USS Investment Management Ltd Trims Holdings in ANSYS, Inc. (NASDAQ:ANSS)

USS Investment Management Ltd lessened its stake in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 8.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 23,779 shares of the software maker's stock after selling 2,245 shares during the quarter. USS Investment Management Ltd's holdings in ANSYS were worth $8,025,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in ANSS. Woodline Partners LP grew its stake in shares of ANSYS by 9.6% in the 4th quarter. Woodline Partners LP now owns 105,251 shares of the software maker's stock worth $35,504,000 after purchasing an additional 9,230 shares during the last quarter. Vident Advisory LLC grew its position in ANSYS by 47.7% during the 4th quarter. Vident Advisory LLC now owns 3,363 shares of the software maker's stock worth $1,135,000 after purchasing an additional 1,086 shares in the last quarter. Sone Capital Management LLC acquired a new stake in ANSYS during the 4th quarter valued at $13,063,000. WBI Investments LLC acquired a new stake in shares of ANSYS during the 4th quarter valued at $847,000. Finally, Tybourne Capital Management HK Ltd. purchased a new position in ANSYS in the fourth quarter valued at about $3,960,000. 92.39% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other 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 completion of the transaction, the director now owns 3,230 shares of the company's stock, valued at approximately $969,032.30. This represents a 5.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.61% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on ANSS shares. Rosenblatt Securities lifted their price target on shares of ANSYS from $335.00 to $340.00 and gave the company a "neutral" rating in a research report on Friday, February 21st. Wall Street Zen downgraded ANSYS from a "buy" rating to a "hold" rating in a research report on Wednesday, May 7th.

ANSYS Price Performance

Shares of ANSS traded down $1.48 during mid-day trading on Friday, hitting $342.17. 429,409 shares of the company traded hands, compared to its average volume of 496,015. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $30.08 billion, a price-to-earnings ratio of 52.24, a PEG ratio of 3.48 and a beta of 1.21. The business has a 50-day moving average of $319.35 and a 200 day moving average of $333.11. ANSYS, Inc. has a one year low of $275.06 and a one year high of $363.03.

ANSYS (NASDAQ:ANSS - Get Free Report) last issued 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 net margin of 22.62% and a return on equity of 12.69%. The firm had revenue of $504.89 million for the quarter, compared to analyst estimates of $516.81 million. During the same quarter in the prior year, the firm posted $1.39 EPS. The firm's revenue for the quarter was up 8.2% compared to the same quarter last year. As a group, equities 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.