Governors Lane LP Cuts Position in ANSYS, Inc. (NASDAQ:ANSS)

Governors Lane LP lowered its position in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 2.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 75,300 shares of the software maker's stock after selling 2,100 shares during the quarter. ANSYS comprises approximately 2.0% of Governors Lane LP's holdings, making the stock its 17th largest holding. Governors Lane LP owned approximately 0.09% of ANSYS worth $25,401,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC boosted its holdings in ANSYS by 2.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 3,219 shares of the software maker's stock worth $1,026,000 after acquiring an additional 72 shares during the period. Graypoint LLC purchased a new position in ANSYS in the fourth quarter valued at about $214,000. Czech National Bank grew its stake in ANSYS by 6.5% during the 4th quarter. Czech National Bank now owns 18,961 shares of the software maker's stock valued at $6,396,000 after purchasing an additional 1,160 shares in the last quarter. Wedmont Private Capital increased its holdings in ANSYS by 1.8% during the 4th quarter. Wedmont Private Capital now owns 2,215 shares of the software maker's stock worth $748,000 after purchasing an additional 39 shares during the last quarter. Finally, FNY Investment Advisers LLC raised its position in shares of ANSYS by 78.7% in the 4th quarter. FNY Investment Advisers LLC now owns 6,037 shares of the software maker's stock valued at $2,036,000 after purchasing an additional 2,659 shares in the last quarter. Institutional investors and hedge funds own 92.39% of the company's stock.

Insider Buying and Selling

In other news, Director Glenda Dorchak sold 200 shares of the company's stock in a transaction that occurred on Monday, April 14th. The stock was sold at an average price of $300.01, for a total transaction of $60,002.00. Following the completion of the transaction, 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.46% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on ANSS. Rosenblatt Securities raised their price target on shares of ANSYS from $335.00 to $340.00 and gave the stock a "neutral" rating in a research report on Friday, February 21st. StockNews.com lowered shares of ANSYS from a "buy" rating to a "hold" rating in a report on Wednesday.

ANSYS Price Performance

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 company has a market capitalization of $29.34 billion, a price-to-earnings ratio of 50.96, a price-to-earnings-growth 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. The business has a 50 day simple moving average of $314.85 and a 200-day simple moving average of $331.65.

ANSYS (NASDAQ:ANSS - Get Free Report) last released its earnings results on Wednesday, April 30th. The software maker reported $1.64 earnings per share for the quarter, missing the consensus estimate of $1.75 by ($0.11). ANSYS had a net margin of 22.62% and a return on equity of 12.69%. The business had revenue of $504.89 million for the quarter, compared to the consensus estimate of $516.81 million. During the same quarter in the previous year, the firm earned $1.39 EPS. The firm's revenue for the quarter was up 8.2% on a year-over-year basis. As a group, equities research analysts expect that ANSYS, Inc. will post 8.32 earnings per share for the current year.

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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