Dnca Finance Reduces Holdings in ANSYS, Inc. (NASDAQ:ANSS)

Dnca Finance lessened its stake in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 36.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,700 shares of the software maker's stock after selling 6,800 shares during the quarter. Dnca Finance's holdings in ANSYS were worth $3,947,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in ANSS. Forum Financial Management LP lifted its stake in shares of ANSYS by 26.5% in the 4th quarter. Forum Financial Management LP now owns 1,197 shares of the software maker's stock valued at $404,000 after purchasing an additional 251 shares during the period. Canada Pension Plan Investment Board grew its position in shares of ANSYS by 303.1% in the 4th quarter. Canada Pension Plan Investment Board now owns 154,549 shares of the software maker's stock worth $52,134,000 after buying an additional 116,207 shares during the period. Foster Dykema Cabot & Partners LLC grew its holdings in ANSYS by 778.6% in the fourth quarter. Foster Dykema Cabot & Partners LLC now owns 615 shares of the software maker's stock worth $207,000 after purchasing an additional 545 shares during the period. Charter Oak Advisors LP bought a new position in shares of ANSYS during the fourth quarter valued at approximately $5,201,000. Finally, Wasatch Advisors LP lifted its holdings in shares of ANSYS by 10.6% during the fourth quarter. Wasatch Advisors LP now owns 2,891 shares of the software maker's stock valued at $975,000 after purchasing an additional 277 shares during the last quarter. Institutional investors own 92.39% of the company's stock.

ANSYS Price Performance

ANSYS stock opened at $302.74 on Friday. ANSYS, Inc. has a 52-week low of $275.06 and a 52-week high of $363.03. 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's fifty day moving average is $319.11 and its 200 day moving average is $332.09. The company has a market cap of $26.54 billion, a price-to-earnings ratio of 46.22, a PEG ratio of 3.48 and a beta of 1.20.

ANSYS (NASDAQ:ANSS - Get Free Report) last released its 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 company had revenue of $882.17 million for the quarter, compared to the consensus estimate of $864.46 million. Sell-side analysts forecast that ANSYS, Inc. will post 8.32 EPS for the current fiscal year.

Insider Buying and Selling at ANSYS

In related 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 sale, the director now directly owns 3,230 shares in the company, valued at $969,032.30. The trade was a 5.83 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.46% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on ANSS shares. StockNews.com raised ANSYS from a "hold" rating to a "buy" rating in a research report on Friday. Rosenblatt Securities increased their target price on ANSYS from $335.00 to $340.00 and gave the company a "neutral" rating in a report on Friday, February 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.

Want to see what other hedge funds are holding ANSS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ANSYS, Inc. (NASDAQ:ANSS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.