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

Xponance Inc. trimmed its position in shares of ANSYS, Inc. (NASDAQ:ANSS) by 4.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. CVA Family Office LLC purchased a new position in ANSYS during the fourth quarter worth about $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 valued at $35,000 after acquiring an additional 94 shares in the last quarter. Gyon Technologies Capital Management LP purchased a new stake in shares of ANSYS during the fourth quarter valued at approximately $37,000. Finally, Turtle Creek Wealth Advisors LLC bought a new stake in ANSYS during the fourth quarter worth $47,000. Institutional investors own 92.39% of the company’s stock.

Insiders Place Their Bets

In other news, Director Glenda Dorchak sold 150 shares of the business’s stock in a transaction on Monday, April 8th. The shares were 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 directly owns 3,049 shares in the company, valued at approximately $1,043,001.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.53% of the company’s stock.

ANSYS Price Performance

Shares of NASDAQ ANSS opened at $322.11 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.30 and a current ratio of 2.30. ANSYS, Inc. has a fifty-two week low of $258.01 and a fifty-two week high of $364.31. The stock has a market cap of $28.12 billion, a PE ratio of 56.21, a price-to-earnings-growth ratio of 5.19 and a beta of 1.16. The stock has a fifty day moving average of $337.12 and a 200-day moving average of $320.18.

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

Wall Street Analysts Forecast Growth

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

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.