Trillium Asset Management LLC Sells 200 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Trillium Asset Management LLC trimmed its holdings in ANSYS, Inc. (NASDAQ:ANSS) by 9.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,848 shares of the software maker’s stock after selling 200 shares during the quarter. Trillium Asset Management LLC’s holdings in ANSYS were worth $623,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Ameliora Wealth Management Ltd. bought a new position in shares of ANSYS during the fourth quarter worth $27,000. Assetmark Inc. lifted its stake in ANSYS by 468.2% in the 4th quarter. Assetmark Inc. now owns 125 shares of the software maker’s stock worth $42,000 after purchasing an additional 103 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in shares of ANSYS during the 4th quarter valued at about $47,000. Allworth Financial LP grew its position in shares of ANSYS by 33.7% during the fourth quarter. Allworth Financial LP now owns 258 shares of the software maker’s stock valued at $92,000 after purchasing an additional 65 shares in the last quarter. Finally, Brooklyn Investment Group bought a new stake in shares of ANSYS in the third quarter worth about $119,000. 92.39% of the stock is owned by hedge funds and other institutional investors.

ANSYS Stock Down 0.2 %

Shares of NASDAQ ANSS opened at $323.04 on Thursday. The stock has a market capitalization of $28.32 billion, a price-to-earnings ratio of 49.32, a P/E/G ratio of 3.48 and a beta of 1.11. ANSYS, Inc. has a 12-month low of $289.82 and a 12-month high of $363.03. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 0.12. The firm’s 50-day moving average price is $337.76 and its 200-day moving average price is $333.70.

ANSYS (NASDAQ:ANSS) last issued its quarterly earnings data on Wednesday, February 19th. The software maker reported $3.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.97 by ($0.32). The company had revenue of $882.17 million for the quarter, compared to analysts’ expectations of $864.46 million. ANSYS had a net margin of 22.62% and a return on equity of 12.69%. On average, equities research analysts anticipate that ANSYS, Inc. will post 8.32 EPS for the current fiscal year.

Analysts Set New Price Targets

ANSS has been the subject of a number of research reports. Rosenblatt Securities increased their price target on ANSYS from $335.00 to $340.00 and gave the company a “neutral” rating in a research note on Friday, February 21st. StockNews.com upgraded ANSYS from a “hold” rating to a “buy” rating in a research report on Friday, February 21st.

Insider Buying and Selling

In related news, Director Glenda Dorchak sold 200 shares of ANSYS stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $336.62, for a total transaction of $67,324.00. Following the completion of the transaction, the director now directly owns 3,430 shares of the company’s stock, valued at approximately $1,154,606.60. The trade was a 5.51 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.46% of the stock is owned by corporate insiders.

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.