Ninety One North America Inc. Sells 36,167 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Ninety One North America Inc. reduced its holdings in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 65.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,263 shares of the software maker's stock after selling 36,167 shares during the period. Ninety One North America Inc.'s holdings in ANSYS were worth $6,098,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Quarry LP increased its position in shares of ANSYS by 1,550.0% during the fourth quarter. Quarry LP now owns 99 shares of the software maker's stock valued at $33,000 after purchasing an additional 93 shares during the period. NBC Securities Inc. acquired a new position in ANSYS in the first quarter worth $31,000. Assetmark Inc. lifted its stake in shares of ANSYS by 468.2% during the fourth quarter. Assetmark Inc. now owns 125 shares of the software maker's stock valued at $42,000 after acquiring an additional 103 shares during the period. Millstone Evans Group LLC acquired a new position in shares of ANSYS during the fourth quarter valued at $42,000. Finally, Kapitalo Investimentos Ltda acquired a new position in shares of ANSYS during the fourth quarter valued at $43,000. 92.39% of the stock is owned by institutional investors.

ANSYS Trading Up 2.1%

NASDAQ:ANSS traded up $7.65 during mid-day trading on Thursday, hitting $374.52. The company had a trading volume of 1,126,888 shares, compared to its average volume of 526,087. ANSYS, Inc. has a fifty-two week low of $275.06 and a fifty-two week high of $374.75. The business's fifty day moving average is $341.80 and its two-hundred day moving average is $333.05. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.66 and a current ratio of 3.66. The firm has a market cap of $32.93 billion, a P/E ratio of 55.57, a P/E/G ratio of 3.77 and a beta of 1.19.

ANSYS (NASDAQ:ANSS - Get Free Report) last released its earnings results on Wednesday, April 30th. The software maker reported $1.64 earnings per share for the quarter, missing the consensus estimate of $1.75 by ($0.11). ANSYS had a net margin of 22.95% and a return on equity of 12.38%. The company had revenue of $504.89 million during the quarter, compared to analyst estimates of $516.81 million. During the same period in the previous year, the company posted $1.39 EPS. The company's quarterly revenue was up 8.2% compared to the same quarter last year. As a group, research analysts expect that ANSYS, Inc. will post 8.32 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

Insider Activity at ANSYS

In related news, Director Glenda Dorchak sold 200 shares of the stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $300.01, for a total transaction of $60,002.00. Following the completion of the transaction, the director directly owned 3,230 shares in the company, valued at approximately $969,032.30. This trade represents a 5.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.61% of the stock is currently owned by corporate insiders.

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.