Cresset Asset Management LLC Has $1.32 Million Stock Holdings in ANSYS, Inc. (NASDAQ:ANSS)

Cresset Asset Management LLC reduced its stake in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 56.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,901 shares of the software maker's stock after selling 5,141 shares during the quarter. Cresset Asset Management LLC's holdings in ANSYS were worth $1,316,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in ANSS. Stock Yards Bank & Trust Co. raised its stake in ANSYS by 1.3% in the 4th quarter. Stock Yards Bank & Trust Co. now owns 2,275 shares of the software maker's stock valued at $767,000 after purchasing an additional 30 shares during the last quarter. Greenleaf Trust grew its holdings in ANSYS by 0.9% in the 4th quarter. Greenleaf Trust now owns 3,651 shares of the software maker's stock valued at $1,232,000 after buying an additional 32 shares during the period. Koshinski Asset Management Inc. lifted its holdings in shares of ANSYS by 0.8% during the 4th quarter. Koshinski Asset Management Inc. now owns 4,367 shares of the software maker's stock worth $1,473,000 after acquiring an additional 34 shares during the period. Meiji Yasuda Asset Management Co Ltd. grew its holdings in ANSYS by 2.8% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,298 shares of the software maker's stock valued at $438,000 after purchasing an additional 35 shares during the period. Finally, BTC Capital Management Inc. raised its stake in ANSYS by 2.5% during the fourth quarter. BTC Capital Management Inc. now owns 1,499 shares of the software maker's stock worth $506,000 after purchasing an additional 36 shares during the period. 92.39% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. StockNews.com cut shares of ANSYS from a "buy" rating to a "hold" rating in a research note on Wednesday, May 7th. Rosenblatt Securities lifted their price objective on ANSYS from $335.00 to $340.00 and gave the company a "neutral" rating in a research note on Friday, February 21st.

Insider Activity at ANSYS

In related news, Director Glenda Dorchak sold 200 shares of the stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $300.01, for a total value of $60,002.00. Following the sale, the director now owns 3,230 shares of the company's stock, valued at $969,032.30. This trade represents a 5.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.61% of the company's stock.

ANSYS Stock Down 1.3%

Shares of ANSS stock traded down $4.35 during trading hours on Thursday, reaching $343.52. The company had a trading volume of 947,440 shares, compared to its average volume of 492,415. The company has a market capitalization of $30.20 billion, a P/E ratio of 52.45, a price-to-earnings-growth ratio of 3.48 and a beta of 1.21. ANSYS, Inc. has a twelve month low of $275.06 and a twelve month high of $363.03. The stock's fifty day simple moving average is $316.09 and its 200 day simple moving average is $332.16. 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 released its quarterly earnings results on Wednesday, April 30th. The software maker reported $1.64 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts' expectations of $516.81 million. During the same period last year, the firm earned $1.39 EPS. The business's quarterly revenue was up 8.2% on a year-over-year basis. As a group, sell-side analysts expect that ANSYS, Inc. will post 8.32 earnings per share for the current fiscal year.

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.