Sculptor Capital LP Cuts Holdings in ANSYS, Inc. (NASDAQ:ANSS)

Sculptor Capital LP reduced its position in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 12.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 113,700 shares of the software maker's stock after selling 15,600 shares during the quarter. Sculptor Capital LP owned about 0.13% of ANSYS worth $38,354,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ANSS. Oak Thistle LLC purchased a new stake in ANSYS in the fourth quarter valued at approximately $255,000. Ulland Investment Advisors LLC grew its holdings in ANSYS by 107.6% in the fourth quarter. Ulland Investment Advisors LLC now owns 2,635 shares of the software maker's stock valued at $889,000 after purchasing an additional 1,366 shares during the period. Alpine Associates Management Inc. grew its holdings in ANSYS by 8.2% in the fourth quarter. Alpine Associates Management Inc. now owns 443,583 shares of the software maker's stock valued at $149,634,000 after purchasing an additional 33,600 shares during the period. Magnetar Financial LLC boosted its stake in shares of ANSYS by 0.8% in the fourth quarter. Magnetar Financial LLC now owns 219,625 shares of the software maker's stock worth $74,086,000 after acquiring an additional 1,824 shares during the last quarter. Finally, Mizuho Securities USA LLC boosted its stake in shares of ANSYS by 46.3% in the fourth quarter. Mizuho Securities USA LLC now owns 8,288 shares of the software maker's stock worth $2,796,000 after acquiring an additional 2,621 shares during the last quarter. 92.39% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Glenda Dorchak sold 200 shares of the firm'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 value 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 $969,032.30. This trade represents a 5.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.61% of the stock is owned by insiders.

ANSYS Trading Up 0.6%

NASDAQ:ANSS traded up $2.02 on Tuesday, reaching $346.00. The company's stock had a trading volume of 396,267 shares, compared to its average volume of 494,472. ANSYS, Inc. has a 12-month low of $275.06 and a 12-month 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 firm has a market cap of $30.42 billion, a price-to-earnings ratio of 52.82, a price-to-earnings-growth ratio of 3.48 and a beta of 1.21. The stock has a 50 day moving average price of $317.64 and a 200 day moving average price of $332.69.

ANSYS (NASDAQ:ANSS - Get Free Report) last issued its quarterly 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). The company 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%. ANSYS's revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.39 EPS. On average, equities analysts anticipate that ANSYS, Inc. will post 8.32 EPS for the current fiscal year.

Analysts Set New Price Targets

ANSS has been the topic of a number of analyst reports. StockNews.com downgraded ANSYS from a "buy" rating to a "hold" rating in a research report on Wednesday, May 7th. Rosenblatt Securities lifted their price objective on ANSYS from $335.00 to $340.00 and gave the stock a "neutral" rating in a research 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.