Pinebridge Investments L.P. Trims Stock Position in ANSYS, Inc. (NASDAQ:ANSS)

Pinebridge Investments L.P. cut its stake in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 79.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,699 shares of the software maker's stock after selling 30,428 shares during the quarter. Pinebridge Investments L.P.'s holdings in ANSYS were worth $2,597,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in ANSS. Ameliora Wealth Management Ltd. bought a new stake in ANSYS during the 4th quarter worth approximately $27,000. Assetmark Inc. raised its position in shares of ANSYS by 468.2% in the fourth quarter. Assetmark Inc. now owns 125 shares of the software maker's stock worth $42,000 after buying an additional 103 shares in the last quarter. Millstone Evans Group LLC bought a new stake in ANSYS during the fourth quarter valued at $42,000. SBI Securities Co. Ltd. purchased a new position in ANSYS during the fourth quarter worth about $47,000. Finally, Allworth Financial LP raised its holdings in shares of ANSYS by 33.7% in the 4th quarter. Allworth Financial LP now owns 258 shares of the software maker's stock valued at $92,000 after acquiring an additional 65 shares in the last quarter. Hedge funds and other institutional investors own 92.39% of the company's stock.

Insider Buying and Selling

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the business'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 transaction, the director now owns 3,230 shares in the company, valued at approximately $969,032.30. The trade was 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 the SEC website. 0.46% of the stock is owned by insiders.

Analyst Ratings Changes

ANSS has been the topic of several research analyst reports. StockNews.com cut shares of ANSYS from a "buy" rating to a "hold" rating in a research report on Monday. Rosenblatt Securities raised their price objective on shares of ANSYS from $335.00 to $340.00 and gave the company a "neutral" rating in a research report on Friday, February 21st.

ANSYS Price Performance

Shares of ANSS stock traded up $2.06 during trading hours on Wednesday, hitting $321.88. 698,619 shares of the company's stock were exchanged, compared to its average volume of 484,620. The company has a market capitalization of $28.21 billion, a PE ratio of 49.14, a PEG 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, Inc. has a 12-month low of $275.06 and a 12-month high of $363.03. The business's 50 day simple moving average is $315.46 and its 200-day simple moving average is $331.75.

ANSYS (NASDAQ:ANSS - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The software maker reported $0.91 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.75 by ($0.84). ANSYS had a net margin of 22.62% and a return on equity of 12.69%. On average, equities research analysts anticipate that ANSYS, Inc. will post 8.32 earnings per share 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.