Bardin Hill Management Partners LP lowered its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 34.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,173 shares of the software maker's stock after selling 6,490 shares during the period. ANSYS makes up 2.0% of Bardin Hill Management Partners LP's investment portfolio, making the stock its 12th largest holding. Bardin Hill Management Partners LP's holdings in ANSYS were worth $4,106,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of ANSYS by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 10,643,766 shares of the software maker's stock worth $3,590,462,000 after acquiring an additional 78,730 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of ANSYS by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 2,363,744 shares of the software maker's stock worth $796,033,000 after acquiring an additional 58,190 shares during the period. FIL Ltd increased its position in ANSYS by 32.5% during the fourth quarter. FIL Ltd now owns 2,086,177 shares of the software maker's stock valued at $703,730,000 after acquiring an additional 511,557 shares during the last quarter. Capital Research Global Investors bought a new position in ANSYS in the fourth quarter valued at about $695,129,000. Finally, Norges Bank purchased a new position in ANSYS in the fourth quarter worth about $615,566,000. Hedge funds and other institutional investors own 92.39% of the company's stock.
ANSYS Price Performance
Shares of ANSYS stock traded down $1.21 during trading on Friday, reaching $333.24. 156,299 shares of the stock traded hands, compared to its average volume of 484,880. 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 company has a market capitalization of $29.30 billion, a price-to-earnings ratio of 50.88, a P/E/G ratio of 3.48 and a beta of 1.21. ANSYS, Inc. has a 52-week low of $275.06 and a 52-week high of $363.03. The business has a fifty day simple moving average of $314.64 and a two-hundred day simple moving average of $331.59.
ANSYS (NASDAQ:ANSS - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The software maker reported $1.64 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 previous year, the firm earned $1.39 EPS. The business's revenue was up 8.2% compared to the same quarter last year. Sell-side analysts expect that ANSYS, Inc. will post 8.32 EPS for the current year.
Wall Street Analyst Weigh In
ANSS has been the subject of several research reports. StockNews.com lowered shares of ANSYS from a "buy" rating to a "hold" rating in a research report on Wednesday. Rosenblatt Securities lifted their price target on shares of ANSYS from $335.00 to $340.00 and gave the company a "neutral" rating in a report on Friday, February 21st.
Get Our Latest Stock Report on ANSS
Insider Activity at ANSYS
In other ANSYS news, Director Glenda Dorchak sold 200 shares of ANSYS stock in a transaction on Monday, April 14th. The stock was sold at an average price of $300.01, for a total transaction of $60,002.00. Following the completion of the sale, the director now directly owns 3,230 shares of the company's stock, valued at $969,032.30. The trade was a 5.83 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.46% of the stock is owned by company insiders.
About ANSYS
(
Free Report)
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.
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