Platinum Investment Management Ltd. Trims Stock Position in ANSYS, Inc. (NASDAQ:ANSS)

Platinum Investment Management Ltd. cut its stake in ANSYS, Inc. (NASDAQ:ANSS) by 54.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,182 shares of the software maker’s stock after selling 1,438 shares during the period. Platinum Investment Management Ltd.’s holdings in ANSYS were worth $399,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ANSS. Proficio Capital Partners LLC purchased a new stake in shares of ANSYS in the fourth quarter valued at about $119,140,000. D1 Capital Partners L.P. purchased a new position in ANSYS during the third quarter worth about $73,345,000. State Street Corp grew its position in 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 buying an additional 106,187 shares during the period. JPMorgan Chase & Co. grew its position in ANSYS by 34.9% during the third quarter. JPMorgan Chase & Co. now owns 386,708 shares of the software maker’s stock worth $123,217,000 after buying an additional 100,042 shares during the period. Finally, CCLA Investment Management grew its position in shares of ANSYS by 11.9% in the fourth quarter. CCLA Investment Management now owns 445,891 shares of the software maker’s stock valued at $150,381,000 after purchasing an additional 47,331 shares during the last quarter. 92.39% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at ANSYS

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

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on ANSS shares. StockNews.com raised shares of ANSYS from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. Rosenblatt Securities lifted their price target on shares of ANSYS from $335.00 to $340.00 and gave the company a “neutral” rating in a report on Friday, February 21st.

ANSYS Stock Performance

ANSYS stock opened at $323.82 on Wednesday. The firm’s 50 day simple moving average is $338.17 and its 200-day simple moving average is $333.78. The company has a market cap of $28.38 billion, a P/E ratio of 49.44, a price-to-earnings-growth ratio of 3.48 and a beta of 1.11. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.01 and a quick ratio of 3.01. ANSYS, Inc. has a fifty-two week low of $289.82 and a fifty-two week 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 company had revenue of $882.17 million for the quarter, compared to analysts’ expectations of $864.46 million. As a group, equities research analysts predict 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.