QRG Capital Management Inc. Has $369,000 Holdings in ANSYS, Inc. (NASDAQ:ANSS)

QRG Capital Management Inc. lowered its stake in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 73.7% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 1,165 shares of the software maker's stock after selling 3,257 shares during the period. QRG Capital Management Inc.'s holdings in ANSYS were worth $369,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of ANSYS by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 10,643,766 shares of the software maker's stock valued at $3,590,462,000 after buying an additional 78,730 shares during the last quarter. Geode Capital Management LLC lifted its stake in ANSYS by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 2,363,744 shares of the software maker's stock valued at $796,033,000 after acquiring an additional 58,190 shares in the last quarter. FIL Ltd boosted its holdings in ANSYS by 32.5% during the 4th quarter. FIL Ltd now owns 2,086,177 shares of the software maker's stock worth $703,730,000 after acquiring an additional 511,557 shares during the last quarter. Capital Research Global Investors bought a new stake in shares of ANSYS in the 4th quarter worth $695,129,000. Finally, Norges Bank purchased a new stake in shares of ANSYS in the fourth quarter valued at about $615,566,000. 92.39% of the stock is owned by institutional investors.

ANSYS Stock Performance

Shares of ANSS opened at $335.00 on Tuesday. The stock has a 50 day moving average of $331.07 and a 200 day moving average of $331.74. The company has a market capitalization of $29.45 billion, a price-to-earnings ratio of 49.70, a PEG ratio of 3.44 and a beta of 1.19. ANSYS, Inc. has a 12 month low of $275.06 and a 12 month high of $363.03. The company has a current ratio of 3.66, a quick ratio of 3.66 and a debt-to-equity ratio of 0.12.

ANSYS (NASDAQ:ANSS - Get Free Report) last announced 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). The business had revenue of $504.89 million for the quarter, compared to analysts' expectations of $516.81 million. ANSYS had a net margin of 22.95% and a return on equity of 12.38%. The company's revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.39 earnings per share. As a group, sell-side analysts forecast that ANSYS, Inc. will post 8.32 earnings per share for the current year.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In related news, Director Glenda Dorchak sold 200 shares of ANSYS stock in a transaction dated Monday, April 14th. The stock was 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 of the company's stock, valued at approximately $969,032.30. This trade represents a 5.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.61% of the stock is currently owned by insiders.

ANSYS 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.

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