ANSYS, Inc. (NASDAQ:ANSS) is Alpine Associates Management Inc.'s 3rd Largest Position

Alpine Associates Management Inc. grew its stake in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 8.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 443,583 shares of the software maker's stock after buying an additional 33,600 shares during the quarter. ANSYS accounts for approximately 9.1% of Alpine Associates Management Inc.'s portfolio, making the stock its 3rd largest holding. Alpine Associates Management Inc. owned about 0.51% of ANSYS worth $149,634,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ameliora Wealth Management Ltd. purchased 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% during the fourth quarter. Assetmark Inc. now owns 125 shares of the software maker's stock valued at $42,000 after purchasing an additional 103 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of ANSYS during the fourth quarter valued at approximately $47,000. Allworth Financial LP increased its position in shares of 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 bought a new stake in shares of ANSYS during the third quarter valued at approximately $119,000. 92.39% of the stock is owned by institutional investors.

Insider Activity at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the company's stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $336.62, for a total value of $67,324.00. Following the transaction, the director now directly owns 3,430 shares in the company, valued at $1,154,606.60. This represents a 5.51 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.46% of the stock is currently owned by insiders.

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Wall Street Analysts Forecast Growth

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

ANSYS Price Performance

Shares of ANSYS stock traded down $6.90 during trading hours on Monday, reaching $318.71. The company's stock had a trading volume of 632,504 shares, compared to its average volume of 427,771. The firm has a 50 day moving average price of $340.10 and a 200-day moving average price of $333.72. ANSYS, Inc. has a one year low of $289.82 and a one year high of $363.03. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.01 and a quick ratio of 3.01. The stock has a market cap of $27.94 billion, a P/E ratio of 48.66, a P/E/G ratio of 3.48 and a beta of 1.11.

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 firm had revenue of $882.17 million for the quarter, compared to the consensus estimate of $864.46 million. ANSYS had a net margin of 22.62% and a return on equity of 12.69%. On average, analysts predict that ANSYS, Inc. will post 8.32 EPS for the current 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.