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

Versor Investments LP lowered its holdings in ANSYS, Inc. (NASDAQ:ANSS) by 14.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 22,417 shares of the software maker’s stock after selling 3,808 shares during the quarter. ANSYS comprises 1.3% of Versor Investments LP’s investment portfolio, making the stock its 5th biggest holding. Versor Investments LP’s holdings in ANSYS were worth $7,562,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in ANSS. State Street Corp increased its position in shares of ANSYS by 3.0% during the third quarter. State Street Corp now owns 3,703,249 shares of the software maker’s stock worth $1,179,966,000 after purchasing an additional 106,187 shares in the last quarter. Geode Capital Management LLC increased its position in ANSYS by 1.7% during the third quarter. Geode Capital Management LLC now owns 2,305,554 shares of the software maker’s stock worth $732,672,000 after buying an additional 37,577 shares during the period. Impax Asset Management Group plc lifted its stake in ANSYS by 8.0% in the third quarter. Impax Asset Management Group plc now owns 603,394 shares of the software maker’s stock valued at $192,259,000 after buying an additional 44,605 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of ANSYS by 1.3% in the fourth quarter. Principal Financial Group Inc. now owns 570,525 shares of the software maker’s stock valued at $192,456,000 after acquiring an additional 7,098 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of ANSYS by 1.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 532,142 shares of the software maker’s stock valued at $169,556,000 after acquiring an additional 8,706 shares during the period. Institutional investors and hedge funds own 92.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on ANSS. Robert W. Baird upped their price target on shares of ANSYS from $350.00 to $365.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. StockNews.com raised shares of ANSYS from a “hold” rating to a “buy” rating in a report on Friday, February 21st. Finally, Rosenblatt Securities increased their target price on shares of ANSYS from $335.00 to $340.00 and gave the stock a “neutral” rating in a research note on Friday, February 21st.

Insiders Place Their Bets

In related news, Director Glenda Dorchak sold 200 shares of ANSYS 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 sale, the director now directly owns 3,430 shares in the company, valued at $1,154,606.60. The trade was a 5.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.46% of the stock is currently owned by insiders.

ANSYS Price Performance

Shares of NASDAQ ANSS opened at $332.32 on Thursday. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.01 and a quick ratio of 3.01. The company has a market cap of $29.13 billion, a PE ratio of 50.74, a P/E/G ratio of 3.48 and a beta of 1.12. The stock has a fifty day moving average price of $342.23 and a 200 day moving average price of $333.49. ANSYS, Inc. has a 1-year low of $289.82 and a 1-year high of $363.03.

ANSYS (NASDAQ:ANSS) last issued its earnings results on Wednesday, February 19th. The software maker reported $3.65 earnings per share for the quarter, missing the consensus estimate of $3.97 by ($0.32). The firm had revenue of $882.17 million during the quarter, compared to analysts’ expectations of $864.46 million. ANSYS had a net margin of 22.62% and a return on equity of 12.69%. Sell-side 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.