MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $20.35 Million Stock Holdings in ANSYS, Inc. (NASDAQ:ANSS)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lowered its stake in ANSYS, Inc. (NASDAQ:ANSS) by 10.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 60,328 shares of the software maker’s stock after selling 7,170 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in ANSYS were worth $20,351,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Ameliora Wealth Management Ltd. bought a new stake in shares of ANSYS during the fourth quarter worth approximately $27,000. Quarry LP boosted its stake in ANSYS by 1,550.0% in the 4th quarter. Quarry LP now owns 99 shares of the software maker’s stock valued at $33,000 after purchasing an additional 93 shares during the period. Assetmark Inc. grew its holdings in ANSYS by 468.2% in the 4th quarter. Assetmark Inc. now owns 125 shares of the software maker’s stock valued at $42,000 after buying an additional 103 shares in the last quarter. Millstone Evans Group LLC bought a new position in ANSYS during the 4th quarter worth $42,000. Finally, Kapitalo Investimentos Ltda acquired a new stake in shares of ANSYS during the fourth quarter worth $43,000. Institutional investors and hedge funds own 92.39% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on ANSS shares. StockNews.com downgraded shares of ANSYS from a “buy” rating to a “hold” rating in a research note on Wednesday, May 7th. Rosenblatt Securities increased their price target on ANSYS from $335.00 to $340.00 and gave the stock a “neutral” rating in a research report on Friday, February 21st.

ANSYS Price Performance

ANSS stock opened at $347.87 on Thursday. The company’s 50-day moving average price is $316.09 and its two-hundred day moving average price is $332.16. The firm has a market cap of $30.58 billion, a P/E ratio of 53.11, a P/E/G ratio of 3.48 and a beta of 1.21. 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, Inc. has a 12 month low of $275.06 and a 12 month high of $363.03.

ANSYS (NASDAQ:ANSS) last announced its quarterly earnings data on Wednesday, April 30th. The software maker reported $1.64 earnings per share (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 firm had revenue of $504.89 million during the quarter, compared to the consensus estimate of $516.81 million. During the same period last year, the business earned $1.39 earnings per share. The business’s revenue was up 8.2% compared to the same quarter last year. On average, analysts anticipate that ANSYS, Inc. will post 8.32 earnings per share for the current fiscal year.

Insider Activity at ANSYS

In other news, Director Glenda Dorchak sold 200 shares of the firm’s stock in a transaction that occurred 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.61% of the stock is currently owned by 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.