ClearAlpha Technologies LP lessened its stake in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 25.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,943 shares of the software maker's stock after selling 6,995 shares during the quarter. ANSYS makes up approximately 4.8% of ClearAlpha Technologies LP's holdings, making the stock its 6th largest holding. ClearAlpha Technologies LP's holdings in ANSYS were worth $7,065,000 at the end of the most recent reporting period.
Other institutional 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. boosted its position in ANSYS by 468.2% during the fourth quarter. Assetmark Inc. now owns 125 shares of the software maker's stock worth $42,000 after acquiring an additional 103 shares during the last quarter. Millstone Evans Group LLC purchased a new stake in ANSYS in the 4th quarter worth approximately $42,000. SBI Securities Co. Ltd. acquired a new position in ANSYS in the 4th quarter valued at $47,000. Finally, Allworth Financial LP raised its holdings in ANSYS by 33.7% in 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 last quarter. Institutional investors and hedge funds own 92.39% of the company's stock.
Analyst Ratings Changes
A number of brokerages have recently commented on ANSS. StockNews.com raised ANSYS from a "hold" rating to a "buy" rating in a research report on Friday, April 18th. Rosenblatt Securities lifted their price target on ANSYS from $335.00 to $340.00 and gave the company a "neutral" rating in a report on Friday, February 21st.
Read Our Latest Report on ANSS
ANSYS Trading Up 1.8 %
Shares of ANSS stock traded up $5.34 on Wednesday, reaching $308.60. 436,151 shares of the stock were exchanged, compared to its average volume of 480,300. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.12. The stock has a market cap of $27.05 billion, a P/E ratio of 47.11, a price-to-earnings-growth ratio of 3.48 and a beta of 1.20. The firm has a 50 day moving average of $317.06 and a two-hundred day moving average of $331.83. ANSYS, Inc. has a 1-year low of $275.06 and a 1-year high of $363.03.
ANSYS (NASDAQ:ANSS - Get Free Report) last announced 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 firm had revenue of $882.17 million for the quarter, compared to analyst estimates of $864.46 million. ANSYS had a return on equity of 12.69% and a net margin of 22.62%. On average, research analysts anticipate that ANSYS, Inc. will post 8.32 EPS for the current year.
Insider Activity at ANSYS
In other ANSYS news, Director Glenda Dorchak sold 200 shares of the firm's stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $300.01, for a total value of $60,002.00. Following the transaction, the director now directly owns 3,230 shares of the company's stock, valued at $969,032.30. This trade represents a 5.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.46% of the company's stock.
About ANSYS
(
Free Report)
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.
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