Diametric Capital LP decreased its stake in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 65.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,847 shares of the software maker's stock after selling 3,438 shares during the quarter. Diametric Capital LP's holdings in ANSYS were worth $623,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. lifted its stake in ANSYS by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 10,643,766 shares of the software maker's stock valued at $3,590,462,000 after buying an additional 78,730 shares in the last quarter. State Street Corp raised its holdings in shares of ANSYS by 3.0% during the third quarter. State Street Corp now owns 3,703,249 shares of the software maker's stock valued at $1,179,966,000 after acquiring an additional 106,187 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of ANSYS by 1.7% in the third quarter. Geode Capital Management LLC now owns 2,305,554 shares of the software maker's stock valued at $732,672,000 after acquiring an additional 37,577 shares in the last quarter. Norges Bank acquired a new stake in shares of ANSYS in the fourth quarter worth approximately $615,566,000. Finally, Principal Financial Group Inc. increased its position in shares of ANSYS by 1.3% during the fourth quarter. Principal Financial Group Inc. now owns 570,525 shares of the software maker's stock worth $192,456,000 after purchasing an additional 7,098 shares in the last quarter. Institutional investors and hedge funds own 92.39% of the company's stock.
Insider Transactions at ANSYS
In related news, Director Glenda Dorchak sold 200 shares of the stock in a transaction that occurred on Monday, January 13th. The stock was 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 in the company, valued at approximately $1,154,606.60. This represents a 5.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.46% of the company's stock.
Analyst Ratings Changes
A number of research analysts have weighed in on ANSS shares. Rosenblatt Securities raised their price objective on ANSYS from $335.00 to $340.00 and gave the company a "neutral" rating in a report on Friday, February 21st. StockNews.com downgraded shares of ANSYS from a "buy" rating to a "hold" rating in a research note on Friday, March 21st.
Check Out Our Latest Report on ANSYS
ANSYS Trading Down 7.6 %
NASDAQ ANSS traded down $23.60 on Friday, reaching $286.85. 1,315,228 shares of the company were exchanged, compared to its average volume of 461,859. 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 business's fifty day moving average price is $330.70 and its 200 day moving average price is $334.09. The stock has a market capitalization of $25.14 billion, a P/E ratio of 43.79, a price-to-earnings-growth ratio of 3.48 and a beta of 1.20. ANSYS, Inc. has a fifty-two week low of $285.93 and a fifty-two week high of $363.03.
ANSYS (NASDAQ:ANSS - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The software maker reported $3.65 earnings per share for the quarter, missing the consensus estimate of $3.97 by ($0.32). ANSYS had a net margin of 22.62% and a return on equity of 12.69%. The firm had revenue of $882.17 million for the quarter, compared to analyst estimates of $864.46 million. Analysts forecast that ANSYS, Inc. will post 8.32 earnings per share for the current year.
ANSYS Company Profile
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Free Report)
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.
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