Woodline Partners LP Raises Stock Holdings in ANSYS, Inc. (NASDAQ:ANSS)

Woodline Partners LP lifted its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 9.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 105,251 shares of the software maker's stock after buying an additional 9,230 shares during the period. Woodline Partners LP owned approximately 0.12% of ANSYS worth $35,504,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of ANSS. Ameliora Wealth Management Ltd. purchased a new position in shares of ANSYS during the fourth quarter valued at approximately $27,000. Quarry LP grew its position in ANSYS by 1,550.0% in the 4th quarter. Quarry LP now owns 99 shares of the software maker's stock worth $33,000 after purchasing an additional 93 shares during the period. Assetmark Inc. grew its position in ANSYS by 468.2% in the 4th quarter. Assetmark Inc. now owns 125 shares of the software maker's stock worth $42,000 after purchasing an additional 103 shares during the period. Millstone Evans Group LLC purchased a new stake in ANSYS during the 4th quarter valued at $42,000. Finally, Kapitalo Investimentos Ltda bought a new position in shares of ANSYS during the 4th quarter valued at $43,000. Hedge funds and other institutional investors own 92.39% of the company's stock.

ANSYS Price Performance

NASDAQ:ANSS traded down $1.48 during trading hours on Monday, hitting $342.17. 429,409 shares of the stock traded hands, compared to its average volume of 496,015. The company has a market cap of $30.08 billion, a price-to-earnings ratio of 52.24, a price-to-earnings-growth ratio of 3.48 and a beta of 1.21. ANSYS, Inc. has a 1 year low of $275.06 and a 1 year high of $363.03. The stock has a 50 day moving average price of $319.35 and a 200 day moving average price of $332.95. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.12.

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). ANSYS had a net margin of 22.62% and a return on equity of 12.69%. The business had revenue of $504.89 million for the quarter, compared to the consensus estimate of $516.81 million. During the same period in the prior year, the business earned $1.39 earnings per share. ANSYS's revenue was up 8.2% compared to the same quarter last year. Sell-side analysts forecast that ANSYS, Inc. will post 8.32 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently commented on ANSS. Wall Street Zen cut ANSYS from a "buy" rating to a "hold" rating in a research report on Wednesday, May 7th. Rosenblatt Securities upped 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.

Insider Buying and Selling at ANSYS

In other ANSYS 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 transaction of $60,002.00. Following the completion of the transaction, the director now owns 3,230 shares of the company's stock, valued at $969,032.30. This represents a 5.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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.