Aristotle Capital Management LLC Has $1.19 Billion Holdings in ANSYS, Inc. (NASDAQ:ANSS)

Aristotle Capital Management LLC lowered its holdings in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 1.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,542,025 shares of the software maker's stock after selling 62,180 shares during the quarter. ANSYS accounts for 2.3% of Aristotle Capital Management LLC's holdings, making the stock its 9th largest holding. Aristotle Capital Management LLC owned 4.05% of ANSYS worth $1,194,831,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Wahed Invest LLC grew its position in shares of ANSYS by 4.3% in the 4th quarter. Wahed Invest LLC now owns 2,209 shares of the software maker's stock valued at $745,000 after buying an additional 91 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its holdings in shares of ANSYS by 4.1% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 1,733 shares of the software maker's stock valued at $585,000 after purchasing an additional 69 shares in the last quarter. Rehmann Capital Advisory Group increased its position in ANSYS by 6.9% during the 4th quarter. Rehmann Capital Advisory Group now owns 1,110 shares of the software maker's stock worth $374,000 after purchasing an additional 72 shares in the last quarter. Kapitalo Investimentos Ltda acquired a new stake in shares of ANSYS during the fourth quarter worth $43,000. Finally, Paloma Partners Management Co raised its stake in ANSYS by 17.3% during the fourth quarter. Paloma Partners Management Co now owns 3,415 shares of the software maker's stock worth $1,152,000 after purchasing an additional 504 shares during the period. Hedge funds and other institutional investors own 92.39% of the company's stock.

Analyst Ratings Changes

Several research analysts recently commented on the company. StockNews.com cut ANSYS from a "buy" rating to a "hold" rating in a research note on Wednesday. Rosenblatt Securities lifted their target price on ANSYS from $335.00 to $340.00 and gave the stock a "neutral" rating in a report on Friday, February 21st.

ANSYS Stock Performance

NASDAQ ANSS traded up $9.06 on Thursday, hitting $335.06. 437,539 shares of the stock were exchanged, compared to its average volume of 483,801. The business's fifty day moving average is $314.46 and its 200 day moving average is $331.54. 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 $29.46 billion, a PE ratio of 51.15, 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.

ANSYS (NASDAQ:ANSS - Get Free Report) last announced 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). The business had revenue of $504.89 million during the quarter, compared to analyst estimates of $516.81 million. ANSYS had a net margin of 22.62% and a return on equity of 12.69%. The firm's revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.39 earnings per share. Research analysts anticipate that ANSYS, Inc. will post 8.32 EPS for the current fiscal year.

Insider Activity at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 200 shares of ANSYS stock in a transaction that occurred 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 sale, the director now directly owns 3,230 shares of the company's stock, valued at approximately $969,032.30. The trade was a 5.83 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.46% of the stock is currently owned by insiders.

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.