Royal London Asset Management Ltd. Has $16.31 Million Position in ANSYS, Inc. (NASDAQ:ANSS)

Royal London Asset Management Ltd. lowered its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) by 37.1% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 48,363 shares of the software maker’s stock after selling 28,509 shares during the period. Royal London Asset Management Ltd. owned approximately 0.06% of ANSYS worth $16,314,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in ANSS. Stock Yards Bank & Trust Co. raised its position in ANSYS by 1.3% in the fourth quarter. Stock Yards Bank & Trust Co. now owns 2,275 shares of the software maker’s stock worth $767,000 after purchasing an additional 30 shares in the last quarter. Greenleaf Trust raised its position in ANSYS by 0.9% in the fourth quarter. Greenleaf Trust now owns 3,651 shares of the software maker’s stock worth $1,232,000 after purchasing an additional 32 shares in the last quarter. Koshinski Asset Management Inc. raised its position in ANSYS by 0.8% in the fourth quarter. Koshinski Asset Management Inc. now owns 4,367 shares of the software maker’s stock worth $1,473,000 after purchasing an additional 34 shares in the last quarter. BTC Capital Management Inc. raised its position in ANSYS by 2.5% in the fourth quarter. BTC Capital Management Inc. now owns 1,499 shares of the software maker’s stock worth $506,000 after purchasing an additional 36 shares in the last quarter. Finally, Summerhill Capital Management lnc. raised its position in ANSYS by 0.6% in the fourth quarter. Summerhill Capital Management lnc. now owns 6,139 shares of the software maker’s stock worth $2,071,000 after purchasing an additional 36 shares in the last quarter. Institutional investors and hedge funds own 92.39% of the company’s stock.

Insider Activity

In other news, Director Glenda Dorchak sold 200 shares of the stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $336.62, for a total transaction of $67,324.00. Following the sale, the director now directly owns 3,430 shares of the company’s stock, valued at $1,154,606.60. This represents a 5.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.46% of the stock is owned by insiders.

ANSYS Stock Performance

NASDAQ ANSS opened at $324.20 on Friday. The firm has a market cap of $28.42 billion, a price-to-earnings ratio of 49.50, a PEG ratio of 3.48 and a beta of 1.11. The company has a 50 day moving average of $337.11 and a 200-day moving average of $333.83. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 0.12. ANSYS, Inc. has a 1-year low of $289.82 and a 1-year high of $363.03.

ANSYS (NASDAQ:ANSS) last posted its quarterly earnings data 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). ANSYS had a return on equity of 12.69% and a net margin of 22.62%. The firm had revenue of $882.17 million for the quarter, compared to analyst estimates of $864.46 million. On average, equities analysts forecast that ANSYS, Inc. will post 8.32 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently issued reports on ANSS. StockNews.com lowered shares of ANSYS from a “buy” rating to a “hold” rating in a research report on Friday. Rosenblatt Securities raised their price objective on shares of ANSYS from $335.00 to $340.00 and gave the stock a “neutral” rating in a report on Friday, February 21st.

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.