E Fund Management Co. Ltd. Has $540,000 Position in ANSYS, Inc. (NASDAQ:ANSS)

E Fund Management Co. Ltd. reduced its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) by 7.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,489 shares of the software maker’s stock after selling 119 shares during the quarter. E Fund Management Co. Ltd.’s holdings in ANSYS were worth $540,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. CVA Family Office LLC acquired a new stake in shares of ANSYS during the fourth quarter worth approximately $28,000. Raleigh Capital Management Inc. boosted its holdings in shares of ANSYS by 135.7% during the third quarter. Raleigh Capital Management Inc. now owns 99 shares of the software maker’s stock worth $29,000 after purchasing an additional 57 shares during the period. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of ANSYS during the fourth quarter worth approximately $47,000. KB Financial Partners LLC boosted its holdings in shares of ANSYS by 69.5% during the third quarter. KB Financial Partners LLC now owns 178 shares of the software maker’s stock worth $53,000 after purchasing an additional 73 shares during the period. Finally, Lindbrook Capital LLC lifted its stake in ANSYS by 18.1% in the third quarter. Lindbrook Capital LLC now owns 241 shares of the software maker’s stock valued at $72,000 after acquiring an additional 37 shares during the last quarter. 92.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Glenda Dorchak sold 150 shares of the business’s stock in a transaction on Monday, April 8th. The shares were sold at an average price of $342.08, for a total transaction of $51,312.00. Following the transaction, the director now owns 3,049 shares of the company’s stock, valued at $1,043,001.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.46% of the stock is currently owned by insiders.

Analysts Set New Price Targets

ANSS has been the subject of a number of analyst reports. Mizuho reduced their target price on shares of ANSYS from $350.00 to $330.00 and set a “neutral” rating for the company in a research note on Wednesday, January 17th. Wolfe Research reiterated a “peer perform” rating on shares of ANSYS in a research note on Wednesday, January 17th. Barclays lifted their target price on shares of ANSYS from $314.00 to $340.00 and gave the company an “underweight” rating in a research note on Thursday, February 22nd. Rosenblatt Securities reiterated a “neutral” rating and issued a $345.00 target price on shares of ANSYS in a research note on Friday, May 3rd. Finally, StockNews.com initiated coverage on shares of ANSYS in a research note on Wednesday, May 1st. They issued a “hold” rating for the company. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, ANSYS currently has an average rating of “Hold” and a consensus target price of $320.00.

ANSYS Stock Performance

Shares of ANSYS stock traded up $1.92 on Wednesday, reaching $326.96. The stock had a trading volume of 180,229 shares, compared to its average volume of 663,795. The business’s 50-day moving average price is $335.06 and its two-hundred day moving average price is $323.12. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.80 and a current ratio of 2.80. ANSYS, Inc. has a fifty-two week low of $258.01 and a fifty-two week high of $364.31. The stock has a market cap of $28.54 billion, a P/E ratio of 65.65, a price-to-earnings-growth ratio of 5.01 and a beta of 1.16.

ANSYS (NASDAQ:ANSS) last announced its earnings results on Wednesday, May 1st. The software maker reported $1.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.54). ANSYS had a return on equity of 10.45% and a net margin of 19.51%. The company had revenue of $466.60 million for the quarter, compared to the consensus estimate of $549.85 million. During the same period last year, the firm posted $1.45 EPS. The company’s revenue was down 8.4% compared to the same quarter last year. On average, sell-side analysts forecast that ANSYS, Inc. will post 7.39 EPS for the current year.

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.