Cubist Systematic Strategies LLC Purchases 3,863 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Cubist Systematic Strategies LLC boosted its stake in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 227.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,563 shares of the software maker's stock after purchasing an additional 3,863 shares during the quarter. Cubist Systematic Strategies LLC's holdings in ANSYS were worth $1,877,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. FNY Investment Advisers LLC raised its stake in ANSYS by 78.7% in the fourth 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 in the last quarter. Oak Thistle LLC bought a new position in ANSYS in the fourth quarter valued at about $255,000. Ulland Investment Advisors LLC grew its position in ANSYS by 107.6% in the fourth 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 during the last quarter. CCLA Investment Management grew its position in ANSYS by 11.9% in the fourth 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 during the last quarter. Finally, Alpine Associates Management Inc. grew its position in ANSYS by 8.2% in the fourth 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 during the last quarter. Institutional investors and hedge funds own 92.39% of the company's stock.

Insider Transactions at ANSYS

In related news, Director Glenda Dorchak sold 200 shares of the company's stock in a transaction 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 completion of the sale, the director now 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 filing with the SEC, which can be accessed through this link. 0.61% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on ANSS shares. Rosenblatt Securities lifted their target price 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 cut ANSYS from a "buy" rating to a "hold" rating in a report on Wednesday, May 7th.

ANSYS Trading Down 1.3%

ANSS traded down $4.35 during trading on Thursday, hitting $343.52. The company's stock had a trading volume of 947,440 shares, compared to its average volume of 492,415. ANSYS, Inc. has a twelve month low of $275.06 and a twelve month high of $363.03. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.12. The stock's fifty day moving average price is $316.09 and its 200-day moving average price is $332.16. The firm has a market capitalization of $30.20 billion, a P/E ratio of 52.45, a PEG ratio of 3.48 and a beta of 1.21.

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