ANSYS, Inc. (NASDAQ:ANSS) Stake Lowered by Bamco Inc. NY

Bamco Inc. NY trimmed its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 12.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,416,224 shares of the software maker's stock after selling 196,038 shares during the period. ANSYS comprises approximately 1.2% of Bamco Inc. NY's holdings, making the stock its 15th biggest holding. Bamco Inc. NY owned 1.62% of ANSYS worth $477,735,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Ameliora Wealth Management Ltd. acquired a new stake in shares of ANSYS during the fourth quarter valued at $27,000. Quarry LP grew its holdings in shares of ANSYS by 1,550.0% during the fourth quarter. Quarry LP now owns 99 shares of the software maker's stock worth $33,000 after buying an additional 93 shares in the last quarter. Assetmark Inc. raised its position in shares of ANSYS by 468.2% in the fourth quarter. Assetmark Inc. now owns 125 shares of the software maker's stock valued at $42,000 after buying an additional 103 shares during the last quarter. Millstone Evans Group LLC acquired a new position in shares of ANSYS in the fourth quarter valued at approximately $42,000. Finally, Kapitalo Investimentos Ltda acquired a new stake in ANSYS during the fourth quarter worth approximately $43,000. Hedge funds and other institutional investors own 92.39% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. StockNews.com downgraded ANSYS from a "buy" rating to a "hold" rating in a report on Wednesday. Rosenblatt Securities increased their target price on ANSYS from $335.00 to $340.00 and gave the stock a "neutral" rating in a research 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 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. This represents a 5.83 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.46% of the company's stock.

ANSYS Stock Down 0.2 %

NASDAQ:ANSS traded down $0.79 during mid-day trading on Friday, hitting $333.66. The company had a trading volume of 168,593 shares, compared to its average volume of 484,932. The firm has a market capitalization of $29.33 billion, a price-to-earnings ratio of 50.94, a PEG ratio of 3.48 and a beta of 1.21. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 0.12. ANSYS, Inc. has a 1 year low of $275.06 and a 1 year high of $363.03. The business has a fifty day simple moving average of $314.64 and a 200-day simple moving average of $331.59.

ANSYS (NASDAQ:ANSS - Get Free Report) last announced its earnings results 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 business had revenue of $504.89 million for the quarter, compared to analysts' expectations of $516.81 million. During the same period in the previous year, the firm posted $1.39 earnings per share. The firm's revenue was up 8.2% compared to the same quarter last year. Equities analysts forecast that ANSYS, Inc. will post 8.32 earnings per share for the current fiscal year.

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.