Canada Pension Plan Investment Board Reduces Stake in ANSYS, Inc. (NASDAQ:ANSS)

Canada Pension Plan Investment Board decreased its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS) by 15.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 83,527 shares of the software maker’s stock after selling 15,736 shares during the quarter. Canada Pension Plan Investment Board owned approximately 0.10% of ANSYS worth $26,854,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ANSS. Swedbank AB acquired a new stake in shares of ANSYS in the 1st quarter valued at about $128,089,000. M&G Plc acquired a new stake in shares of ANSYS in the first quarter valued at approximately $115,922,000. Point72 Asset Management L.P. grew its position in shares of ANSYS by 210.1% during the fourth quarter. Point72 Asset Management L.P. now owns 325,000 shares of the software maker’s stock worth $117,936,000 after acquiring an additional 220,200 shares during the last quarter. Magnetar Financial LLC acquired a new position in shares of ANSYS in the 1st quarter valued at $72,797,000. Finally, TOMS Capital Investment Management LP purchased a new stake in ANSYS in the 4th quarter valued at $53,647,000. 92.39% of the stock is owned by institutional investors and hedge funds.

ANSYS Stock Down 0.6 %

ANSYS stock opened at $320.25 on Monday. The stock’s 50 day moving average price is $315.72 and its 200 day moving average price is $325.02. ANSYS, Inc. has a 1-year low of $258.01 and a 1-year high of $364.31. The company has a market cap of $27.96 billion, a PE ratio of 64.31, a price-to-earnings-growth ratio of 6.80 and a beta of 1.12. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.95 and a quick ratio of 2.95.

ANSYS (NASDAQ:ANSS) last announced its quarterly earnings data on Wednesday, July 31st. The software maker reported $2.50 EPS for the quarter, beating the consensus estimate of $1.92 by $0.58. ANSYS had a net margin of 21.30% and a return on equity of 11.51%. The firm had revenue of $594.14 million during the quarter, compared to analysts’ expectations of $550.30 million. During the same quarter last year, the business earned $1.06 earnings per share. The business’s revenue for the quarter was up 19.6% compared to the same quarter last year. On average, sell-side analysts predict that ANSYS, Inc. will post 7.32 EPS for the current fiscal year.

Insider Buying and Selling at ANSYS

In related news, Director Glenda Dorchak sold 159 shares of the stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $330.81, for a total value of $52,598.79. Following the sale, the director now directly owns 3,782 shares of the company’s stock, valued at approximately $1,251,123.42. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.46% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

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

ANSYS Company 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.