AlphaQuest LLC Decreases Stock Position in ANSYS, Inc. (NASDAQ:ANSS)

AlphaQuest LLC lessened its stake in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 46.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,950 shares of the software maker's stock after selling 2,542 shares during the period. AlphaQuest LLC's holdings in ANSYS were worth $995,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in ANSS. Ameliora Wealth Management Ltd. purchased a new stake in ANSYS during the fourth quarter worth $27,000. Assetmark Inc. boosted its stake in shares of ANSYS by 468.2% during the 4th quarter. Assetmark Inc. now owns 125 shares of the software maker's stock worth $42,000 after acquiring an additional 103 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of ANSYS during the 4th quarter valued at about $47,000. Allworth Financial LP grew its position in shares of ANSYS by 33.7% during the 4th quarter. Allworth Financial LP now owns 258 shares of the software maker's stock valued at $92,000 after acquiring an additional 65 shares during the period. Finally, Brooklyn Investment Group purchased a new position in shares of ANSYS in the 3rd quarter valued at about $119,000. Institutional investors and hedge funds own 92.39% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Rosenblatt Securities raised their price objective on ANSYS from $335.00 to $340.00 and gave the company a "neutral" rating in a report on Friday, February 21st. StockNews.com upgraded shares of ANSYS from a "hold" rating to a "buy" rating in a research report on Friday, February 21st.

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Insider Activity

In other ANSYS news, Director Glenda Dorchak sold 200 shares of ANSYS stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $336.62, for a total transaction of $67,324.00. Following the transaction, the director now directly owns 3,430 shares of the company's stock, valued at $1,154,606.60. The trade was a 5.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.46% of the company's stock.

ANSYS Price Performance

Shares of NASDAQ:ANSS traded up $5.12 during trading on Friday, reaching $322.68. The stock had a trading volume of 570,323 shares, compared to its average volume of 430,400. The business has a fifty day moving average price of $339.00 and a 200-day moving average price of $333.47. ANSYS, Inc. has a 1-year low of $289.82 and a 1-year high of $363.03. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.01 and a current ratio of 3.01. The stock has a market cap of $28.28 billion, a PE ratio of 49.26, a PEG ratio of 3.48 and a beta of 1.11.

ANSYS (NASDAQ:ANSS - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The software maker reported $3.65 earnings per share for the quarter, missing the consensus estimate of $3.97 by ($0.32). The business 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 analysts forecast that ANSYS, Inc. will post 8.32 earnings per share for the current fiscal 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.