ANSYS, Inc. (NASDAQ:ANSS) Stock Holdings Lowered by Alliancebernstein L.P.

Alliancebernstein L.P. cut its holdings in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 6.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 284,344 shares of the software maker's stock after selling 19,612 shares during the period. Alliancebernstein L.P. owned about 0.33% of ANSYS worth $95,918,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Ameliora Wealth Management Ltd. purchased a new stake in shares of ANSYS during the fourth quarter worth about $27,000. Assetmark Inc. grew its holdings in 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. Millstone Evans Group LLC acquired a new position in shares of ANSYS during the 4th quarter valued at about $42,000. SBI Securities Co. Ltd. purchased a new position in shares of ANSYS during the 4th quarter worth about $47,000. Finally, Allworth Financial LP boosted its position in shares of ANSYS by 33.7% in the fourth quarter. Allworth Financial LP now owns 258 shares of the software maker's stock worth $92,000 after acquiring an additional 65 shares during the last quarter. 92.39% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $336.62, for a total transaction of $67,324.00. Following the transaction, the director now owns 3,430 shares of the company's stock, valued at $1,154,606.60. This trade represents a 5.51 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.46% of the company's stock.

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Analysts Set New Price Targets

A number of equities analysts have weighed in on ANSS shares. StockNews.com downgraded shares of ANSYS from a "buy" rating to a "hold" rating in a research note on Friday, March 21st. Rosenblatt Securities boosted their price target on ANSYS from $335.00 to $340.00 and gave the company a "neutral" rating in a research report on Friday, February 21st.

ANSYS Stock Down 1.7 %

Shares of ANSS stock traded down $4.83 during trading hours on Monday, reaching $282.03. The company had a trading volume of 376,301 shares, compared to its average volume of 461,761. The company has a market capitalization of $24.72 billion, a P/E ratio of 43.14, a price-to-earnings-growth ratio of 3.48 and a beta of 1.20. ANSYS, Inc. has a twelve month low of $274.54 and a twelve month high of $363.03. The stock's fifty day simple moving average is $330.70 and its 200 day simple moving average is $334.24. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.01 and a current ratio of 3.01.

ANSYS (NASDAQ:ANSS - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The software maker reported $3.65 EPS for the quarter, missing analysts' consensus estimates of $3.97 by ($0.32). ANSYS had a return on equity of 12.69% and a net margin of 22.62%. The firm had revenue of $882.17 million during the quarter, compared to analyst estimates of $864.46 million. As a group, sell-side analysts expect that ANSYS, Inc. will post 8.32 earnings per share for the current fiscal year.

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.