First Affirmative Financial Network Reduces Position in ANSYS, Inc. (NASDAQ:ANSS)

First Affirmative Financial Network trimmed its stake in ANSYS, Inc. (NASDAQ:ANSS) by 21.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 679 shares of the software maker’s stock after selling 183 shares during the period. First Affirmative Financial Network’s holdings in ANSYS were worth $236,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Wellington Management Group LLP lifted its stake in ANSYS by 167.4% in the third quarter. Wellington Management Group LLP now owns 1,286,790 shares of the software maker’s stock worth $382,884,000 after acquiring an additional 805,657 shares during the period. Norges Bank bought a new stake in ANSYS in the 4th quarter worth about $282,329,000. Alecta Tjanstepension Omsesidigt bought a new stake in shares of ANSYS during the 4th quarter valued at about $145,144,000. Comerica Bank grew its stake in shares of ANSYS by 1,922.9% during the 3rd quarter. Comerica Bank now owns 329,577 shares of the software maker’s stock valued at $98,066,000 after purchasing an additional 313,285 shares during the period. Finally, Point72 Asset Management L.P. lifted its position in shares of ANSYS by 210.1% during the 4th quarter. Point72 Asset Management L.P. now owns 325,000 shares of the software maker’s stock valued at $117,936,000 after buying an additional 220,200 shares in the last quarter. 92.39% of the stock is currently owned by institutional investors.

Insider Activity at ANSYS

In related news, Director Glenda Dorchak sold 150 shares of the firm’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $342.08, for a total transaction of $51,312.00. Following the sale, the director now owns 3,049 shares of the company’s stock, valued at $1,043,001.92. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.46% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ANSS. StockNews.com began coverage on ANSYS in a report on Tuesday, June 18th. They issued a “hold” rating on the stock. Rosenblatt Securities restated a “neutral” rating and set a $345.00 price target on shares of ANSYS in a report on Friday, May 3rd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $320.00.

ANSYS Stock Performance

Shares of ANSYS stock opened at $325.35 on Friday. The firm has a market cap of $28.40 billion, a P/E ratio of 65.33, a P/E/G ratio of 7.14 and a beta of 1.14. The company has a current ratio of 2.80, a quick ratio of 2.80 and a debt-to-equity ratio of 0.14. ANSYS, Inc. has a 12 month low of $258.01 and a 12 month high of $364.31. The stock’s fifty day moving average price is $325.27 and its 200-day moving average price is $331.53.

ANSYS (NASDAQ:ANSS) last announced its quarterly earnings results on Wednesday, May 1st. The software maker reported $1.39 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $549.85 million. During the same quarter in the prior year, the business posted $1.45 EPS. The business’s quarterly revenue was down 8.4% on a year-over-year basis. On average, equities research analysts expect that ANSYS, Inc. will post 7.16 earnings per share for the current fiscal year.

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.