Xponance Inc. Sells 924 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Xponance Inc. cut its stake in ANSYS, Inc. (NASDAQ:ANSS) by 4.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,850 shares of the software maker’s stock after selling 924 shares during the quarter. Xponance Inc.’s holdings in ANSYS were worth $6,477,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. CVA Family Office LLC purchased a new stake in ANSYS in the fourth quarter worth approximately $28,000. Raleigh Capital Management Inc. boosted its stake in shares of ANSYS by 135.7% in the 3rd quarter. Raleigh Capital Management Inc. now owns 99 shares of the software maker’s stock worth $29,000 after buying an additional 57 shares during the last quarter. KB Financial Partners LLC grew its holdings in shares of ANSYS by 854.5% in the second quarter. KB Financial Partners LLC now owns 105 shares of the software maker’s stock worth $35,000 after acquiring an additional 94 shares during the period. Gyon Technologies Capital Management LP bought a new stake in shares of ANSYS in the fourth quarter worth $37,000. Finally, Turtle Creek Wealth Advisors LLC bought a new position in ANSYS in the fourth quarter valued at about $47,000. 92.39% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Wolfe Research reaffirmed a “peer perform” rating on shares of ANSYS in a research report on Wednesday, January 17th. Mizuho cut their price objective on shares of ANSYS from $350.00 to $330.00 and set a “neutral” rating for the company in a research report on Wednesday, January 17th. Rosenblatt Securities restated a “neutral” rating and issued a $345.00 price objective on shares of ANSYS in a research note on Tuesday, March 5th. StockNews.com assumed coverage on ANSYS in a report on Monday, April 15th. They set a “hold” rating for the company. Finally, Barclays upped their price target on ANSYS from $314.00 to $340.00 and gave the stock an “underweight” rating in a research report on Thursday, February 22nd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $323.86.

ANSYS Stock Performance

NASDAQ:ANSS opened at $322.11 on Friday. The stock has a 50-day moving average price of $337.12 and a 200 day moving average price of $320.18. The company has a current ratio of 2.30, a quick ratio of 2.30 and a debt-to-equity ratio of 0.14. ANSYS, Inc. has a 12-month low of $258.01 and a 12-month high of $364.31. The stock has a market capitalization of $28.12 billion, a P/E ratio of 56.21, a P/E/G ratio of 5.19 and a beta of 1.16.

ANSYS (NASDAQ:ANSS) last announced its quarterly earnings data on Wednesday, February 21st. The software maker reported $3.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.71 by $0.23. ANSYS had a net margin of 22.05% and a return on equity of 11.83%. The business had revenue of $805.10 million during the quarter, compared to analyst estimates of $797.49 million. During the same period last year, the firm posted $2.61 EPS. The company’s revenue was up 15.9% on a year-over-year basis. Equities research analysts forecast that ANSYS, Inc. will post 7.26 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Glenda Dorchak sold 150 shares of the firm’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $342.08, for a total transaction of $51,312.00. Following the completion of the transaction, the director now owns 3,049 shares in the company, valued at $1,043,001.92. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.53% of the company’s stock.

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.