ANSYS, Inc. (NASDAQ:ANSS) Position Reduced by Ninety One North America Inc.

Ninety One North America Inc. lowered its stake in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 65.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 19,263 shares of the software maker's stock after selling 36,167 shares during the quarter. Ninety One North America Inc.'s holdings in ANSYS were worth $6,098,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the stock. Meiji Yasuda Asset Management Co Ltd. increased its position in shares of ANSYS by 2.8% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,298 shares of the software maker's stock worth $438,000 after acquiring an additional 35 shares in the last quarter. Beverly Hills Private Wealth LLC increased its position in shares of ANSYS by 3.7% in the first quarter. Beverly Hills Private Wealth LLC now owns 1,084 shares of the software maker's stock worth $343,000 after acquiring an additional 39 shares in the last quarter. Tsai Capital Corp increased its position in shares of ANSYS by 0.5% in the fourth quarter. Tsai Capital Corp now owns 8,945 shares of the software maker's stock worth $3,017,000 after acquiring an additional 41 shares in the last quarter. Bessemer Group Inc. increased its position in shares of ANSYS by 1.3% in the first quarter. Bessemer Group Inc. now owns 3,223 shares of the software maker's stock worth $1,020,000 after acquiring an additional 41 shares in the last quarter. Finally, First Manhattan CO. LLC. increased its position in shares of ANSYS by 1.4% in the fourth quarter. First Manhattan CO. LLC. now owns 3,043 shares of the software maker's stock worth $1,026,000 after acquiring an additional 43 shares in the last quarter. Institutional investors and hedge funds own 92.39% of the company's stock.

Insider Buying and Selling

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the stock in a transaction on 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 directly owned 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 link. 0.61% of the stock is owned by company insiders.

ANSYS Stock Down 0.0%

ANSS traded down $0.03 during trading hours on Wednesday, reaching $366.87. 623,728 shares of the stock traded hands, compared to its average volume of 523,683. The firm's fifty day simple moving average is $341.80 and its two-hundred day simple moving average is $333.05. The company has a market cap of $32.26 billion, a price-to-earnings ratio of 54.43, a PEG ratio of 3.77 and a beta of 1.19. ANSYS, Inc. has a fifty-two week low of $275.06 and a fifty-two week high of $369.25. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.66 and a quick ratio of 3.66.

ANSYS (NASDAQ:ANSS - Get Free Report) last released its quarterly 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 firm had revenue of $504.89 million for the quarter, compared to analyst estimates of $516.81 million. ANSYS had a net margin of 22.95% and a return on equity of 12.38%. ANSYS's revenue for the quarter was up 8.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.39 earnings per share. As a group, analysts forecast that ANSYS, Inc. will post 8.32 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.