Marshall Wace LLP Has $24.24 Million Stock Position in ANSYS, Inc. (NASDAQ:ANSS)

Marshall Wace LLP lowered its position in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 9.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 71,859 shares of the software maker's stock after selling 7,221 shares during the quarter. Marshall Wace LLP owned approximately 0.08% of ANSYS worth $24,240,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the company. Ameliora Wealth Management Ltd. acquired a new position in shares of ANSYS in the fourth quarter valued at approximately $27,000. Assetmark Inc. increased its holdings 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 purchasing an additional 103 shares in the last quarter. Millstone Evans Group LLC acquired a new stake 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 in the fourth quarter valued at about $47,000. Finally, Allworth Financial LP raised its position in ANSYS by 33.7% in the 4th quarter. Allworth Financial LP now owns 258 shares of the software maker's stock valued at $92,000 after buying an additional 65 shares during the last quarter. Institutional investors own 92.39% of the company's stock.

ANSYS Stock Performance

NASDAQ ANSS traded up $7.48 during trading on Thursday, reaching $316.08. 451,797 shares of the company's stock were exchanged, compared to its average volume of 480,690. ANSYS, Inc. has a fifty-two week low of $275.06 and a fifty-two week high of $363.03. The stock has a market capitalization of $27.71 billion, a P/E ratio of 48.26, a PEG ratio of 3.48 and a beta of 1.20. The business has a 50 day moving average price of $317.06 and a 200-day moving average price of $331.83. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.01 and a quick ratio of 3.01.

ANSYS (NASDAQ:ANSS - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The software maker reported $3.65 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.97 by ($0.32). The firm had revenue of $882.17 million for the quarter, compared to the consensus estimate of $864.46 million. ANSYS had a return on equity of 12.69% and a net margin of 22.62%. Sell-side analysts forecast that ANSYS, Inc. will post 8.32 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ANSS has been the topic of a number of recent research reports. StockNews.com upgraded shares of ANSYS from a "hold" rating to a "buy" rating in a report on Friday, April 18th. Rosenblatt Securities raised 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.

Insider Buying and Selling

In related news, Director Glenda Dorchak sold 200 shares of the firm's stock in a transaction on Monday, April 14th. The stock was sold at an average price of $300.01, for a total transaction of $60,002.00. Following the completion of the transaction, the director now directly owns 3,230 shares of the company's stock, valued at $969,032.30. This trade represents a 5.83 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.46% of the stock is owned by corporate insiders.

ANSYS 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.