BTG Pactual Asset Management US LLC Decreases Stake in ANSYS, Inc. (NASDAQ:ANSS)

BTG Pactual Asset Management US LLC lessened its holdings in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 62.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,436 shares of the software maker's stock after selling 4,000 shares during the quarter. BTG Pactual Asset Management US LLC's holdings in ANSYS were worth $822,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in ANSS. Vanguard Group Inc. grew its holdings in ANSYS by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 10,643,766 shares of the software maker's stock worth $3,590,462,000 after acquiring an additional 78,730 shares during the last quarter. Geode Capital Management LLC raised its position in ANSYS by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 2,363,744 shares of the software maker's stock valued at $796,033,000 after purchasing an additional 58,190 shares during the last quarter. FIL Ltd lifted its holdings in ANSYS by 32.5% in the 4th quarter. FIL Ltd now owns 2,086,177 shares of the software maker's stock worth $703,730,000 after buying an additional 511,557 shares during the period. Norges Bank bought a new stake in shares of ANSYS in the 4th quarter worth approximately $615,566,000. Finally, Invesco Ltd. increased its stake in shares of ANSYS by 7.4% during the fourth quarter. Invesco Ltd. now owns 1,097,915 shares of the software maker's stock valued at $370,360,000 after buying an additional 75,752 shares during the period. 92.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

ANSYS Stock Up 0.4 %

Shares of NASDAQ:ANSS traded up $1.15 during midday trading on Friday, reaching $302.74. The company's stock had a trading volume of 817,786 shares, compared to its average volume of 478,852. 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 firm has a 50 day moving average of $319.11 and a 200-day moving average of $332.09. The firm has a market capitalization of $26.54 billion, a P/E ratio of 46.22, a PEG ratio of 3.48 and a beta of 1.20. ANSYS, Inc. has a 12-month low of $275.06 and a 12-month high of $363.03.

ANSYS (NASDAQ:ANSS - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The software maker reported $3.65 earnings per share for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $864.46 million. On average, research analysts anticipate that ANSYS, Inc. will post 8.32 earnings per share for the current year.

Insider Buying and Selling at ANSYS

In other news, Director Glenda Dorchak sold 200 shares of ANSYS 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 completion of the transaction, the director now owns 3,230 shares of the company's stock, valued at $969,032.30. The trade was a 5.83 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.46% of the stock is owned by company insiders.

About ANSYS

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.