ANSYS, Inc. (NASDAQ:ANSS) Shares Sold by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC lessened its stake in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 3.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 120,884 shares of the software maker's stock after selling 4,711 shares during the period. Schonfeld Strategic Advisors LLC owned 0.14% of ANSYS worth $40,778,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Capital Research Global Investors purchased a new stake in shares of ANSYS during the fourth quarter worth approximately $695,129,000. Norges Bank purchased a new stake in shares of ANSYS in the fourth quarter valued at about $615,566,000. FIL Ltd increased its stake in shares of ANSYS by 32.5% during 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 period. Proficio Capital Partners LLC purchased a new position in ANSYS during the fourth quarter worth about $119,140,000. Finally, Northern Trust Corp lifted its position in ANSYS by 14.9% in the fourth quarter. Northern Trust Corp now owns 1,043,975 shares of the software maker's stock valued at $352,164,000 after purchasing an additional 135,400 shares during the period. Hedge funds and other institutional investors own 92.39% of the company's stock.

ANSYS Price Performance

ANSYS stock traded down $2.15 during midday trading on Thursday, reaching $319.73. 875,014 shares of the company were exchanged, compared to its average volume of 486,304. The firm's 50-day simple moving average is $314.94 and its 200-day simple moving average is $331.57. ANSYS, Inc. has a 1 year low of $275.06 and a 1 year high of $363.03. The company has a market capitalization of $28.02 billion, a price-to-earnings ratio of 48.81, a P/E/G ratio of 3.48 and a beta of 1.20. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.01 and a current ratio of 3.01.

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

Insider Buying and Selling at ANSYS

In other news, Director Glenda Dorchak sold 200 shares of ANSYS stock in a transaction 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 owns 3,230 shares of the company's stock, valued at $969,032.30. The trade was a 5.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.46% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms have issued reports on ANSS. StockNews.com cut ANSYS from a "buy" rating to a "hold" rating in a research report on Monday. Rosenblatt Securities increased 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.

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.