Welch & Forbes LLC Lowers Position in ANSYS, Inc. (ANSS)

Welch & Forbes LLC trimmed its position in shares of ANSYS, Inc. (NASDAQ:ANSS) by 2.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 475,523 shares of the software maker’s stock after selling 9,946 shares during the quarter. ANSYS accounts for approximately 2.2% of Welch & Forbes LLC’s investment portfolio, making the stock its 9th biggest position. Welch & Forbes LLC’s holdings in ANSYS were worth $86,884,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc boosted its holdings in ANSYS by 0.4% during the 3rd quarter. Vanguard Group Inc now owns 8,770,380 shares of the software maker’s stock valued at $1,637,254,000 after acquiring an additional 34,911 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in ANSYS by 7.5% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,953,093 shares of the software maker’s stock valued at $422,116,000 after acquiring an additional 206,347 shares during the period. Principal Financial Group Inc. boosted its holdings in ANSYS by 10.0% during the 4th quarter. Principal Financial Group Inc. now owns 2,049,950 shares of the software maker’s stock valued at $293,020,000 after acquiring an additional 186,051 shares during the period. Morgan Stanley boosted its holdings in ANSYS by 0.8% during the 3rd quarter. Morgan Stanley now owns 1,444,181 shares of the software maker’s stock valued at $269,599,000 after acquiring an additional 11,718 shares during the period. Finally, Northern Trust Corp boosted its holdings in ANSYS by 1.1% during the 4th quarter. Northern Trust Corp now owns 1,149,516 shares of the software maker’s stock valued at $164,311,000 after acquiring an additional 12,917 shares during the period. Institutional investors own 94.18% of the company’s stock.

ANSS has been the subject of several recent research reports. Zacks Investment Research cut ANSYS from a “buy” rating to a “hold” rating in a research note on Tuesday, March 12th. BidaskClub upgraded ANSYS from a “hold” rating to a “buy” rating in a research note on Saturday, March 9th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $182.31.

In other ANSYS news, CEO Ajei Gopal sold 883 shares of ANSYS stock in a transaction that occurred on Thursday, February 28th. The stock was sold at an average price of $186.00, for a total transaction of $164,238.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Michael Thurk sold 3,500 shares of ANSYS stock in a transaction that occurred on Monday, February 11th. The stock was sold at an average price of $171.73, for a total value of $601,055.00. The disclosure for this sale can be found here. Insiders have sold a total of 61,060 shares of company stock worth $11,042,442 in the last three months. Corporate insiders own 1.11% of the company’s stock.

Shares of NASDAQ ANSS traded down $1.07 during midday trading on Monday, hitting $193.59. 283,892 shares of the company’s stock were exchanged, compared to its average volume of 412,630. ANSYS, Inc. has a twelve month low of $136.80 and a twelve month high of $195.25. The firm has a market capitalization of $16.33 billion, a PE ratio of 37.16 and a beta of 1.35.

ANSYS (NASDAQ:ANSS) last issued its earnings results on Wednesday, February 27th. The software maker reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.57. ANSYS had a return on equity of 17.83% and a net margin of 32.42%. The business had revenue of $340.07 million for the quarter, compared to analyst estimates of $365.03 million. During the same quarter last year, the company earned $1.07 EPS. The business’s quarterly revenue was up 12.1% on a year-over-year basis. On average, sell-side analysts forecast that ANSYS, Inc. will post 4.99 earnings per share for the current year.

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ANSYS Company Profile

ANSYS, Inc develops and markets engineering simulation software and services worldwide. The company offers ANSYS Workbench, a framework upon which the company's engineering simulation technologies are built; ANSYS multiphysics software to simulate the interactions between structures, heat transfer, fluids, and electronics in a unified engineering simulation environment; and structural analysis product suite that provides simulation tools for product design and optimization.

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Institutional Ownership by Quarter for ANSYS (NASDAQ:ANSS)

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