANSS) by 11.5% during the 4th quarter, HoldingsChannel reports. The firm owned 29,306 shares of the software maker’s stock after selling 3,816 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in ANSYS were worth $106,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the stock. CVA Family Office LLC purchased a new position in ANSYS in the 4th quarter valued at $28,000. Raleigh Capital Management Inc. boosted its holdings in shares of ANSYS by 135.7% in the third quarter. Raleigh Capital Management Inc. now owns 99 shares of the software maker’s stock valued at $29,000 after acquiring an additional 57 shares in the last quarter. Turtle Creek Wealth Advisors LLC acquired a new position in shares of ANSYS during the fourth quarter worth about $47,000. KB Financial Partners LLC raised its holdings in ANSYS by 69.5% during the third quarter. KB Financial Partners LLC now owns 178 shares of the software maker’s stock worth $53,000 after purchasing an additional 73 shares in the last quarter. Finally, Montag A & Associates Inc. lifted its position in ANSYS by 681.8% in the fourth quarter. Montag A & Associates Inc. now owns 172 shares of the software maker’s stock valued at $62,000 after purchasing an additional 150 shares during the period. Institutional investors and hedge funds own 92.39% of the company’s stock.

Analyst Ratings Changes

ANSS has been the subject of a number of analyst reports. Barclays increased their target price on ANSYS from $314.00 to $340.00 and gave the stock an “underweight” rating in a research note on Thursday, February 22nd. StockNews.com began coverage on ANSYS in a research report on Saturday. They issued a “hold” rating for the company. Finally, Rosenblatt Securities restated a “neutral” rating and set a $345.00 target price on shares of ANSYS in a research report on Friday, May 3rd. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, ANSYS currently has a consensus rating of “Hold” and an average target price of $320.00.

ANSYS Stock Performance

NASDAQ ANSS opened at $331.11 on Friday. The business has a 50 day moving average price of $333.41 and a 200 day moving average price of $327.46. The company has a market capitalization of $28.91 billion, a P/E ratio of 66.49, a PEG ratio of 7.20 and a beta of 1.16. ANSYS, Inc. has a 1-year low of $258.01 and a 1-year high of $364.31. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.80 and a quick ratio of 2.80.

ANSYS (NASDAQ:ANSS) last announced its quarterly earnings results on Wednesday, May 1st. The software maker reported $1.39 earnings per share for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.54). ANSYS had a net margin of 19.51% and a return on equity of 10.45%. The firm had revenue of $466.60 million during the quarter, compared to analysts’ expectations of $549.85 million. During the same quarter in the prior year, the business earned $1.45 EPS. The company’s quarterly revenue was down 8.4% compared to the same quarter last year. Sell-side analysts expect that ANSYS, Inc. will post 7.16 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Glenda Dorchak sold 150 shares of the 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 $1,043,001.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.46% of the stock is currently owned by company insiders.

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.