DekaBank Deutsche Girozentrale Decreases Holdings in ANSYS, Inc. (NASDAQ:ANSS)

DekaBank Deutsche Girozentrale reduced its position in ANSYS, Inc. (NASDAQ:ANSS) by 3.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 503,319 shares of the software maker’s stock after selling 19,294 shares during the quarter. DekaBank Deutsche Girozentrale owned about 0.58% of ANSYS worth $162,479,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in ANSS. DT Investment Partners LLC increased its position in ANSYS by 888.9% during the 2nd quarter. DT Investment Partners LLC now owns 89 shares of the software maker’s stock valued at $29,000 after buying an additional 80 shares in the last quarter. Redwood Wealth Management Group LLC purchased a new stake in shares of ANSYS during the second quarter worth about $32,000. Rothschild Investment LLC acquired a new position in shares of ANSYS during the second quarter valued at about $38,000. Bangor Savings Bank raised its position in shares of ANSYS by 32.7% in the 3rd quarter. Bangor Savings Bank now owns 138 shares of the software maker’s stock valued at $44,000 after purchasing an additional 34 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. boosted its stake in ANSYS by 2,800.0% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 174 shares of the software maker’s stock worth $60,000 after purchasing an additional 168 shares in the last quarter. 92.39% of the stock is owned by institutional investors and hedge funds.

ANSYS Trading Up 0.4 %

Shares of NASDAQ:ANSS opened at $322.81 on Friday. The firm has a market capitalization of $28.18 billion, a price-to-earnings ratio of 64.82, a price-to-earnings-growth ratio of 6.99 and a beta of 1.11. The business’s 50 day moving average price is $320.38 and its 200-day moving average price is $321.83. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.95 and a quick ratio of 2.95. ANSYS, Inc. has a 1 year low of $258.01 and a 1 year high of $364.31.

ANSYS (NASDAQ:ANSS) last released its earnings results on Wednesday, July 31st. The software maker reported $2.50 EPS for the quarter, topping analysts’ consensus estimates of $1.92 by $0.58. ANSYS had a net margin of 21.30% and a return on equity of 11.51%. The business had revenue of $594.14 million during the quarter, compared to analysts’ expectations of $550.30 million. During the same quarter in the previous year, the company earned $1.06 earnings per share. The company’s quarterly revenue was up 19.6% on a year-over-year basis. On average, equities research analysts forecast that ANSYS, Inc. will post 7.32 earnings per share for the current fiscal year.

Insider Buying and Selling at ANSYS

In other news, Director Glenda Dorchak sold 152 shares of the company’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of $313.61, for a total transaction of $47,668.72. Following the completion of the sale, the director now owns 3,630 shares of the company’s stock, valued at $1,138,404.30. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.46% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

ANSS has been the subject of a number of research reports. StockNews.com started coverage on ANSYS in a report on Sunday, September 22nd. They set a “hold” rating for the company. Rosenblatt Securities decreased their target price on shares of ANSYS from $345.00 to $335.00 and set a “neutral” rating for the company in a research note on Tuesday, August 6th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $318.33.

About ANSYS

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.