Mint Tower Capital Management B.V. Sells 3,386 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Mint Tower Capital Management B.V. lessened its holdings in ANSYS, Inc. (NASDAQ:ANSS) by 31.1% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,511 shares of the software maker’s stock after selling 3,386 shares during the period. ANSYS makes up approximately 0.6% of Mint Tower Capital Management B.V.’s portfolio, making the stock its 25th biggest holding. Mint Tower Capital Management B.V.’s holdings in ANSYS were worth $2,534,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Nomura Asset Management Co. Ltd. grew its position in shares of ANSYS by 7.2% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 28,351 shares of the software maker’s stock valued at $9,033,000 after acquiring an additional 1,914 shares during the period. FNY Investment Advisers LLC lifted its holdings in shares of ANSYS by 78.7% in the fourth quarter. FNY Investment Advisers LLC now owns 6,037 shares of the software maker’s stock worth $2,036,000 after buying an additional 2,659 shares in the last quarter. JPMorgan Chase & Co. grew its stake in ANSYS by 34.9% during the third quarter. JPMorgan Chase & Co. now owns 386,708 shares of the software maker’s stock valued at $123,217,000 after acquiring an additional 100,042 shares in the last quarter. Daiwa Securities Group Inc. raised its holdings in shares of ANSYS by 12.6% in the 3rd quarter. Daiwa Securities Group Inc. now owns 16,289 shares of the software maker’s stock valued at $5,190,000 after acquiring an additional 1,818 shares in the last quarter. Finally, Oak Thistle LLC bought a new stake in shares of ANSYS during the 4th quarter valued at about $255,000. 92.39% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Glenda Dorchak sold 200 shares of the stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $336.62, for a total value of $67,324.00. Following the transaction, the director now owns 3,430 shares of the company’s stock, valued at $1,154,606.60. This represents a 5.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.46% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

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

ANSYS Stock Down 1.0 %

ANSS stock opened at $323.34 on Thursday. The stock has a market cap of $28.34 billion, a P/E ratio of 49.36, a PEG ratio of 3.48 and a beta of 1.11. 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’s 50-day moving average price is $336.23 and its 200-day moving average price is $334.20. ANSYS, Inc. has a twelve month low of $289.82 and a twelve month high of $363.03.

ANSYS (NASDAQ:ANSS) last released its quarterly earnings data on Wednesday, February 19th. The software maker reported $3.65 EPS for the quarter, missing the consensus estimate of $3.97 by ($0.32). ANSYS had a net margin of 22.62% and a return on equity of 12.69%. The company had revenue of $882.17 million for the quarter, compared to the consensus estimate of $864.46 million. On average, equities research analysts forecast that ANSYS, Inc. will post 8.32 EPS for the current year.

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.