The Manufacturers Life Insurance Company Sells 160 Shares of ANSYS, Inc. (NASDAQ:ANSS)

The Manufacturers Life Insurance Company decreased its holdings in ANSYS, Inc. (NASDAQ:ANSS) by 0.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 49,575 shares of the software maker’s stock after selling 160 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in ANSYS were worth $16,723,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of ANSS. FNY Investment Advisers LLC raised its holdings in shares of ANSYS by 78.7% in the fourth quarter. FNY Investment Advisers LLC now owns 6,037 shares of the software maker’s stock valued at $2,036,000 after buying an additional 2,659 shares during the last quarter. Oak Thistle LLC bought a new stake in shares of ANSYS during the fourth quarter valued at approximately $255,000. Ulland Investment Advisors LLC increased its holdings in shares of ANSYS by 107.6% in the fourth quarter. Ulland Investment Advisors LLC now owns 2,635 shares of the software maker’s stock valued at $889,000 after purchasing an additional 1,366 shares in the last quarter. CCLA Investment Management raised its position in ANSYS by 11.9% in the 4th quarter. CCLA Investment Management now owns 445,891 shares of the software maker’s stock worth $150,381,000 after purchasing an additional 47,331 shares during the last quarter. Finally, Alpine Associates Management Inc. lifted its holdings in ANSYS by 8.2% during the 4th quarter. Alpine Associates Management Inc. now owns 443,583 shares of the software maker’s stock worth $149,634,000 after buying an additional 33,600 shares in the last quarter. Institutional investors and hedge funds own 92.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. StockNews.com downgraded ANSYS from a “buy” rating to a “hold” rating in a research report on Monday, April 28th. Rosenblatt Securities boosted their price objective on ANSYS from $335.00 to $340.00 and gave the stock a “neutral” rating in a report on Friday, February 21st.

Insider Activity at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the stock in a transaction on Monday, April 14th. The shares were sold at an average price of $300.01, for a total value of $60,002.00. Following the sale, the director now directly owns 3,230 shares in the company, valued at approximately $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 accessible through the SEC website. 0.46% of the stock is currently owned by corporate insiders.

ANSYS Stock Performance

Shares of ANSYS stock opened at $328.76 on Friday. The firm has a fifty day moving average of $314.90 and a two-hundred day moving average of $331.63. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.01 and a current ratio of 3.01. The stock has a market capitalization of $28.82 billion, a price-to-earnings ratio of 50.19, a PEG ratio of 3.48 and a beta of 1.20. ANSYS, Inc. has a 52 week low of $275.06 and a 52 week high of $363.03.

ANSYS (NASDAQ:ANSS) last released its quarterly earnings data on Wednesday, April 30th. The software maker reported $1.64 EPS for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.11). ANSYS had a net margin of 22.62% and a return on equity of 12.69%. The company had revenue of $504.89 million during the quarter, compared to the consensus estimate of $516.81 million. During the same quarter in the prior year, the company posted $1.39 EPS. The company’s revenue for the quarter was up 8.2% compared to the same quarter last year. As a group, equities research analysts predict that ANSYS, Inc. will post 8.32 EPS for the current year.

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.