Bank of New York Mellon Corp Reduces Position in ANSYS, Inc. (NASDAQ:ANSS)

Bank of New York Mellon Corp reduced its position in shares of ANSYS, Inc. (NASDAQ:ANSS) by 5.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 734,582 shares of the software maker’s stock after selling 45,281 shares during the period. Bank of New York Mellon Corp owned about 0.84% of ANSYS worth $247,796,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Nomura Asset Management Co. Ltd. lifted its holdings in ANSYS by 7.2% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 28,351 shares of the software maker’s stock worth $9,033,000 after buying an additional 1,914 shares during the last quarter. Caldwell Investment Management Ltd. acquired a new stake in shares of ANSYS during the 3rd quarter worth about $1,560,000. Sumitomo Mitsui Trust Group Inc. lifted its stake in ANSYS by 3.3% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 518,779 shares of the software maker’s stock worth $165,299,000 after purchasing an additional 16,462 shares during the last quarter. KBC Group NV boosted its holdings in ANSYS by 20.9% in the third quarter. KBC Group NV now owns 110,928 shares of the software maker’s stock valued at $35,345,000 after purchasing an additional 19,149 shares in the last quarter. Finally, CIBC Asset Management Inc increased its stake in ANSYS by 5.9% in the third quarter. CIBC Asset Management Inc now owns 27,116 shares of the software maker’s stock valued at $8,640,000 after purchasing an additional 1,518 shares during the last quarter. 92.39% of the stock is owned by hedge funds and other institutional investors.

ANSYS Stock Performance

Shares of ANSS opened at $332.32 on Thursday. The company’s 50 day simple moving average is $342.23 and its 200-day simple moving average is $333.49. The firm has a market cap of $29.13 billion, a PE ratio of 50.74, a price-to-earnings-growth ratio of 3.48 and a beta of 1.12. ANSYS, Inc. has a 12-month low of $289.82 and a 12-month high of $363.03. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 0.12.

ANSYS (NASDAQ:ANSS) last issued its quarterly earnings data on Wednesday, February 19th. The software maker reported $3.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.97 by ($0.32). ANSYS had a return on equity of 12.69% and a net margin of 22.62%. The business had revenue of $882.17 million for the quarter, compared to analysts’ expectations of $864.46 million. As a group, equities analysts predict that ANSYS, Inc. will post 8.32 EPS for the current year.

Insider Activity at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $336.62, for a total transaction of $67,324.00. Following the completion of the sale, the director now directly owns 3,430 shares of the company’s stock, valued at approximately $1,154,606.60. This trade represents a 5.51 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.46% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Robert W. Baird boosted their price objective on shares of ANSYS from $350.00 to $365.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Rosenblatt Securities boosted their price target on shares of ANSYS from $335.00 to $340.00 and gave the company a “neutral” rating in a research report on Friday, February 21st. Finally, StockNews.com raised ANSYS from a “hold” rating to a “buy” rating in a report on Friday, February 21st.

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.