Alliancebernstein L.P. Sells 19,612 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Alliancebernstein L.P. cut its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS) by 6.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 284,344 shares of the software maker’s stock after selling 19,612 shares during the quarter. Alliancebernstein L.P. owned 0.33% of ANSYS worth $95,918,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ANSS. Nomura Asset Management Co. Ltd. increased its stake in ANSYS by 7.2% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 28,351 shares of the software maker’s stock worth $9,033,000 after acquiring an additional 1,914 shares during the period. FNY Investment Advisers LLC grew its holdings in shares of ANSYS by 78.7% during the 4th quarter. FNY Investment Advisers LLC now owns 6,037 shares of the software maker’s stock worth $2,036,000 after purchasing an additional 2,659 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of ANSYS by 34.9% in the third quarter. JPMorgan Chase & Co. now owns 386,708 shares of the software maker’s stock worth $123,217,000 after purchasing an additional 100,042 shares during the period. Oak Thistle LLC acquired a new position in ANSYS in the fourth quarter valued at about $255,000. Finally, Ulland Investment Advisors LLC lifted 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 worth $889,000 after purchasing an additional 1,366 shares during the period. 92.39% of the stock is currently owned by institutional investors and hedge funds.

ANSYS Stock Up 0.0 %

Shares of NASDAQ ANSS opened at $320.91 on Thursday. The stock has a 50-day moving average price of $333.11 and a two-hundred day moving average price of $334.36. ANSYS, Inc. has a 12 month low of $289.82 and a 12 month high of $363.03. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 0.12. The company has a market cap of $28.13 billion, a price-to-earnings ratio of 48.99, a PEG ratio of 3.48 and a beta of 1.11.

ANSYS (NASDAQ:ANSS) last issued its quarterly earnings data on Wednesday, February 19th. The software maker reported $3.65 EPS for the quarter, missing the consensus estimate of $3.97 by ($0.32). The company had revenue of $882.17 million during the quarter, compared to the consensus estimate of $864.46 million. ANSYS had a net margin of 22.62% and a return on equity of 12.69%. As a group, analysts forecast that ANSYS, Inc. will post 8.32 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Glenda Dorchak sold 200 shares of the business’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $336.62, for a total transaction of $67,324.00. Following the sale, the director now directly owns 3,430 shares in the company, valued at approximately $1,154,606.60. The trade was a 5.51 % decrease in their ownership of the stock. The transaction 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 corporate insiders.

Analyst Ratings Changes

ANSS has been the subject of several analyst reports. StockNews.com cut shares of ANSYS from a “buy” rating to a “hold” rating in a research report on Friday, March 21st. Rosenblatt Securities upped their target price on ANSYS from $335.00 to $340.00 and gave the stock a “neutral” rating in a research note on Friday, February 21st.

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.