AlphaQuest LLC Cuts Stock Holdings in ANSYS, Inc. (NASDAQ:ANSS)

AlphaQuest LLC trimmed its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) by 46.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,950 shares of the software maker’s stock after selling 2,542 shares during the period. AlphaQuest LLC’s holdings in ANSYS were worth $995,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Van ECK Associates Corp lifted its position in ANSYS by 28.3% during the third quarter. Van ECK Associates Corp now owns 1,012 shares of the software maker’s stock valued at $326,000 after purchasing an additional 223 shares during the last quarter. Impax Asset Management Group plc lifted its position in ANSYS by 8.0% during the third quarter. Impax Asset Management Group plc now owns 603,394 shares of the software maker’s stock valued at $192,259,000 after purchasing an additional 44,605 shares during the last quarter. Verdence Capital Advisors LLC lifted its position in ANSYS by 2.7% during the third quarter. Verdence Capital Advisors LLC now owns 1,597 shares of the software maker’s stock valued at $509,000 after purchasing an additional 42 shares during the last quarter. Versor Investments LP lifted its position in ANSYS by 12.0% during the third quarter. Versor Investments LP now owns 26,225 shares of the software maker’s stock valued at $8,356,000 after purchasing an additional 2,819 shares during the last quarter. Finally, GSA Capital Partners LLP bought a new position in ANSYS during the third quarter valued at $451,000. 92.39% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at ANSYS

In related news, Director Glenda Dorchak sold 200 shares of ANSYS stock in a transaction dated 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 sale, the director now owns 3,430 shares in the company, valued at $1,154,606.60. This trade represents a 5.51 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.46% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Rosenblatt Securities increased their price objective on shares of ANSYS from $335.00 to $340.00 and gave the company a “neutral” rating in a research report on Friday, February 21st. StockNews.com upgraded shares of ANSYS from a “hold” rating to a “buy” rating in a research report on Friday, February 21st.

ANSYS Price Performance

ANSYS stock opened at $318.71 on Tuesday. The firm has a 50-day moving average price of $340.10 and a 200-day moving average price of $333.72. The firm has a market capitalization of $27.94 billion, a PE ratio of 48.66, a price-to-earnings-growth ratio of 3.48 and a beta of 1.11. 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.

ANSYS (NASDAQ:ANSS) last released its earnings results 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). 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%. As a group, equities research analysts forecast that ANSYS, Inc. will post 8.32 EPS for the current year.

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.