Prudential Financial Inc. Has $15.82 Million Holdings in ANSYS, Inc. (NASDAQ:ANSS)

Prudential Financial Inc. lowered its position in ANSYS, Inc. (NASDAQ:ANSS) by 10.8% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 46,907 shares of the software maker’s stock after selling 5,659 shares during the period. Prudential Financial Inc. owned 0.05% of ANSYS worth $15,823,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Nomura Asset Management Co. Ltd. boosted its position in ANSYS by 7.2% during the third quarter. Nomura Asset Management Co. Ltd. now owns 28,351 shares of the software maker’s stock valued at $9,033,000 after acquiring an additional 1,914 shares during the last quarter. FNY Investment Advisers LLC lifted its stake in shares of ANSYS by 78.7% in the 4th quarter. FNY Investment Advisers LLC now owns 6,037 shares of the software maker’s stock valued at $2,036,000 after purchasing an additional 2,659 shares during the period. JPMorgan Chase & Co. boosted its position in shares of ANSYS by 34.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 386,708 shares of the software maker’s stock valued at $123,217,000 after purchasing an additional 100,042 shares in the last quarter. Oak Thistle LLC acquired a new stake in ANSYS during the fourth quarter worth approximately $255,000. Finally, Ulland Investment Advisors LLC increased its holdings in ANSYS by 107.6% in the fourth quarter. Ulland Investment Advisors LLC now owns 2,635 shares of the software maker’s stock worth $889,000 after purchasing an additional 1,366 shares in the last quarter. 92.39% of the stock is owned by institutional investors.

ANSYS Stock Down 0.4 %

Shares of NASDAQ:ANSS opened at $322.09 on Friday. The firm has a market cap of $28.23 billion, a P/E ratio of 49.17, a PEG ratio of 3.48 and a beta of 1.11. ANSYS, Inc. has a 52-week low of $289.82 and a 52-week high of $363.03. The business’s 50 day simple moving average is $335.78 and its two-hundred day simple moving average is $334.11. 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 posted its quarterly earnings results on Wednesday, February 19th. The software maker reported $3.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.97 by ($0.32). The business had revenue of $882.17 million during the quarter, compared to analyst estimates of $864.46 million. ANSYS had a net margin of 22.62% and a return on equity of 12.69%. As a group, research analysts forecast that ANSYS, Inc. will post 8.32 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Insider Activity

In related news, Director Glenda Dorchak sold 200 shares of the firm’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $336.62, for a total value of $67,324.00. Following the transaction, the director now owns 3,430 shares of the company’s stock, valued at approximately $1,154,606.60. This trade represents a 5.51 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.46% of the company’s stock.

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.