Balyasny Asset Management L.P. Lowers Holdings in ANSYS, Inc. (NASDAQ:ANSS)

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

Other large investors have also added to or reduced their stakes in the company. Capital Research Global Investors bought a new stake in ANSYS in the fourth quarter worth $695,129,000. Norges Bank purchased a new position in shares of ANSYS in the 4th quarter worth $615,566,000. FIL Ltd increased its holdings in shares of ANSYS by 32.5% in the 4th quarter. FIL Ltd now owns 2,086,177 shares of the software maker's stock worth $703,730,000 after buying an additional 511,557 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of ANSYS during the 4th quarter valued at about $119,140,000. Finally, Northern Trust Corp lifted its holdings in shares of ANSYS by 14.9% in the 4th quarter. Northern Trust Corp now owns 1,043,975 shares of the software maker's stock valued at $352,164,000 after acquiring an additional 135,400 shares during the last quarter. Institutional investors own 92.39% of the company's stock.

Wall Street Analyst Weigh In

ANSS has been the topic of a number of recent research reports. Rosenblatt Securities upped their price objective on ANSYS from $335.00 to $340.00 and gave the company a "neutral" rating in a research report on Friday, February 21st. StockNews.com downgraded ANSYS from a "buy" rating to a "hold" rating in a research report on Wednesday.

ANSYS Trading Down 0.2 %

NASDAQ ANSS traded down $0.67 during trading on Friday, hitting $333.78. The stock had a trading volume of 368,213 shares, compared to its average volume of 487,910. 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 stock has a market capitalization of $29.34 billion, a price-to-earnings ratio of 50.96, a P/E/G ratio of 3.48 and a beta of 1.21. The stock has a 50 day simple moving average of $314.85 and a 200 day simple moving average of $331.72.

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 analysts' consensus estimates of $1.75 by ($0.11). The firm had revenue of $504.89 million for the quarter, compared to the consensus estimate of $516.81 million. ANSYS had a net margin of 22.62% and a return on equity of 12.69%. The company's revenue for the quarter was up 8.2% on a year-over-year basis. During the same period last year, the firm earned $1.39 earnings per share. Sell-side analysts predict that ANSYS, Inc. will post 8.32 earnings per share for the current year.

Insider Transactions at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the firm'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 transaction, the director now owns 3,230 shares of the company's stock, valued at approximately $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 accessible through the SEC website. Insiders own 0.46% of the company's stock.

ANSYS Company 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.