DLD Asset Management LP Decreases Stake in ANSYS, Inc. (NASDAQ:ANSS)

DLD Asset Management LP lessened its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 81.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,331 shares of the software maker's stock after selling 5,959 shares during the quarter. DLD Asset Management LP's holdings in ANSYS were worth $449,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Ameliora Wealth Management Ltd. bought a new position in shares of ANSYS during the 4th quarter valued at about $27,000. Assetmark Inc. grew its position in ANSYS by 468.2% during the 4th quarter. Assetmark Inc. now owns 125 shares of the software maker's stock worth $42,000 after acquiring an additional 103 shares during the last quarter. Millstone Evans Group LLC bought a new stake in ANSYS in the fourth quarter valued at approximately $42,000. SBI Securities Co. Ltd. purchased a new stake in shares of ANSYS during the fourth quarter valued at approximately $47,000. Finally, Allworth Financial LP grew its holdings in shares of ANSYS by 33.7% in the fourth quarter. Allworth Financial LP now owns 258 shares of the software maker's stock worth $92,000 after purchasing an additional 65 shares during the last quarter. Hedge funds and other institutional investors own 92.39% of the company's stock.

ANSYS Stock Down 1.6 %

Shares of ANSS stock traded down $4.49 during mid-day trading on Monday, reaching $282.36. 478,092 shares of the company's stock traded hands, compared to its average volume of 461,988. 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 company's 50-day moving average price is $330.70 and its 200-day moving average price is $334.24. The company has a market cap of $24.75 billion, a P/E ratio of 43.08, a P/E/G ratio of 3.48 and a beta of 1.20. ANSYS, Inc. has a 12 month low of $274.54 and a 12 month high of $363.03.

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ANSYS (NASDAQ:ANSS - Get Free Report) last announced its earnings results 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 for the quarter, compared to the consensus estimate of $864.46 million. On average, equities analysts expect that ANSYS, Inc. will post 8.32 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

Insiders Place Their Bets

In related news, Director Glenda Dorchak sold 200 shares of the company's stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $336.62, for a total value of $67,324.00. Following 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.46% of the company's stock.

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.