Squarepoint Ops LLC Has $19.24 Million Stock Position in ANSYS, Inc. (NASDAQ:ANSS)

Squarepoint Ops LLC trimmed its position in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 38.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 57,022 shares of the software maker's stock after selling 35,168 shares during the period. Squarepoint Ops LLC owned approximately 0.07% of ANSYS worth $19,235,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Capital Research Global Investors acquired a new stake in ANSYS during the fourth quarter valued at approximately $695,129,000. Norges Bank acquired a new stake in shares of ANSYS during the 4th quarter valued at $615,566,000. FIL Ltd lifted its position in shares of ANSYS by 32.5% during the 4th quarter. FIL Ltd now owns 2,086,177 shares of the software maker's stock valued at $703,730,000 after acquiring an additional 511,557 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in shares of ANSYS during the 4th quarter worth $119,140,000. Finally, Raiffeisen Bank International AG acquired a new position in shares of ANSYS in the 4th quarter worth $48,253,000. Institutional investors own 92.39% of the company's stock.

Analysts Set New Price Targets

ANSS has been the subject of several analyst reports. Rosenblatt Securities upped their target price on ANSYS from $335.00 to $340.00 and gave the company a "neutral" rating in a report on Friday, February 21st. Wall Street Zen downgraded ANSYS from a "buy" rating to a "hold" rating in a report on Wednesday, May 7th.

ANSYS Trading Up 1.5%

Shares of NASDAQ ANSS traded up $5.11 during mid-day trading on Tuesday, hitting $347.28. 133,978 shares of the company traded hands, compared to its average volume of 494,600. ANSYS, Inc. has a 1 year low of $275.06 and a 1 year high of $363.03. The stock has a market capitalization of $30.53 billion, a price-to-earnings ratio of 53.02, a PEG ratio of 3.48 and a beta of 1.21. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.12. The business has a 50 day moving average of $319.74 and a two-hundred day moving average of $332.95.

ANSYS (NASDAQ:ANSS - Get Free Report) last announced its quarterly earnings data 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). ANSYS had a return on equity of 12.69% and a net margin of 22.62%. The business had revenue of $504.89 million during the quarter, compared to analysts' expectations of $516.81 million. During the same period in the prior year, the company posted $1.39 earnings per share. The firm's revenue was up 8.2% on a year-over-year basis. On average, sell-side analysts anticipate that ANSYS, Inc. will post 8.32 earnings per share for the current fiscal year.

Insider Activity at ANSYS

In other 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 transaction, the director now owns 3,230 shares of the company's stock, valued at approximately $969,032.30. This represents a 5.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.61% of the stock is currently owned by company 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.