ExodusPoint Capital Management LP Sells 34,824 Shares of ANSYS, Inc. (NASDAQ:ANSS)

ExodusPoint Capital Management LP trimmed its position in ANSYS, Inc. (NASDAQ:ANSS) by 62.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,072 shares of the software maker’s stock after selling 34,824 shares during the period. ExodusPoint Capital Management LP’s holdings in ANSYS were worth $7,108,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Stock Yards Bank & Trust Co. raised its stake in ANSYS by 1.3% in the fourth quarter. Stock Yards Bank & Trust Co. now owns 2,275 shares of the software maker’s stock valued at $767,000 after purchasing an additional 30 shares in the last quarter. Greenleaf Trust raised its position in shares of ANSYS by 0.9% during the 4th quarter. Greenleaf Trust now owns 3,651 shares of the software maker’s stock valued at $1,232,000 after buying an additional 32 shares in the last quarter. Koshinski Asset Management Inc. lifted its holdings in shares of ANSYS by 0.8% during the 4th quarter. Koshinski Asset Management Inc. now owns 4,367 shares of the software maker’s stock worth $1,473,000 after acquiring an additional 34 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. grew its position in ANSYS by 2.8% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,298 shares of the software maker’s stock worth $438,000 after acquiring an additional 35 shares in the last quarter. Finally, BTC Capital Management Inc. increased its stake in ANSYS by 2.5% in the fourth quarter. BTC Capital Management Inc. now owns 1,499 shares of the software maker’s stock valued at $506,000 after acquiring an additional 36 shares during the last quarter. 92.39% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at ANSYS

In related news, Director Glenda Dorchak sold 200 shares of the company’s stock in a transaction 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 completion of the sale, the director now directly owns 3,430 shares in the company, valued at $1,154,606.60. This represents a 5.51 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.46% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on ANSS. Rosenblatt Securities lifted their price target on ANSYS from $335.00 to $340.00 and gave the stock a “neutral” rating in a research note on Friday, February 21st. StockNews.com downgraded ANSYS from a “buy” rating to a “hold” rating in a research report on Friday, March 21st.

ANSYS Stock Performance

ANSYS stock opened at $286.85 on Friday. The firm has a fifty day simple moving average of $330.70 and a two-hundred day simple moving average of $334.09. ANSYS, Inc. has a twelve month low of $285.93 and a twelve month high of $363.03. The company has a market capitalization of $25.14 billion, a PE ratio of 43.79, a P/E/G ratio of 3.48 and a beta of 1.20. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.12.

ANSYS (NASDAQ:ANSS) last released its earnings results on Wednesday, February 19th. The software maker reported $3.65 earnings per share 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 during the quarter, compared to the consensus estimate of $864.46 million. Research analysts expect 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.