Kintayl Capital LP Has $8.15 Million Holdings in ANSYS, Inc. (NASDAQ:ANSS)

Kintayl Capital LP trimmed its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 14.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,730 shares of the software maker's stock after selling 4,257 shares during the quarter. ANSYS accounts for about 5.8% of Kintayl Capital LP's holdings, making the stock its 5th largest position. Kintayl Capital LP's holdings in ANSYS were worth $8,145,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Proficio Capital Partners LLC bought a new position in ANSYS during the fourth quarter valued at $353,000. Raymond James Financial Inc. bought a new position in ANSYS during the fourth quarter valued at $10,408,000. Independent Advisor Alliance grew its holdings in ANSYS by 16.0% during the fourth quarter. Independent Advisor Alliance now owns 993 shares of the software maker's stock valued at $335,000 after purchasing an additional 137 shares during the period. HighTower Advisors LLC grew its holdings in ANSYS by 2.4% during the fourth quarter. HighTower Advisors LLC now owns 18,145 shares of the software maker's stock valued at $6,121,000 after purchasing an additional 433 shares during the period. Finally, Sequoia Financial Advisors LLC grew its holdings in ANSYS by 14.1% during the fourth quarter. Sequoia Financial Advisors LLC now owns 1,716 shares of the software maker's stock valued at $579,000 after purchasing an additional 212 shares during the period. 92.39% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on ANSS shares. Wall Street Zen lowered ANSYS from a "buy" rating to a "hold" rating in a report on Wednesday, May 7th. Baird R W lowered ANSYS from a "strong-buy" rating to a "hold" rating in a report on Monday. Finally, Robert W. Baird set a $396.00 price target on ANSYS in a report on Monday.

ANSYS Stock Performance

Shares of ANSYS stock remained flat at $374.30 during trading hours on Friday. ANSYS, Inc. has a twelve month low of $275.06 and a twelve month high of $395.49. The business has a 50-day moving average of $348.46 and a 200 day moving average of $334.75. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.66 and a quick ratio of 3.66. The company has a market capitalization of $32.91 billion, a PE ratio of 55.53, a price-to-earnings-growth ratio of 3.85 and a beta of 1.19.

ANSYS (NASDAQ:ANSS - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The software maker reported $1.64 EPS for the quarter, missing analysts' consensus estimates of $1.75 by ($0.11). The company 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 12.38% and a net margin of 22.95%. ANSYS's revenue was up 8.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.39 earnings per share. Research analysts anticipate 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.