ANSYS, Inc. (NASDAQ:ANSS) Shares Sold by Platinum Investment Management Ltd.

Platinum Investment Management Ltd. reduced its holdings in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 54.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,182 shares of the software maker's stock after selling 1,438 shares during the period. Platinum Investment Management Ltd.'s holdings in ANSYS were worth $399,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of ANSS. GSA Capital Partners LLP bought a new stake in ANSYS during the third quarter worth about $451,000. OneDigital Investment Advisors LLC boosted its holdings in ANSYS by 3.0% in the third quarter. OneDigital Investment Advisors LLC now owns 1,285 shares of the software maker's stock valued at $409,000 after acquiring an additional 37 shares during the last quarter. Empowered Funds LLC raised its stake in ANSYS by 23.3% during the third quarter. Empowered Funds LLC now owns 1,467 shares of the software maker's stock worth $467,000 after buying an additional 277 shares during the last quarter. Natixis Advisors LLC lifted its stake in shares of ANSYS by 14.5% in the 3rd quarter. Natixis Advisors LLC now owns 70,144 shares of the software maker's stock valued at $22,350,000 after purchasing an additional 8,908 shares during the period. Finally, MAI Capital Management bought a new stake in shares of ANSYS in the 3rd quarter valued at $476,000. Institutional investors own 92.39% of the company's stock.

ANSYS Price Performance

ANSS traded down $0.43 during trading hours on Friday, hitting $324.20. The company's stock had a trading volume of 552,562 shares, compared to its average volume of 427,788. The business's 50-day moving average price is $337.11 and its 200-day moving average price is $333.83. 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, Inc. has a 12 month low of $289.82 and a 12 month high of $363.03. The stock has a market cap of $28.42 billion, a price-to-earnings ratio of 49.50, a P/E/G ratio of 3.48 and a beta of 1.11.

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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 EPS for the quarter, missing analysts' consensus estimates of $3.97 by ($0.32). The firm had revenue of $882.17 million during 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 expect 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 several recent analyst reports. Rosenblatt Securities raised their price objective on ANSYS from $335.00 to $340.00 and gave the company a "neutral" rating in a research note on Friday, February 21st. StockNews.com cut shares of ANSYS from a "buy" rating to a "hold" rating in a research note on Friday.

Insider Transactions at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the 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 completion of the transaction, the director now directly 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.46% of the company's stock.

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.