ANSYS, Inc. (NASDAQ:ANSS) Shares Sold by Quinn Opportunity Partners LLC

Quinn Opportunity Partners LLC trimmed its holdings in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 14.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 24,190 shares of the software maker's stock after selling 4,111 shares during the period. Quinn Opportunity Partners LLC's holdings in ANSYS were worth $8,160,000 at the end of the most recent reporting period.

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

ANSYS Stock Up 2.0 %

Shares of ANSYS stock traded up $5.79 during trading hours on Monday, hitting $302.10. 561,304 shares of the company's stock traded hands, compared to its average volume of 472,505. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.12. ANSYS, Inc. has a twelve month low of $275.06 and a twelve month high of $363.03. The stock has a 50 day simple moving average of $323.28 and a 200-day simple moving average of $332.84. The company has a market cap of $26.48 billion, a PE ratio of 46.12, a PEG ratio of 3.48 and a beta of 1.20.

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ANSYS (NASDAQ:ANSS - Get Free Report) last issued its quarterly earnings results 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). ANSYS had a return on equity of 12.69% and a net margin of 22.62%. The company had revenue of $882.17 million during the quarter, compared to the consensus estimate of $864.46 million. Equities research analysts anticipate that ANSYS, Inc. will post 8.32 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ANSS has been the topic of several research 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 report on Friday, February 21st. StockNews.com lowered ANSYS from a "buy" rating to a "hold" rating in a research report on Friday, March 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.