ANSYS, Inc. (NASDAQ:ANSS) Stock Position Decreased by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. lessened its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS) by 14.4% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 75,007 shares of the software maker’s stock after selling 12,601 shares during the period. Royal London Asset Management Ltd. owned 0.09% of ANSYS worth $24,115,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Vanguard Group Inc. grew its position in shares of ANSYS by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 10,234,642 shares of the software maker’s stock valued at $3,553,058,000 after buying an additional 73,585 shares during the last quarter. Franklin Resources Inc. grew its position in ANSYS by 1.9% in the 4th quarter. Franklin Resources Inc. now owns 1,508,715 shares of the software maker’s stock worth $547,483,000 after purchasing an additional 27,893 shares during the last quarter. Norges Bank bought a new position in ANSYS in the 4th quarter worth about $282,329,000. Earnest Partners LLC grew its position in ANSYS by 13.7% in the 1st quarter. Earnest Partners LLC now owns 592,017 shares of the software maker’s stock worth $205,525,000 after purchasing an additional 71,394 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale grew its position in ANSYS by 20.3% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 499,777 shares of the software maker’s stock worth $173,079,000 after purchasing an additional 84,353 shares during the last quarter. Institutional investors own 92.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on ANSS. KeyCorp initiated coverage on shares of ANSYS in a research report on Thursday, June 27th. They issued a “sector weight” rating for the company. StockNews.com initiated coverage on shares of ANSYS in a research note on Friday, September 6th. They issued a “hold” rating for the company. Finally, Rosenblatt Securities reduced their price target on shares of ANSYS from $345.00 to $335.00 and set a “neutral” rating for the company in a research note on Tuesday, August 6th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $318.33.

ANSYS Stock Up 2.8 %

ANSS stock opened at $317.46 on Thursday. ANSYS, Inc. has a 52-week low of $258.01 and a 52-week high of $364.31. The company’s 50 day simple moving average is $317.16 and its 200-day simple moving average is $325.93. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.95 and a quick ratio of 2.95. The firm has a market capitalization of $27.71 billion, a P/E ratio of 63.75, a P/E/G ratio of 6.54 and a beta of 1.12.

ANSYS (NASDAQ:ANSS) last released its quarterly earnings data on Wednesday, July 31st. The software maker reported $2.50 earnings per share for the quarter, beating the consensus estimate of $1.92 by $0.58. The firm had revenue of $594.14 million for the quarter, compared to analyst estimates of $550.30 million. ANSYS had a net margin of 21.30% and a return on equity of 11.51%. The company’s revenue for the quarter was up 19.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.06 EPS. As a group, equities research analysts anticipate that ANSYS, Inc. will post 7.32 EPS for the current year.

Insider Buying and Selling at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 159 shares of the company’s stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $330.81, for a total value of $52,598.79. Following the transaction, the director now owns 3,782 shares in the company, valued at approximately $1,251,123.42. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company 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.