Sona Asset Management US LLC Has $28.80 Million Stock Position in ANSYS, Inc. (NASDAQ:ANSS)

Sona Asset Management US LLC boosted its holdings in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 46.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 85,377 shares of the software maker's stock after buying an additional 27,145 shares during the quarter. ANSYS accounts for about 1.1% of Sona Asset Management US LLC's investment portfolio, making the stock its 27th largest position. Sona Asset Management US LLC owned approximately 0.10% of ANSYS worth $28,800,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the business. Rafferty Asset Management LLC grew its position in ANSYS by 1.6% during the 4th quarter. Rafferty Asset Management LLC now owns 68,308 shares of the software maker's stock worth $23,042,000 after purchasing an additional 1,107 shares in the last quarter. Raiffeisen Bank International AG purchased a new position in ANSYS during the 4th quarter worth approximately $48,253,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in ANSYS during the 4th quarter worth approximately $4,228,000. ProShare Advisors LLC grew its position in ANSYS by 19.3% during the 4th quarter. ProShare Advisors LLC now owns 117,553 shares of the software maker's stock worth $39,654,000 after purchasing an additional 19,029 shares in the last quarter. Finally, Quantinno Capital Management LP grew its position in ANSYS by 29.9% during the 4th quarter. Quantinno Capital Management LP now owns 4,065 shares of the software maker's stock worth $1,371,000 after purchasing an additional 936 shares in the last quarter. Institutional investors and hedge funds own 92.39% of the company's stock.

Insider Activity at ANSYS

In related news, Director Glenda Dorchak sold 200 shares of the business's stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $300.01, for a total transaction of $60,002.00. Following the transaction, the director now directly owns 3,230 shares in the company, valued at $969,032.30. The trade was a 5.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.61% of the company's stock.

ANSYS Stock Performance

Shares of ANSYS stock traded down $2.65 during trading on Monday, reaching $343.98. The company's stock had a trading volume of 771,102 shares, compared to its average volume of 494,535. ANSYS, Inc. has a one year low of $275.06 and a one year high of $363.03. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.01 and a current ratio of 3.01. The firm has a market cap of $30.24 billion, a price-to-earnings ratio of 52.52, a price-to-earnings-growth ratio of 3.48 and a beta of 1.21. The business's fifty day moving average price is $317.11 and its 200-day moving average price is $332.55.

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

Analyst Ratings Changes

ANSS has been the topic of several research analyst reports. StockNews.com cut shares of ANSYS from a "buy" rating to a "hold" rating in a research report on Wednesday, May 7th. Rosenblatt Securities increased their price objective on ANSYS from $335.00 to $340.00 and gave the stock a "neutral" rating in a report on Friday, February 21st.

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.