Commerce Bank Reduces Stock Holdings in ANSYS, Inc. (NASDAQ:ANSS)

by · The Cerbat Gem

Commerce Bank cut its holdings in ANSYS, Inc. (NASDAQ:ANSS – Free Report) by 4.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 13,175 shares of the software maker’s stock after selling 654 shares during the quarter. Commerce Bank’s holdings in ANSYS were worth $4,444,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Canada Pension Plan Investment Board grew its holdings in shares of ANSYS by 303.1% during the fourth quarter. Canada Pension Plan Investment Board now owns 154,549 shares of the software maker’s stock valued at $52,134,000 after buying an additional 116,207 shares during the last quarter. Foster Dykema Cabot & Partners LLC lifted its position in ANSYS by 778.6% during the 4th quarter. Foster Dykema Cabot & Partners LLC now owns 615 shares of the software maker’s stock worth $207,000 after acquiring an additional 545 shares during the period. Charter Oak Advisors LP purchased a new stake in ANSYS during the 4th quarter valued at about $5,201,000. Wasatch Advisors LP increased its holdings in shares of ANSYS by 10.6% in the fourth quarter. Wasatch Advisors LP now owns 2,891 shares of the software maker’s stock valued at $975,000 after purchasing an additional 277 shares during the period. Finally, GABELLI & Co INVESTMENT ADVISERS INC. raised its stake in shares of ANSYS by 25.5% in the fourth quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 24,315 shares of the software maker’s stock worth $8,202,000 after purchasing an additional 4,948 shares during the last quarter. Institutional investors and hedge funds own 92.39% of the company’s stock.

Insider Buying and Selling

In other news, Director Glenda Dorchak sold 200 shares of the business’s stock in a transaction that occurred on Monday, April 14th. The stock was sold at an average price of $300.01, for a total value of $60,002.00. Following the completion of the sale, the director now directly owns 3,230 shares in the company, valued at $969,032.30. The trade was a 5.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.46% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages recently commented on ANSS. Rosenblatt Securities upped their target price on ANSYS from $335.00 to $340.00 and gave the company a “neutral” rating in a research report on Friday, February 21st. StockNews.com raised shares of ANSYS from a “hold” rating to a “buy” rating in a report on Friday.

View Our Latest Research Report on ANSS

ANSYS Price Performance

Shares of NASDAQ ANSS opened at $302.74 on Monday. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.01 and a quick ratio of 3.01. The stock has a market capitalization of $26.54 billion, a price-to-earnings ratio of 46.22, a PEG ratio of 3.48 and a beta of 1.20. 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 12 month low of $275.06 and a 12 month high of $363.03.

ANSYS (NASDAQ:ANSS – Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The software maker reported $3.65 EPS for the quarter, missing the consensus estimate of $3.97 by ($0.32). The firm had revenue of $882.17 million for the quarter, compared to analyst estimates of $864.46 million. ANSYS had a net margin of 22.62% and a return on equity of 12.69%. Analysts expect that ANSYS, Inc. will post 8.32 EPS for the current year.

ANSYS 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.

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