ANSYS, Inc. (NASDAQ:ANSS) Shares Sold by Mendel Money Management

Mendel Money Management lessened its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS) by 2.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 14,396 shares of the software maker’s stock after selling 361 shares during the period. ANSYS accounts for approximately 2.2% of Mendel Money Management’s investment portfolio, making the stock its 12th biggest holding. Mendel Money Management’s holdings in ANSYS were worth $4,856,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Stock Yards Bank & Trust Co. raised its position in ANSYS by 1.3% in the 4th quarter. Stock Yards Bank & Trust Co. now owns 2,275 shares of the software maker’s stock valued at $767,000 after purchasing an additional 30 shares during the last quarter. Greenleaf Trust raised its stake in ANSYS by 0.9% in the 4th quarter. Greenleaf Trust now owns 3,651 shares of the software maker’s stock valued at $1,232,000 after purchasing an additional 32 shares during the last quarter. Koshinski Asset Management Inc. boosted its holdings in shares of ANSYS by 0.8% during the fourth quarter. Koshinski Asset Management Inc. now owns 4,367 shares of the software maker’s stock worth $1,473,000 after purchasing an additional 34 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its stake in ANSYS by 2.8% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,298 shares of the software maker’s stock worth $438,000 after purchasing an additional 35 shares during the period. Finally, BTC Capital Management Inc. increased its stake in ANSYS by 2.5% during the fourth quarter. BTC Capital Management Inc. now owns 1,499 shares of the software maker’s stock worth $506,000 after acquiring an additional 36 shares during the last quarter. Hedge funds and other institutional investors own 92.39% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Rosenblatt Securities raised their target price on ANSYS from $335.00 to $340.00 and gave the company a “neutral” rating in a report on Friday, February 21st. StockNews.com lowered ANSYS from a “buy” rating to a “hold” rating in a research report on Friday, March 21st.

Insider Transactions at ANSYS

In related news, Director Glenda Dorchak sold 200 shares of the company’s stock in a transaction on Monday, January 13th. The shares were 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 represents a 5.51 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.46% of the stock is currently owned by insiders.

ANSYS Price Performance

Shares of ANSYS stock opened at $326.67 on Wednesday. ANSYS, Inc. has a 52 week low of $289.82 and a 52 week 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. The company’s 50-day moving average price is $336.62 and its two-hundred day moving average price is $334.27. The stock has a market cap of $28.63 billion, a PE ratio of 49.87, a price-to-earnings-growth ratio of 3.48 and a beta of 1.11.

ANSYS (NASDAQ:ANSS) last issued its earnings results on Wednesday, February 19th. The software maker reported $3.65 earnings per share for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $864.46 million. As a group, sell-side analysts anticipate that ANSYS, Inc. will post 8.32 EPS for the current fiscal year.

ANSYS Company 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.