Man Group plc Sells 2,244 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Man Group plc decreased its holdings in ANSYS, Inc. (NASDAQ:ANSS) by 4.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 44,878 shares of the software maker’s stock after selling 2,244 shares during the quarter. Man Group plc owned approximately 0.05% of ANSYS worth $15,139,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Oak Thistle LLC bought a new stake in ANSYS during the fourth quarter valued at $255,000. Ulland Investment Advisors LLC boosted its position in ANSYS by 107.6% during the fourth quarter. Ulland Investment Advisors LLC now owns 2,635 shares of the software maker’s stock valued at $889,000 after acquiring an additional 1,366 shares during the last quarter. Alpine Associates Management Inc. boosted its position in ANSYS by 8.2% during the fourth quarter. Alpine Associates Management Inc. now owns 443,583 shares of the software maker’s stock valued at $149,634,000 after acquiring an additional 33,600 shares during the last quarter. Magnetar Financial LLC boosted its position in ANSYS by 0.8% during the fourth quarter. Magnetar Financial LLC now owns 219,625 shares of the software maker’s stock valued at $74,086,000 after acquiring an additional 1,824 shares during the last quarter. Finally, Mizuho Securities USA LLC boosted its position in ANSYS by 46.3% during the fourth quarter. Mizuho Securities USA LLC now owns 8,288 shares of the software maker’s stock valued at $2,796,000 after acquiring an additional 2,621 shares during the last quarter. Institutional investors own 92.39% of the company’s stock.

Insider Buying and Selling at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $300.01, for a total value of $60,002.00. Following the completion of the sale, the director now owns 3,230 shares in the company, valued at approximately $969,032.30. This trade represents a 5.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.61% of the company’s stock.

Wall Street Analyst Weigh In

ANSS has been the topic of a number of research analyst reports. Rosenblatt Securities upped their price target on shares of ANSYS from $335.00 to $340.00 and gave the company a “neutral” rating in a research report on Friday, February 21st. StockNews.com lowered shares of ANSYS from a “buy” rating to a “hold” rating in a report on Wednesday, May 7th.

ANSYS Trading Up 0.9%

NASDAQ:ANSS opened at $346.63 on Friday. 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 firm has a market cap of $30.47 billion, a price-to-earnings ratio of 52.92, a price-to-earnings-growth ratio of 3.48 and a beta of 1.21. ANSYS, Inc. has a 52 week low of $275.06 and a 52 week high of $363.03. The firm has a 50-day moving average price of $317.11 and a two-hundred day moving average price of $332.47.

ANSYS (NASDAQ:ANSS) last posted its quarterly earnings data on Wednesday, April 30th. The software maker reported $1.64 EPS for the quarter, missing the consensus estimate of $1.75 by ($0.11). The firm had revenue of $504.89 million during the quarter, compared to analysts’ expectations of $516.81 million. ANSYS had a net margin of 22.62% and a return on equity of 12.69%. The company’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter last year, the business posted $1.39 EPS. On average, equities analysts expect that ANSYS, Inc. will post 8.32 earnings per share for the current fiscal year.

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.