D. E. Shaw & Co. Inc. Cuts Stake in ANSYS, Inc. (NASDAQ:ANSS)

D. E. Shaw & Co. Inc. lowered its stake in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 91.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,148 shares of the software maker's stock after selling 35,278 shares during the quarter. D. E. Shaw & Co. Inc.'s holdings in ANSYS were worth $1,062,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Ameliora Wealth Management Ltd. bought a new stake in ANSYS during the 4th quarter valued at $27,000. Quarry LP increased its stake in ANSYS by 1,550.0% during the 4th quarter. Quarry LP now owns 99 shares of the software maker's stock valued at $33,000 after purchasing an additional 93 shares in the last quarter. Assetmark Inc. increased its stake in ANSYS by 468.2% during the 4th quarter. Assetmark Inc. now owns 125 shares of the software maker's stock valued at $42,000 after purchasing an additional 103 shares in the last quarter. Millstone Evans Group LLC bought a new stake in ANSYS during the 4th quarter valued at $42,000. Finally, Kapitalo Investimentos Ltda bought a new stake in ANSYS during the 4th quarter valued at $43,000. Institutional investors own 92.39% of the company's stock.

ANSYS Stock Up 0.3%

Shares of NASDAQ ANSS traded up $1.10 during trading on Thursday, hitting $331.03. The stock had a trading volume of 366,618 shares, compared to its average volume of 503,091. ANSYS, Inc. has a 12 month low of $275.06 and a 12 month high of $363.03. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.01 and a quick ratio of 3.01. The company has a market capitalization of $29.10 billion, a PE ratio of 50.54, a PEG ratio of 3.48 and a beta of 1.21. The firm has a fifty day moving average of $320.32 and a two-hundred day moving average of $333.04.

ANSYS (NASDAQ:ANSS - Get Free Report) last posted its 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 return on equity of 12.69% and a net margin of 22.62%. The firm had revenue of $504.89 million during the quarter, compared to the consensus estimate of $516.81 million. During the same quarter in the previous year, the company earned $1.39 EPS. The business's revenue was up 8.2% compared to the same quarter last year. As a group, equities research analysts forecast that ANSYS, Inc. will post 8.32 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

Insider Transactions at ANSYS

In other news, Director Glenda Dorchak sold 200 shares of the company's stock in a transaction on 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 sale, the director now owns 3,230 shares in the company, valued at $969,032.30. This represents a 5.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company 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.