Congress Asset Management Co. MA Sells 42 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Congress Asset Management Co. MA reduced its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) by 0.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,817 shares of the software maker’s stock after selling 42 shares during the quarter. Congress Asset Management Co. MA’s holdings in ANSYS were worth $1,748,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Treasurer of the State of North Carolina increased its stake in ANSYS by 11.1% during the fourth quarter. Treasurer of the State of North Carolina now owns 50,703 shares of the software maker’s stock worth $18,399,000 after acquiring an additional 5,055 shares during the last quarter. Evoke Wealth LLC bought a new position in shares of ANSYS during the fourth quarter valued at approximately $3,032,000. Ninety One North America Inc. grew its stake 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 valued at $10,837,000 after buying an additional 9,863 shares during the last quarter. Sei Investments Co. grew its stake in shares of ANSYS by 18.6% during the fourth quarter. Sei Investments Co. now owns 423,106 shares of the software maker’s stock valued at $153,537,000 after buying an additional 66,338 shares during the last quarter. Finally, Thematics Asset Management grew its stake in shares of ANSYS by 25.0% during the fourth quarter. Thematics Asset Management now owns 90,898 shares of the software maker’s stock valued at $32,985,000 after buying an additional 18,173 shares during the last quarter. 92.39% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on ANSS shares. Rosenblatt Securities reaffirmed a “neutral” rating and set a $345.00 target price on shares of ANSYS in a research note on Friday, May 3rd. StockNews.com started coverage on ANSYS in a research note on Tuesday. They set a “hold” rating on the stock. Finally, Barclays upped 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. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $320.00.

ANSYS Stock Up 1.3 %

Shares of NASDAQ:ANSS opened at $327.23 on Tuesday. ANSYS, Inc. has a 52-week low of $258.01 and a 52-week high of $364.31. The stock has a market cap of $28.57 billion, a P/E ratio of 65.71, a price-to-earnings-growth ratio of 7.09 and a beta of 1.14. The business’s 50 day moving average is $326.41 and its 200 day moving average is $330.77. The company has a quick ratio of 2.80, a current ratio of 2.80 and a debt-to-equity ratio of 0.14.

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

Insiders Place Their Bets

In other news, Director Glenda Dorchak sold 150 shares of ANSYS 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 transaction, the director now owns 3,049 shares of the company’s stock, valued at approximately $1,043,001.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.46% of the stock is currently owned by corporate insiders.

ANSYS 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.