ANSYS, Inc. (NASDAQ:ANSS) is Ownership Capital B.V.'s 3rd Largest Position

Ownership Capital B.V. cut its stake in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 15.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 501,497 shares of the software maker's stock after selling 93,991 shares during the period. ANSYS makes up 7.3% of Ownership Capital B.V.'s investment portfolio, making the stock its 3rd biggest holding. Ownership Capital B.V. owned 0.57% of ANSYS worth $158,754,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in ANSS. Vanguard Group Inc. boosted its position in shares of ANSYS by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 10,643,766 shares of the software maker's stock worth $3,590,462,000 after purchasing an additional 78,730 shares in the last quarter. Geode Capital Management LLC boosted its holdings in ANSYS by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 2,363,744 shares of the software maker's stock worth $796,033,000 after buying an additional 58,190 shares in the last quarter. FIL Ltd grew its position in ANSYS by 32.5% during the fourth 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 period. Capital Research Global Investors purchased a new position in ANSYS in the fourth quarter valued at about $695,129,000. Finally, Norges Bank acquired a new stake in shares of ANSYS during the 4th quarter valued at approximately $615,566,000. 92.39% of the stock is owned by institutional investors and hedge funds.

ANSYS Price Performance

ANSYS stock opened at $374.52 on Friday. The firm has a market capitalization of $32.93 billion, a PE ratio of 55.57, a P/E/G ratio of 3.77 and a beta of 1.19. ANSYS, Inc. has a 52 week low of $275.06 and a 52 week high of $376.76. The firm's 50-day simple moving average is $342.89 and its 200 day simple moving average is $333.29. The company has a quick ratio of 3.66, a current ratio of 3.66 and a debt-to-equity ratio of 0.12.

ANSYS (NASDAQ:ANSS - Get Free Report) last announced 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 22.95% and a return on equity of 12.38%. The business had revenue of $504.89 million during the quarter, compared to analysts' expectations of $516.81 million. During the same period last year, the company earned $1.39 EPS. The firm's revenue for the quarter was up 8.2% on a year-over-year basis. On average, equities research analysts predict that ANSYS, Inc. will post 8.32 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut ANSYS from a "buy" rating to a "hold" rating in a report on Wednesday, May 7th.

Insider Activity

In related news, Director Glenda Dorchak sold 200 shares of the business's 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 completion of the transaction, the director owned 3,230 shares of the company's stock, valued at approximately $969,032.30. The trade was a 5.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.61% of the stock is owned by corporate insiders.

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.

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