Ossiam Has $2.02 Million Stock Holdings in ANSYS, Inc. (NASDAQ:ANSS)

by · The Cerbat Gem

Ossiam decreased its stake in shares of ANSYS, Inc. (NASDAQ:ANSS – Free Report) by 22.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 5,978 shares of the software maker’s stock after selling 1,774 shares during the period. Ossiam’s holdings in ANSYS were worth $2,017,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in ANSS. M&T Bank Corp raised its position in shares of ANSYS by 1.0% during the third quarter. M&T Bank Corp now owns 30,118 shares of the software maker’s stock worth $9,597,000 after acquiring an additional 312 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in ANSYS in the third quarter worth about $174,000. Destination Wealth Management raised its holdings in ANSYS by 1.7% during the 3rd quarter. Destination Wealth Management now owns 69,296 shares of the software maker’s stock worth $22,080,000 after purchasing an additional 1,147 shares during the last quarter. Tidal Investments LLC lifted its position in ANSYS by 5.0% during the 3rd quarter. Tidal Investments LLC now owns 10,841 shares of the software maker’s stock valued at $3,454,000 after purchasing an additional 520 shares during the period. Finally, Oddo BHF Asset Management Sas bought a new position in shares of ANSYS in the 3rd quarter valued at about $7,966,000. Institutional investors own 92.39% of the company’s stock.

ANSYS Stock Performance

Shares of NASDAQ:ANSS opened at $302.74 on Monday. The firm’s 50 day simple moving average is $319.11 and its 200 day simple moving average is $332.32. ANSYS, Inc. has a fifty-two week low of $275.06 and a fifty-two week high of $363.03. The company has a market capitalization of $26.54 billion, a price-to-earnings ratio of 46.22, a P/E/G ratio of 3.48 and a beta of 1.20. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.01 and a quick ratio of 3.01.

ANSYS (NASDAQ:ANSS – Get Free Report) last posted its earnings results on Wednesday, February 19th. The software maker reported $3.65 earnings per share 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 firm had revenue of $882.17 million during the quarter, compared to analyst estimates of $864.46 million. As a group, sell-side analysts forecast that ANSYS, Inc. will post 8.32 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Rosenblatt Securities boosted their price target on shares of ANSYS from $335.00 to $340.00 and gave the stock a “neutral” rating in a research note on Friday, February 21st. StockNews.com raised ANSYS from a “hold” rating to a “buy” rating in a research note on Friday.

Read Our Latest Stock Analysis on ANSS

Insiders Place Their Bets

In other news, Director Glenda Dorchak sold 200 shares of the firm’s stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $300.01, for a total transaction of $60,002.00. Following the sale, the director now owns 3,230 shares of the company’s stock, valued at $969,032.30. This trade represents a 5.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.46% of the company’s stock.

ANSYS Company Profile

(Free Report)

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.

See Also

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