Riverbridge Partners LLC Sells 17,472 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Riverbridge Partners LLC cut its holdings in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 5.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 330,726 shares of the software maker's stock after selling 17,472 shares during the period. ANSYS accounts for 1.7% of Riverbridge Partners LLC's holdings, making the stock its 18th biggest holding. Riverbridge Partners LLC owned 0.38% of ANSYS worth $104,695,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Meiji Yasuda Asset Management Co Ltd. lifted its holdings in ANSYS by 2.8% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,298 shares of the software maker's stock worth $438,000 after purchasing an additional 35 shares in the last quarter. Summerhill Capital Management lnc. lifted its holdings in ANSYS by 0.6% in the 4th quarter. Summerhill Capital Management lnc. now owns 6,139 shares of the software maker's stock worth $2,071,000 after purchasing an additional 36 shares in the last quarter. Tsai Capital Corp lifted its holdings in ANSYS by 0.5% in the 4th quarter. Tsai Capital Corp now owns 8,945 shares of the software maker's stock worth $3,017,000 after purchasing an additional 41 shares in the last quarter. First Manhattan CO. LLC. lifted its holdings in ANSYS by 1.4% in the 4th quarter. First Manhattan CO. LLC. now owns 3,043 shares of the software maker's stock worth $1,026,000 after purchasing an additional 43 shares in the last quarter. Finally, SRS Capital Advisors Inc. lifted its holdings in ANSYS by 1.3% in the 4th quarter. SRS Capital Advisors Inc. now owns 3,577 shares of the software maker's stock worth $1,207,000 after purchasing an additional 46 shares in the last quarter. 92.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

ANSYS Price Performance

NASDAQ:ANSS traded up $0.04 during trading hours on Monday, reaching $335.00. The stock had a trading volume of 470,220 shares, compared to its average volume of 522,164. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.66 and a current ratio of 3.66. ANSYS, Inc. has a 52 week low of $275.06 and a 52 week high of $363.03. The company has a 50 day moving average price of $331.07 and a two-hundred day moving average price of $331.74. The stock has a market capitalization of $29.45 billion, a PE ratio of 49.70, a PEG ratio of 3.44 and a beta of 1.19.

ANSYS (NASDAQ:ANSS - Get Free Report) last released its quarterly earnings data 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 12.38% and a net margin of 22.95%. The firm had revenue of $504.89 million during the quarter, compared to the consensus estimate of $516.81 million. During the same period in the previous year, the firm earned $1.39 EPS. The business's revenue was up 8.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that ANSYS, Inc. will post 8.32 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other ANSYS news, Director Glenda Dorchak sold 200 shares of ANSYS stock in a transaction that occurred on Monday, April 14th. The stock was 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. The trade was a 5.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.61% of the company's stock.

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.