Boussard & Gavaudan Investment Management LLP Sells 1,680 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Boussard & Gavaudan Investment Management LLP lessened its holdings in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 2.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 84,403 shares of the software maker's stock after selling 1,680 shares during the period. ANSYS comprises 2.4% of Boussard & Gavaudan Investment Management LLP's holdings, making the stock its 12th biggest holding. Boussard & Gavaudan Investment Management LLP owned approximately 0.10% of ANSYS worth $28,521,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Ameliora Wealth Management Ltd. acquired a new stake in shares of ANSYS during the fourth quarter worth $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 valued at $42,000 after acquiring an additional 103 shares during the last quarter. Millstone Evans Group LLC bought a new position in shares of ANSYS in the 4th quarter worth about $42,000. SBI Securities Co. Ltd. acquired a new position in shares of ANSYS in the 4th quarter valued at about $47,000. Finally, Allworth Financial LP boosted 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 purchasing an additional 65 shares in the last quarter. Institutional investors and hedge funds own 92.39% of the company's stock.

Wall Street Analysts Forecast Growth

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

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ANSYS Stock Up 0.3 %

NASDAQ:ANSS traded up $0.99 on Tuesday, hitting $317.55. The stock had a trading volume of 114,315 shares, compared to its average volume of 453,560. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.12. ANSYS, Inc. has a 52 week low of $289.82 and a 52 week high of $363.03. The business's fifty day moving average is $334.45 and its 200 day moving average is $334.44. The company has a market cap of $27.83 billion, a PE ratio of 48.48, a P/E/G ratio of 3.48 and a beta of 1.11.

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 analysts' consensus estimates of $3.97 by ($0.32). The business 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, equities research analysts expect that ANSYS, Inc. will post 8.32 EPS for the current fiscal year.

Insider Activity at ANSYS

In related news, Director Glenda Dorchak sold 200 shares of the firm's stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $336.62, for a total value of $67,324.00. Following the completion of the transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.46% of the stock is owned by company insiders.

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.