ANSYS, Inc. (NASDAQ:ANSS) Shares Sold by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP lowered its position in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 62.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 21,072 shares of the software maker's stock after selling 34,824 shares during the period. ExodusPoint Capital Management LP's holdings in ANSYS were worth $7,108,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Norges Bank purchased a new position in shares of ANSYS in the 4th quarter worth $615,566,000. Proficio Capital Partners LLC bought a new stake in shares of ANSYS in the 4th quarter valued at about $119,140,000. State Street Corp grew its stake in ANSYS by 3.0% during the 3rd quarter. State Street Corp now owns 3,703,249 shares of the software maker's stock worth $1,179,966,000 after buying an additional 106,187 shares during the last quarter. National Bank of Canada FI increased its holdings in shares of ANSYS by 69.4% during the fourth quarter. National Bank of Canada FI now owns 244,390 shares of the software maker's stock valued at $82,440,000 after acquiring an additional 100,111 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of ANSYS by 34.9% in the third quarter. JPMorgan Chase & Co. now owns 386,708 shares of the software maker's stock worth $123,217,000 after buying an additional 100,042 shares during the last quarter. Hedge funds and other institutional investors own 92.39% of the company's stock.

Insiders Place Their Bets

In related news, Director Glenda Dorchak sold 200 shares of the stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $336.62, for a total transaction of $67,324.00. Following the completion of the transaction, the director now owns 3,430 shares of the company's stock, valued at approximately $1,154,606.60. This trade represents a 5.51 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.46% of the stock is owned by insiders.

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ANSYS Trading Down 4.7 %

NASDAQ:ANSS traded down $14.68 during trading hours on Thursday, hitting $295.04. The company had a trading volume of 150,333 shares, compared to its average volume of 469,148. ANSYS, Inc. has a 1 year low of $275.06 and a 1 year high of $363.03. The company has a market cap of $25.86 billion, a P/E ratio of 44.91, a P/E/G ratio of 3.48 and a beta of 1.20. The company has a 50-day moving average of $325.30 and a 200 day moving average of $333.14. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 0.12.

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 (EPS) for the quarter, missing the consensus estimate of $3.97 by ($0.32). ANSYS had a return on equity of 12.69% and a net margin of 22.62%. The firm had revenue of $882.17 million for the quarter, compared to analyst estimates of $864.46 million. Sell-side analysts expect that ANSYS, Inc. will post 8.32 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages recently commented on ANSS. Rosenblatt Securities upped their target price on ANSYS from $335.00 to $340.00 and gave the company a "neutral" rating in a research report 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.

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.