DF Dent & Co. Inc. Sells 8,714 Shares of ANSYS, Inc. (NASDAQ:ANSS)

DF Dent & Co. Inc. reduced its stake in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 1.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 614,617 shares of the software maker's stock after selling 8,714 shares during the period. ANSYS accounts for approximately 2.6% of DF Dent & Co. Inc.'s investment portfolio, making the stock its 12th biggest position. DF Dent & Co. Inc. owned approximately 0.70% of ANSYS worth $207,329,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Ameliora Wealth Management Ltd. bought a new position in ANSYS during the fourth quarter worth $27,000. Assetmark Inc. raised its position in shares of ANSYS by 468.2% in the 4th quarter. Assetmark Inc. now owns 125 shares of the software maker's stock worth $42,000 after acquiring an additional 103 shares in the last quarter. Millstone Evans Group LLC acquired a new position in shares of ANSYS in the 4th quarter valued at about $42,000. SBI Securities Co. Ltd. bought a new stake in shares of ANSYS during 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. 92.39% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the firm's stock in a transaction on Monday, January 13th. The stock was sold at an average price of $336.62, for a total transaction of $67,324.00. Following the transaction, the director now directly owns 3,430 shares in the company, valued at approximately $1,154,606.60. This trade represents a 5.51 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.46% of the company's stock.

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ANSYS Stock Up 2.2 %

Shares of ANSS traded up $6.30 during trading hours on Tuesday, reaching $290.49. The stock had a trading volume of 245,961 shares, compared to its average volume of 464,059. The firm has a 50-day simple moving average of $329.49 and a 200 day simple moving average of $333.97. ANSYS, Inc. has a 12 month low of $275.06 and a 12 month high of $363.03. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $25.46 billion, a price-to-earnings ratio of 44.40, a P/E/G ratio of 3.48 and a beta of 1.20.

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

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Rosenblatt Securities boosted their price target on ANSYS from $335.00 to $340.00 and gave the company a "neutral" rating in a research note on Friday, February 21st. StockNews.com lowered shares of ANSYS from a "buy" rating to a "hold" rating in a research note on Friday, March 21st.

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.