ANSYS, Inc. (NASDAQ:ANSS) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. cut its holdings in ANSYS, Inc. (NASDAQ:ANSS) by 2.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 48,766 shares of the software maker’s stock after selling 1,036 shares during the period. PNC Financial Services Group Inc. owned about 0.06% of ANSYS worth $17,696,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ANSS. Ninety One North America Inc. grew its position in shares of ANSYS by 49.3% during the fourth quarter. Ninety One North America Inc. now owns 29,863 shares of the software maker’s stock worth $10,837,000 after acquiring an additional 9,863 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of ANSYS by 7.3% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,195,065 shares of the software maker’s stock valued at $355,592,000 after purchasing an additional 81,457 shares during the period. DekaBank Deutsche Girozentrale raised its holdings in shares of ANSYS by 8.2% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 415,424 shares of the software maker’s stock valued at $149,607,000 after buying an additional 31,579 shares during the last quarter. US Bancorp DE boosted its position in shares of ANSYS by 3.7% during the third quarter. US Bancorp DE now owns 33,520 shares of the software maker’s stock worth $9,974,000 after buying an additional 1,198 shares during the period. Finally, Pinnacle Wealth Planning Services Inc. bought a new position in ANSYS in the 4th quarter worth approximately $204,000. 92.39% of the stock is currently owned by institutional investors and hedge funds.

ANSYS Trading Down 0.5 %

NASDAQ:ANSS opened at $326.79 on Wednesday. The stock has a fifty day simple moving average of $333.45 and a 200 day simple moving average of $326.79. The company has a quick ratio of 2.80, a current ratio of 2.80 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $28.53 billion, a price-to-earnings ratio of 65.62, a price-to-earnings-growth ratio of 7.20 and a beta of 1.16. 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, May 1st. The software maker reported $1.39 earnings per share for the quarter, missing the consensus estimate of $1.93 by ($0.54). The firm had revenue of $466.60 million during the quarter, compared to analysts’ expectations of $549.85 million. ANSYS had a return on equity of 10.45% and a net margin of 19.51%. The business’s revenue was down 8.4% on a year-over-year basis. During the same period last year, the business earned $1.45 earnings per share. Sell-side analysts forecast that ANSYS, Inc. will post 7.16 earnings per share for the current year.

Insider Activity at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 150 shares of the business’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $342.08, for a total value of $51,312.00. Following the completion of the sale, the director now owns 3,049 shares of the company’s stock, valued at $1,043,001.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.46% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Rosenblatt Securities reaffirmed a “neutral” rating and set a $345.00 target price on shares of ANSYS in a research note on Friday, May 3rd. StockNews.com initiated coverage on shares of ANSYS in a report on Friday, May 17th. They issued a “hold” rating for the company. Finally, Barclays upped their price target on shares of ANSYS from $314.00 to $340.00 and gave the stock an “underweight” rating in a research note on Thursday, February 22nd. Two analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $320.00.

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.