First Trust Advisors LP Sells 38,375 Shares of ANSYS, Inc. (NASDAQ:ANSS)

First Trust Advisors LP lowered its position in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 10.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 333,982 shares of the software maker's stock after selling 38,375 shares during the quarter. First Trust Advisors LP owned about 0.38% of ANSYS worth $112,662,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. FNY Investment Advisers LLC grew its position in ANSYS by 78.7% during the fourth quarter. FNY Investment Advisers LLC now owns 6,037 shares of the software maker's stock worth $2,036,000 after buying an additional 2,659 shares in the last quarter. JPMorgan Chase & Co. raised its stake in ANSYS by 34.9% in the third quarter. JPMorgan Chase & Co. now owns 386,708 shares of the software maker's stock valued at $123,217,000 after purchasing an additional 100,042 shares in the last quarter. Oak Thistle LLC bought a new stake in ANSYS during the fourth quarter valued at approximately $255,000. Ulland Investment Advisors LLC grew its stake in ANSYS by 107.6% in the 4th quarter. Ulland Investment Advisors LLC now owns 2,635 shares of the software maker's stock worth $889,000 after buying an additional 1,366 shares in the last quarter. Finally, CCLA Investment Management increased its holdings in shares of ANSYS by 11.9% in the 4th quarter. CCLA Investment Management now owns 445,891 shares of the software maker's stock worth $150,381,000 after buying an additional 47,331 shares during the last quarter. 92.39% of the stock is currently owned by institutional investors.

Insider Transactions at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the company's stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $300.01, for a total value of $60,002.00. Following the sale, the director now owns 3,230 shares in the company, valued at approximately $969,032.30. This represents a 5.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.46% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on ANSS. StockNews.com raised ANSYS from a "hold" rating to a "buy" rating in a research note on Friday, April 18th. Rosenblatt Securities lifted their price target on shares of ANSYS from $335.00 to $340.00 and gave the stock a "neutral" rating in a research note on Friday, February 21st.

ANSYS Trading Up 1.4 %

Shares of ANSS stock traded up $4.32 during trading hours on Friday, reaching $320.68. The company's stock had a trading volume of 575,491 shares, compared to its average volume of 482,544. The firm's fifty day simple moving average is $316.25 and its 200 day simple moving average is $331.85. ANSYS, Inc. has a one year low of $275.06 and a one year high of $363.03. The stock has a market capitalization of $28.11 billion, a P/E ratio of 48.96, a P/E/G ratio of 3.48 and a beta of 1.20. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 0.12.

ANSYS (NASDAQ:ANSS - Get Free Report) last announced its earnings results on Wednesday, February 19th. The software maker reported $3.65 earnings per share for the quarter, missing analysts' consensus estimates of $3.97 by ($0.32). ANSYS had a net margin of 22.62% and a return on equity of 12.69%. The company had revenue of $882.17 million for the quarter, compared to the consensus estimate of $864.46 million. Equities research analysts expect that ANSYS, Inc. will post 8.32 EPS for the current year.

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.