Korea Investment CORP Reduces Stock Holdings in ANSYS, Inc. (NASDAQ:ANSS)

Korea Investment CORP lessened its holdings in ANSYS, Inc. (NASDAQ:ANSS) by 8.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 95,772 shares of the software maker’s stock after selling 8,588 shares during the period. Korea Investment CORP’s holdings in ANSYS were worth $32,307,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Dynamic Technology Lab Private Ltd purchased a new stake in ANSYS in the 3rd quarter worth approximately $534,000. Townsquare Capital LLC lifted its stake in shares of ANSYS by 7.4% during the 3rd quarter. Townsquare Capital LLC now owns 4,595 shares of the software maker’s stock valued at $1,464,000 after buying an additional 318 shares in the last quarter. Glenmede Trust Co. NA boosted its holdings in ANSYS by 2.1% in the 3rd quarter. Glenmede Trust Co. NA now owns 2,973 shares of the software maker’s stock worth $947,000 after buying an additional 61 shares during the period. FORA Capital LLC purchased a new stake in ANSYS in the 3rd quarter worth $208,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in ANSYS by 24.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 42,704 shares of the software maker’s stock valued at $13,607,000 after acquiring an additional 8,521 shares during the period. Hedge funds and other institutional investors own 92.39% of the company’s stock.

ANSYS Trading Down 1.6 %

Shares of ANSYS stock opened at $316.89 on Friday. ANSYS, Inc. has a twelve month low of $289.82 and a twelve month high of $363.03. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.12. The business has a 50-day moving average price of $335.12 and a 200-day moving average price of $334.16. The firm has a market cap of $27.78 billion, a price-to-earnings ratio of 48.38, a PEG ratio of 3.48 and a beta of 1.11.

ANSYS (NASDAQ:ANSS) last released its quarterly earnings results on Wednesday, February 19th. The software maker reported $3.65 earnings per share for the quarter, missing the consensus estimate 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%. Equities research analysts anticipate that ANSYS, Inc. will post 8.32 EPS for the current fiscal year.

Insider Buying and Selling

In other ANSYS news, Director Glenda Dorchak sold 200 shares of ANSYS stock in a transaction on Monday, January 13th. The shares were sold at an average price of $336.62, for a total value of $67,324.00. Following the completion of the transaction, the director now directly owns 3,430 shares of the company’s stock, valued at $1,154,606.60. This trade represents a 5.51 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.46% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

ANSS has been the subject of several research analyst reports. StockNews.com cut ANSYS from a “buy” rating to a “hold” rating in a research report on Friday, March 21st. Rosenblatt Securities increased their price objective on shares of ANSYS from $335.00 to $340.00 and gave the company a “neutral” rating in a report on Friday, February 21st.

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.