Hudson Bay Capital Management LP Cuts Stock Position in ANSYS, Inc. (NASDAQ:ANSS)

Hudson Bay Capital Management LP lowered its position in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 33.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 96,505 shares of the software maker's stock after selling 48,785 shares during the period. Hudson Bay Capital Management LP owned approximately 0.11% of ANSYS worth $32,554,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in ANSS. Wealth Enhancement Advisory Services LLC boosted its position in shares of ANSYS by 2.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 3,219 shares of the software maker's stock worth $1,026,000 after purchasing an additional 72 shares during the period. Graypoint LLC acquired a new stake in shares of ANSYS in the 4th quarter valued at $214,000. Czech National Bank raised 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 worth $6,396,000 after acquiring an additional 1,160 shares in the last quarter. Wedmont Private Capital raised its stake 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 acquiring an additional 39 shares in the last quarter. Finally, FNY Investment Advisers LLC raised its stake in ANSYS by 78.7% during the 4th quarter. FNY Investment Advisers LLC now owns 6,037 shares of the software maker's stock worth $2,036,000 after acquiring an additional 2,659 shares in the last quarter. Hedge funds and other institutional investors own 92.39% of the company's stock.

ANSYS Price Performance

ANSS traded up $0.79 during midday trading on Wednesday, reaching $347.87. 628,155 shares of the company's stock were exchanged, compared to its average volume of 490,595. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.01 and a quick ratio of 3.01. The stock has a market capitalization of $30.58 billion, a PE ratio of 53.11, a P/E/G ratio of 3.48 and a beta of 1.21. The business's 50-day moving average price is $315.64 and its 200 day moving average price is $332.05. ANSYS, Inc. has a 1-year low of $275.06 and a 1-year high of $363.03.

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 analysts' consensus estimates of $1.75 by ($0.11). The business had revenue of $504.89 million for the quarter, compared to analyst estimates of $516.81 million. ANSYS had a return on equity of 12.69% and a net margin of 22.62%. The business's revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.39 EPS. As a group, equities analysts anticipate that ANSYS, Inc. will post 8.32 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. StockNews.com lowered shares of ANSYS from a "buy" rating to a "hold" rating in a research note on Wednesday, May 7th. Rosenblatt Securities lifted their target price on shares of ANSYS from $335.00 to $340.00 and gave the company a "neutral" rating in a report on Friday, February 21st.

Insiders Place Their Bets

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the stock in a transaction that occurred on Monday, April 14th. The shares were 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 $969,032.30. This trade represents a 5.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.46% of the stock is currently owned by insiders.

About ANSYS

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.