ANSYS, Inc. (NASDAQ:ANSS) is Versor Investments LP’s 5th Largest Position

Versor Investments LP decreased its position in shares of ANSYS, Inc. (NASDAQ:ANSS) by 14.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,417 shares of the software maker’s stock after selling 3,808 shares during the quarter. ANSYS accounts for about 1.3% of Versor Investments LP’s holdings, making the stock its 5th biggest position. Versor Investments LP’s holdings in ANSYS were worth $7,562,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Ameliora Wealth Management Ltd. purchased a new stake in ANSYS during the fourth quarter worth $27,000. Intact Investment Management Inc. purchased a new stake in shares of ANSYS in the 3rd quarter worth about $70,000. Allworth Financial LP grew its stake in 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 during the last quarter. Brooklyn Investment Group purchased a new stake in shares of ANSYS in the third quarter valued at about $119,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of ANSYS in the third quarter valued at approximately $174,000. Institutional investors and hedge funds own 92.39% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Rosenblatt Securities upped 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 upgraded ANSYS from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. Finally, Robert W. Baird increased their price objective on ANSYS from $350.00 to $365.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th.

ANSYS Stock Up 0.6 %

ANSS stock opened at $332.32 on Thursday. The company has a 50 day moving average price of $342.23 and a two-hundred day moving average price of $333.49. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.01 and a current ratio of 3.01. The stock has a market capitalization of $29.13 billion, a P/E ratio of 50.74, a PEG ratio of 3.48 and a beta of 1.12. ANSYS, Inc. has a one year low of $289.82 and a one year high of $363.03.

ANSYS (NASDAQ:ANSS) last announced its quarterly earnings data on Wednesday, February 19th. The software maker reported $3.65 EPS for the quarter, missing analysts’ consensus estimates of $3.97 by ($0.32). ANSYS had a net margin of 22.62% and a return on equity of 12.69%. The business had revenue of $882.17 million during the quarter, compared to analysts’ expectations of $864.46 million. As a group, sell-side analysts expect that ANSYS, Inc. will post 8.32 EPS for the current year.

Insider Activity

In other news, Director Glenda Dorchak sold 200 shares of the company’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $336.62, for a total transaction of $67,324.00. Following the completion of the sale, the director now directly owns 3,430 shares in the company, valued at $1,154,606.60. This represents a 5.51 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.46% of the company’s stock.

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.