Balyasny Asset Management L.P. Sells 245,699 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Balyasny Asset Management L.P. reduced its position in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 75.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 81,970 shares of the software maker's stock after selling 245,699 shares during the quarter. Balyasny Asset Management L.P. owned 0.09% of ANSYS worth $27,651,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. FNY Investment Advisers LLC raised its stake in ANSYS by 78.7% during the 4th quarter. FNY Investment Advisers LLC now owns 6,037 shares of the software maker's stock valued at $2,036,000 after purchasing an additional 2,659 shares during the period. Oak Thistle LLC purchased a new position in shares of ANSYS during the 4th quarter valued at $255,000. Ulland Investment Advisors LLC grew its holdings in shares of ANSYS by 107.6% during the 4th quarter. Ulland Investment Advisors LLC now owns 2,635 shares of the software maker's stock valued at $889,000 after acquiring an additional 1,366 shares in the last quarter. CCLA Investment Management grew its holdings in shares of ANSYS by 11.9% during the 4th quarter. CCLA Investment Management now owns 445,891 shares of the software maker's stock valued at $150,381,000 after acquiring an additional 47,331 shares in the last quarter. Finally, Alpine Associates Management Inc. grew its holdings in shares of ANSYS by 8.2% during the 4th quarter. Alpine Associates Management Inc. now owns 443,583 shares of the software maker's stock valued at $149,634,000 after acquiring an additional 33,600 shares in the last quarter. 92.39% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. StockNews.com cut shares of ANSYS from a "buy" rating to a "hold" rating in a report on Wednesday, May 7th. Rosenblatt Securities boosted 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.

Insider Buying and Selling

In related news, Director Glenda Dorchak sold 200 shares of the company's stock in a transaction on Monday, April 14th. The shares were sold at an average price of $300.01, for a total value of $60,002.00. Following the completion of the sale, the director now directly owns 3,230 shares in the company, valued at approximately $969,032.30. This represents a 5.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.46% of the stock is currently owned by corporate insiders.

ANSYS Stock Up 2.7%

Shares of ANSYS stock traded up $9.14 during midday trading on Monday, reaching $342.88. 297,339 shares of the company's stock traded hands, compared to its average volume of 487,305. The company has a market cap of $30.14 billion, a price-to-earnings ratio of 52.32, a price-to-earnings-growth 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 company's 50 day simple moving average is $314.85 and its 200 day simple moving average is $331.79. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.01 and a current ratio of 3.01.

ANSYS (NASDAQ:ANSS - Get Free Report) last issued 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 the consensus estimate of $516.81 million. ANSYS had a return on equity of 12.69% and a net margin of 22.62%. The company's revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.39 earnings per share. Equities analysts expect that ANSYS, Inc. will post 8.32 earnings per share 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.