Melqart Asset Management UK Ltd Grows Holdings in ANSYS, Inc. (NASDAQ:ANSS)

Melqart Asset Management UK Ltd raised its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 3.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 245,269 shares of the software maker's stock after buying an additional 7,836 shares during the period. ANSYS comprises approximately 10.0% of Melqart Asset Management UK Ltd's portfolio, making the stock its 2nd largest position. Melqart Asset Management UK Ltd owned about 0.28% of ANSYS worth $82,737,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of ANSS. Stock Yards Bank & Trust Co. boosted its position in ANSYS by 1.3% during the 4th quarter. Stock Yards Bank & Trust Co. now owns 2,275 shares of the software maker's stock valued at $767,000 after acquiring an additional 30 shares in the last quarter. Greenleaf Trust increased its stake in ANSYS by 0.9% during the 4th quarter. Greenleaf Trust now owns 3,651 shares of the software maker's stock valued at $1,232,000 after purchasing an additional 32 shares in the last quarter. Koshinski Asset Management Inc. raised its holdings in ANSYS by 0.8% in the fourth quarter. Koshinski Asset Management Inc. now owns 4,367 shares of the software maker's stock worth $1,473,000 after buying an additional 34 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. grew its holdings in shares of ANSYS by 2.8% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,298 shares of the software maker's stock valued at $438,000 after buying an additional 35 shares during the last quarter. Finally, BTC Capital Management Inc. increased its position in shares of ANSYS by 2.5% during the fourth quarter. BTC Capital Management Inc. now owns 1,499 shares of the software maker's stock valued at $506,000 after acquiring an additional 36 shares in the last quarter. Hedge funds and other institutional investors own 92.39% of the company's stock.

Analyst Ratings Changes

ANSS has been the subject of a number of research analyst reports. StockNews.com lowered ANSYS from a "buy" rating to a "hold" rating in a report on Monday. Rosenblatt Securities boosted 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 Activity at ANSYS

In other news, Director Glenda Dorchak sold 200 shares of ANSYS stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $300.01, for a total transaction of $60,002.00. Following the sale, the director now owns 3,230 shares in the company, valued at $969,032.30. This trade represents a 5.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.46% of the stock is owned by corporate insiders.

ANSYS Stock Performance

Shares of NASDAQ:ANSS traded down $2.15 during mid-day trading on Thursday, reaching $319.73. 875,008 shares of the company traded hands, compared to its average volume of 562,604. The company's 50 day moving average price is $315.22 and its 200-day moving average price is $331.68. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.01 and a quick ratio of 3.01. The firm has a market cap of $28.02 billion, a PE ratio of 48.81, a PEG ratio of 3.48 and a beta of 1.20. ANSYS, Inc. has a 52 week low of $275.06 and a 52 week high of $363.03.

ANSYS (NASDAQ:ANSS - Get Free Report) last issued its earnings results on Wednesday, April 30th. The software maker reported $1.64 earnings per share for the quarter, missing the consensus estimate of $1.75 by ($0.11). ANSYS had a return on equity of 12.69% and a net margin of 22.62%. The firm had revenue of $504.89 million during the quarter, compared to the consensus estimate of $516.81 million. During the same period in the prior year, the company posted $1.39 EPS. The company's quarterly revenue was up 8.2% on a year-over-year basis. On average, equities analysts expect that ANSYS, Inc. will post 8.32 EPS for the current fiscal year.

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.