King Luther Capital Management Corp Lowers Position in ANSYS, Inc. (NASDAQ:ANSS)

King Luther Capital Management Corp decreased its stake in ANSYS, Inc. (NASDAQ:ANSS) by 3.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 59,723 shares of the software maker’s stock after selling 2,222 shares during the quarter. King Luther Capital Management Corp owned approximately 0.07% of ANSYS worth $20,146,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in ANSS. Ameliora Wealth Management Ltd. purchased a new stake in ANSYS in the 4th quarter worth approximately $27,000. Assetmark Inc. increased its stake in shares of ANSYS by 468.2% in the fourth quarter. Assetmark Inc. now owns 125 shares of the software maker’s stock worth $42,000 after purchasing an additional 103 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of ANSYS during the 4th quarter valued at $47,000. Allworth Financial LP lifted its stake in shares of ANSYS by 33.7% during 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 in the last quarter. Finally, Brooklyn Investment Group bought a new position in ANSYS in the 3rd quarter worth $119,000. Institutional investors own 92.39% of the company’s stock.

Wall Street Analyst Weigh In

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

ANSYS Stock Performance

ANSS opened at $320.36 on Wednesday. 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 $28.08 billion, a price-to-earnings ratio of 48.91, a PEG ratio of 3.48 and a beta of 1.11. The company has a fifty day moving average of $339.76 and a 200 day moving average of $333.70. ANSYS, Inc. has a fifty-two week low of $289.82 and a fifty-two week high of $363.03.

ANSYS (NASDAQ:ANSS) last issued its quarterly earnings data 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). The firm had revenue of $882.17 million for the quarter, compared to analysts’ expectations 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 forecast that ANSYS, Inc. will post 8.32 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Glenda Dorchak sold 200 shares of the stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $336.62, for a total transaction of $67,324.00. Following the completion of the transaction, the director now directly owns 3,430 shares in the company, valued at approximately $1,154,606.60. This represents a 5.51 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.46% of the company’s stock.

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.