ANSYS, Inc. (NASDAQ:ANSS) Shares Sold by Aigen Investment Management LP

Aigen Investment Management LP lowered its stake in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 77.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 868 shares of the software maker's stock after selling 2,958 shares during the period. Aigen Investment Management LP's holdings in ANSYS were worth $293,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in ANSS. Ameliora Wealth Management Ltd. acquired a new stake in shares of ANSYS during the fourth quarter worth about $27,000. Assetmark Inc. lifted its holdings in shares of ANSYS by 468.2% in the 4th quarter. Assetmark Inc. now owns 125 shares of the software maker's stock valued at $42,000 after buying an additional 103 shares during the period. SBI Securities Co. Ltd. acquired a new stake in ANSYS during the fourth quarter worth about $47,000. Allworth Financial LP raised its position in 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 acquiring an additional 65 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new position in ANSYS in the third quarter valued at approximately $119,000. 92.39% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at ANSYS

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

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ANSYS Price Performance

ANSS traded down $2.87 during trading on Wednesday, hitting $317.49. The company's stock had a trading volume of 621,437 shares, compared to its average volume of 514,780. ANSYS, Inc. has a twelve month low of $289.82 and a twelve month high of $363.03. The firm has a market capitalization of $27.83 billion, a price-to-earnings ratio of 48.47, a P/E/G ratio of 3.48 and a beta of 1.11. 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 business's fifty day simple moving average is $339.76 and its 200 day simple moving average is $333.70.

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on ANSS. StockNews.com raised shares of ANSYS from a "hold" rating to a "buy" rating in a research note on Friday, February 21st. Rosenblatt Securities increased their price target on shares of ANSYS from $335.00 to $340.00 and gave the stock a "neutral" rating in a report on Friday, February 21st.

ANSYS 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.