Quinn Opportunity Partners LLC Sells 4,111 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Quinn Opportunity Partners LLC decreased its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 14.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 24,190 shares of the software maker's stock after selling 4,111 shares during the quarter. Quinn Opportunity Partners LLC's holdings in ANSYS were worth $8,160,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Ameliora Wealth Management Ltd. acquired a new stake in shares of ANSYS in the fourth quarter worth about $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 valued at $42,000 after purchasing an additional 103 shares during the period. Millstone Evans Group LLC acquired a new stake in shares of ANSYS in the fourth quarter worth $42,000. SBI Securities Co. Ltd. acquired a new position in ANSYS in the 4th quarter valued at $47,000. Finally, Allworth Financial LP boosted its holdings in ANSYS by 33.7% during the fourth quarter. Allworth Financial LP now owns 258 shares of the software maker's stock valued at $92,000 after acquiring an additional 65 shares during the period. Institutional investors and hedge funds own 92.39% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on ANSS shares. Rosenblatt Securities increased their target price on ANSYS from $335.00 to $340.00 and gave the company a "neutral" rating in a research note on Friday, February 21st. StockNews.com cut shares of ANSYS from a "buy" rating to a "hold" rating in a research note on Friday, March 21st.

Insiders Place Their Bets

In related news, Director Glenda Dorchak sold 200 shares of the business's stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $300.01, for a total value of $60,002.00. Following the completion of the transaction, the director now owns 3,230 shares in the company, valued at $969,032.30. The trade was a 5.83 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.46% of the company's stock.

ANSYS Price Performance

ANSS traded down $2.11 during midday trading on Wednesday, reaching $301.97. 393,969 shares of the company's stock were exchanged, compared to its average volume of 473,275. ANSYS, Inc. has a one year low of $275.06 and a one year high of $363.03. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.12. The business has a 50-day simple moving average of $321.53 and a two-hundred day simple moving average of $332.48. The firm has a market capitalization of $26.47 billion, a price-to-earnings ratio of 46.10, a price-to-earnings-growth ratio of 3.48 and a beta of 1.20.

ANSYS (NASDAQ:ANSS - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The software maker reported $3.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.97 by ($0.32). The firm had revenue of $882.17 million for the quarter, compared to the consensus estimate of $864.46 million. ANSYS had a net margin of 22.62% and a return on equity of 12.69%. As a group, research analysts predict 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.