Korea Investment CORP Sells 8,588 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Korea Investment CORP cut its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS) by 8.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 95,772 shares of the software maker’s stock after selling 8,588 shares during the period. Korea Investment CORP owned 0.11% of ANSYS worth $32,307,000 as of its most recent SEC filing.

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

ANSYS Stock Down 1.6 %

Shares of NASDAQ:ANSS opened at $316.89 on Friday. ANSYS, Inc. has a 12-month low of $289.82 and a 12-month high of $363.03. The stock has a market capitalization of $27.78 billion, a price-to-earnings ratio of 48.38, a PEG ratio of 3.48 and a beta of 1.11. The stock has a fifty day simple moving average of $335.12 and a two-hundred day simple moving average of $334.16. 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 (NASDAQ:ANSS) last announced its quarterly earnings results 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 firm had revenue of $882.17 million during the quarter, compared to the consensus estimate of $864.46 million. ANSYS had a return on equity of 12.69% and a net margin of 22.62%. On average, research analysts anticipate that ANSYS, Inc. will post 8.32 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ANSS has been the topic of several recent research reports. StockNews.com cut ANSYS from a “buy” rating to a “hold” rating in a research note on Friday, March 21st. Rosenblatt Securities upped their target price on shares of ANSYS from $335.00 to $340.00 and gave the stock a “neutral” rating in a research report on Friday, February 21st.

Insider Activity at ANSYS

In other news, Director Glenda Dorchak sold 200 shares of the business’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $336.62, for a total value of $67,324.00. Following the completion of the transaction, the director now owns 3,430 shares in the company, valued at $1,154,606.60. The trade was 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 currently owned by 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.