Man Group plc Sells 2,244 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Man Group plc trimmed its position in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 4.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 44,878 shares of the software maker's stock after selling 2,244 shares during the period. Man Group plc owned 0.05% of ANSYS worth $15,139,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Ameliora Wealth Management Ltd. bought a new stake in ANSYS in the 4th quarter valued at $27,000. Quarry LP lifted its holdings in shares of ANSYS by 1,550.0% in the fourth quarter. Quarry LP now owns 99 shares of the software maker's stock worth $33,000 after acquiring an additional 93 shares during the last quarter. Assetmark Inc. grew its holdings in shares of ANSYS by 468.2% during the fourth quarter. Assetmark Inc. now owns 125 shares of the software maker's stock worth $42,000 after purchasing an additional 103 shares during the last quarter. Millstone Evans Group LLC acquired a new position in ANSYS during the 4th quarter worth about $42,000. Finally, Kapitalo Investimentos Ltda acquired a new position in ANSYS in the fourth quarter valued at $43,000. Institutional investors and hedge funds own 92.39% of the company's stock.

Insiders Place Their Bets

In related news, Director Glenda Dorchak sold 200 shares of the firm's 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 transaction, the director now directly owns 3,230 shares of the company's stock, valued at $969,032.30. This trade represents a 5.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.61% of the company's stock.

ANSYS Stock Down 0.9%

ANSS traded down $3.00 during trading on Wednesday, hitting $343.00. 690,981 shares of the company's stock were exchanged, compared to its average volume of 495,254. ANSYS, Inc. has a fifty-two week low of $275.06 and a fifty-two week high of $363.03. The stock has a market cap of $30.16 billion, a P/E ratio of 52.37, a PEG ratio of 3.48 and a beta of 1.21. The business's 50 day moving average is $318.21 and its two-hundred day moving average is $332.79. 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 earnings results on Wednesday, April 30th. The software maker reported $1.64 earnings per share for the quarter, missing analysts' consensus estimates of $1.75 by ($0.11). The business had revenue of $504.89 million during the quarter, compared to analyst estimates of $516.81 million. ANSYS had a return on equity of 12.69% and a net margin of 22.62%. The company's revenue was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.39 EPS. As a group, equities analysts expect that ANSYS, Inc. will post 8.32 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ANSS. Rosenblatt Securities lifted their price objective on ANSYS from $335.00 to $340.00 and gave the stock a "neutral" rating in a research report on Friday, February 21st. StockNews.com downgraded shares of ANSYS from a "buy" rating to a "hold" rating in a research report on Wednesday, May 7th.

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.