Machina Capital S.A.S. Sells 3,991 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Machina Capital S.A.S. decreased its holdings in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 75.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,264 shares of the software maker's stock after selling 3,991 shares during the quarter. Machina Capital S.A.S.'s holdings in ANSYS were worth $426,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. Proficio Capital Partners LLC bought a new position in ANSYS during the fourth quarter worth about $119,140,000. D1 Capital Partners L.P. bought a new position in shares of ANSYS during the 3rd quarter worth approximately $73,345,000. State Street Corp boosted its stake in ANSYS by 3.0% in the 3rd quarter. State Street Corp now owns 3,703,249 shares of the software maker's stock valued at $1,179,966,000 after buying an additional 106,187 shares in the last quarter. JPMorgan Chase & Co. grew its position in ANSYS by 34.9% in the third quarter. JPMorgan Chase & Co. now owns 386,708 shares of the software maker's stock valued at $123,217,000 after acquiring an additional 100,042 shares during the period. Finally, CCLA Investment Management raised its stake in ANSYS by 11.9% during the fourth quarter. CCLA Investment Management now owns 445,891 shares of the software maker's stock worth $150,381,000 after acquiring an additional 47,331 shares in the last quarter. 92.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently commented on ANSS shares. 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 note on Friday, February 21st. StockNews.com raised shares of ANSYS from a "hold" rating to a "buy" rating in a report on Friday, February 21st.

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Insider Transactions at ANSYS

In related news, Director Glenda Dorchak sold 200 shares of the business'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 owns 3,430 shares in the company, valued at $1,154,606.60. The trade was a 5.51 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.46% of the stock is owned by company insiders.

ANSYS Price Performance

ANSS stock traded down $2.87 during midday trading on Wednesday, reaching $317.49. 690,127 shares of the company's stock traded hands, compared to its average volume of 429,138. The company has a 50-day simple moving average of $339.76 and a two-hundred day simple moving average of $333.70. 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 1-year low of $289.82 and a 1-year high of $363.03. The company has a market cap of $27.83 billion, a price-to-earnings ratio of 48.47, a PEG ratio of 3.48 and a beta of 1.11.

ANSYS (NASDAQ:ANSS - Get Free Report) last announced its 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). ANSYS had a return on equity of 12.69% and a net margin of 22.62%. The business had revenue of $882.17 million for the quarter, compared to the consensus estimate of $864.46 million. On average, analysts anticipate that ANSYS, Inc. will post 8.32 earnings per share for the current 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.