Corebridge Financial Inc. Reduces Stake in ANSYS, Inc. (NASDAQ:ANSS)

Corebridge Financial Inc. trimmed its position in shares of ANSYS, Inc. (NASDAQ:ANSS) by 2.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 28,296 shares of the software maker’s stock after selling 703 shares during the quarter. Corebridge Financial Inc.’s holdings in ANSYS were worth $9,545,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of ANSS. Ameliora Wealth Management Ltd. purchased a new stake in shares of ANSYS in the 4th quarter worth about $27,000. Assetmark Inc. grew its position in shares of ANSYS by 468.2% in the fourth quarter. Assetmark Inc. now owns 125 shares of the software maker’s stock valued at $42,000 after purchasing an additional 103 shares during the last quarter. Millstone Evans Group LLC acquired a new stake in shares of ANSYS in the fourth quarter valued at approximately $42,000. SBI Securities Co. Ltd. acquired a new position in shares of ANSYS during the 4th quarter worth approximately $47,000. Finally, Allworth Financial LP raised its position in shares of ANSYS by 33.7% during the 4th quarter. Allworth Financial LP now owns 258 shares of the software maker’s stock worth $92,000 after purchasing an additional 65 shares during the last quarter. Institutional investors and hedge funds own 92.39% of the company’s stock.

ANSYS Trading Down 1.0 %

Shares of ANSS opened at $323.34 on Thursday. ANSYS, Inc. has a fifty-two week low of $289.82 and a fifty-two week high of $363.03. The company has a market capitalization of $28.34 billion, a PE ratio of 49.36, a price-to-earnings-growth ratio of 3.48 and a beta of 1.11. The stock has a fifty day moving average of $336.23 and a two-hundred day moving average of $334.20. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.01 and a current ratio of 3.01.

ANSYS (NASDAQ:ANSS) last released its 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 business had revenue of $882.17 million for the quarter, compared to analysts’ expectations of $864.46 million. ANSYS had a return on equity of 12.69% and a net margin of 22.62%. As a group, analysts forecast that ANSYS, Inc. will post 8.32 EPS for the current year.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other ANSYS 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 transaction, the director now owns 3,430 shares of the company’s stock, valued at $1,154,606.60. This trade represents a 5.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.46% of the company’s stock.

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.