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

Ninety One North America Inc. trimmed 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 Securities & Exchange Commission. The fund 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 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Tandem Investment Advisors Inc. raised its stake in ANSYS by 27.1% during the first quarter. Tandem Investment Advisors Inc. now owns 14,647 shares of the software maker's stock valued at $4,637,000 after buying an additional 3,120 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in ANSYS by 540.7% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 7,656 shares of the software maker's stock valued at $2,423,000 after purchasing an additional 6,461 shares in the last quarter. GAMMA Investing LLC boosted its stake in ANSYS by 48.2% during the 1st quarter. GAMMA Investing LLC now owns 2,298 shares of the software maker's stock valued at $727,000 after purchasing an additional 747 shares in the last quarter. Alpine Associates Management Inc. lifted its position in shares of ANSYS by 8.2% during the 4th quarter. Alpine Associates Management Inc. now owns 443,583 shares of the software maker's stock valued at $149,634,000 after acquiring an additional 33,600 shares during the last quarter. Finally, North Star Asset Management Inc. raised its holdings in shares of ANSYS by 25.7% during the fourth quarter. North Star Asset Management Inc. now owns 5,579 shares of the software maker's stock worth $1,882,000 after acquiring an additional 1,139 shares in the last quarter. 92.39% of the stock is owned by institutional investors and hedge funds.

ANSYS Trading Up 0.5%

NASDAQ:ANSS traded up $1.98 during trading hours on Wednesday, hitting $368.88. 302,192 shares of the stock were exchanged, compared to its average volume of 521,434. ANSYS, Inc. has a twelve month low of $275.06 and a twelve month high of $369.28. The company has a quick ratio of 3.66, a current ratio of 3.66 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $32.43 billion, a P/E ratio of 54.77, a price-to-earnings-growth ratio of 3.73 and a beta of 1.19. The company's 50 day moving average is $340.90 and its two-hundred day moving average is $332.82.

ANSYS (NASDAQ:ANSS - Get Free Report) last issued its quarterly 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). The company had revenue of $504.89 million during the quarter, compared to the consensus estimate of $516.81 million. ANSYS had a net margin of 22.95% and a return on equity of 12.38%. The company's quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.39 earnings per share. On average, sell-side analysts anticipate that ANSYS, Inc. will post 8.32 earnings per share for the current fiscal year.

Insider Buying and Selling

In other 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 transaction, the director owned 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 through this link. Company insiders own 0.61% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded 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.