ANSYS, Inc. (NASDAQ:ANSS) Stock Position Reduced by Intermede Investment Partners Ltd

Intermede Investment Partners Ltd trimmed its position in ANSYS, Inc. (NASDAQ:ANSS) by 21.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 207,034 shares of the software maker’s stock after selling 57,349 shares during the period. ANSYS makes up approximately 1.9% of Intermede Investment Partners Ltd’s investment portfolio, making the stock its 27th largest position. Intermede Investment Partners Ltd’s holdings in ANSYS were worth $69,839,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in ANSS. Ameliora Wealth Management Ltd. acquired a new position in ANSYS in the fourth quarter worth $27,000. Assetmark Inc. lifted its position in shares of ANSYS by 468.2% in the 4th quarter. Assetmark Inc. now owns 125 shares of the software maker’s stock worth $42,000 after buying an additional 103 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in shares of ANSYS in the 4th quarter worth about $47,000. Allworth Financial LP boosted its holdings in shares of ANSYS by 33.7% in the 4th quarter. Allworth Financial LP now owns 258 shares of the software maker’s stock valued at $92,000 after buying an additional 65 shares during the period. Finally, Brooklyn Investment Group bought a new stake in shares of ANSYS during the 3rd quarter valued at about $119,000. 92.39% of the stock is currently owned by institutional investors.

ANSYS Stock Down 0.9 %

ANSS stock opened at $317.49 on Thursday. The stock has a market cap of $27.83 billion, a PE ratio of 48.47, a price-to-earnings-growth ratio of 3.48 and a beta of 1.11. The firm’s 50-day simple moving average is $339.36 and its 200 day simple moving average is $333.58. ANSYS, Inc. has a fifty-two week low of $289.82 and a fifty-two week high of $363.03. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.12.

ANSYS (NASDAQ:ANSS) last announced 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 during 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%. As a group, sell-side analysts predict that ANSYS, Inc. will post 8.32 EPS for the current year.

Analysts Set New Price Targets

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

Insider Buying and Selling at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the firm’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $336.62, for a total transaction of $67,324.00. Following the transaction, the director now 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.46% of the stock is owned by company insiders.

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.