Gotham Asset Management LLC Cuts Stock Holdings in ANSYS, Inc. (NASDAQ:ANSS)

Gotham Asset Management LLC cut its stake in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 9.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 70,474 shares of the software maker's stock after selling 7,059 shares during the period. Gotham Asset Management LLC owned about 0.08% of ANSYS worth $23,773,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in shares of ANSYS by 0.7% in the 4th 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 period. Geode Capital Management LLC lifted its stake in ANSYS by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 2,363,744 shares of the software maker's stock worth $796,033,000 after acquiring an additional 58,190 shares during the last quarter. FIL Ltd lifted its stake in ANSYS by 32.5% in the fourth 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 acquired a new position in ANSYS during the 4th quarter worth approximately $695,129,000. Finally, Norges Bank acquired a new stake in shares of ANSYS in the 4th quarter valued at $615,566,000. 92.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ANSS has been the subject of a number of analyst reports. StockNews.com downgraded shares of ANSYS from a "buy" rating to a "hold" rating in a research note on Wednesday. Rosenblatt Securities upped their price objective on ANSYS from $335.00 to $340.00 and gave the stock a "neutral" rating in a research report on Friday, February 21st.

ANSYS Stock Down 0.2 %

Shares of NASDAQ:ANSS opened at $333.78 on Friday. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 0.12. The firm has a 50 day simple moving average of $314.85 and a 200-day simple moving average of $331.65. The company has a market capitalization of $29.34 billion, a PE ratio of 50.96, a P/E/G ratio of 3.48 and a beta of 1.21. ANSYS, Inc. has a twelve month low of $275.06 and a twelve month high of $363.03.

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

Insider Activity at ANSYS

In other news, Director Glenda Dorchak sold 200 shares of the stock in a transaction that occurred on 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 directly owns 3,230 shares of the company's stock, valued at approximately $969,032.30. This represents a 5.83 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.46% of the company's stock.

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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