Franklin Resources Inc. lowered its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) by 0.8% during the third quarter, HoldingsChannel reports. The firm owned 330,661 shares of the software maker’s stock after selling 2,500 shares during the period. Franklin Resources Inc.’s holdings in ANSYS were worth $61,728,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Bartlett & Co. LLC acquired a new stake in ANSYS during the third quarter worth approximately $114,000. Fort L.P. acquired a new stake in ANSYS during the second quarter worth approximately $121,000. Piedmont Investment Advisors LLC purchased a new position in shares of ANSYS during the second quarter worth approximately $166,000. Emerald Advisers Inc. PA purchased a new position in shares of ANSYS during the third quarter worth approximately $201,000. Finally, Reliance Trust Co. of Delaware purchased a new position in shares of ANSYS during the third quarter worth approximately $204,000. 94.48% of the stock is currently owned by institutional investors.

A number of brokerages have recently issued reports on ANSS. Wedbush raised their target price on shares of ANSYS from $163.00 to $168.00 and gave the stock a “neutral” rating in a research report on Thursday, August 9th. BidaskClub lowered shares of ANSYS from a “buy” rating to a “hold” rating in a research report on Thursday, October 4th. Benchmark upgraded shares of ANSYS from a “hold” rating to a “buy” rating and set a $187.00 target price on the stock in a research report on Monday, November 5th. ValuEngine upgraded shares of ANSYS from a “hold” rating to a “buy” rating in a research report on Friday, November 2nd. Finally, Citigroup restated an “overweight” rating on shares of ANSYS in a research report on Tuesday, August 14th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $176.09.

ANSYS stock opened at $158.19 on Friday. ANSYS, Inc. has a one year low of $140.78 and a one year high of $190.45. The firm has a market capitalization of $13.09 billion, a price-to-earnings ratio of 36.26 and a beta of 1.33.

ANSYS (NASDAQ:ANSS) last released its earnings results on Wednesday, November 7th. The software maker reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.19. ANSYS had a return on equity of 15.33% and a net margin of 27.00%. The company had revenue of $293.00 million during the quarter, compared to the consensus estimate of $286.57 million. During the same quarter last year, the company earned $1.05 earnings per share. ANSYS’s quarterly revenue was up 5.9% compared to the same quarter last year. Equities research analysts expect that ANSYS, Inc. will post 4.66 EPS for the current year.

In other news, Director Barbara Vaughn Scherer sold 2,454 shares of ANSYS stock in a transaction on Thursday, September 13th. The stock was sold at an average price of $187.99, for a total transaction of $461,327.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael Thurk sold 3,500 shares of ANSYS stock in a transaction on Thursday, November 1st. The stock was sold at an average price of $152.26, for a total value of $532,910.00. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by company insiders.

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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.

Further Reading: Risk Tolerance and Your Investment Decisions

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Institutional Ownership by Quarter for ANSYS (NASDAQ:ANSS)

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