Hudson Bay Capital Management LP Cuts Holdings in ANSYS, Inc. (NASDAQ:ANSS)

Hudson Bay Capital Management LP lowered its stake in ANSYS, Inc. (NASDAQ:ANSS) by 33.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 96,505 shares of the software maker’s stock after selling 48,785 shares during the quarter. Hudson Bay Capital Management LP’s holdings in ANSYS were worth $32,554,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Ameliora Wealth Management Ltd. acquired a new position in ANSYS during the fourth quarter worth about $27,000. Quarry LP boosted its position in shares of ANSYS by 1,550.0% during the 4th quarter. Quarry LP now owns 99 shares of the software maker’s stock worth $33,000 after purchasing an additional 93 shares during the period. Assetmark Inc. increased its holdings in ANSYS by 468.2% in the 4th quarter. Assetmark Inc. now owns 125 shares of the software maker’s stock valued at $42,000 after purchasing an additional 103 shares during the last quarter. Millstone Evans Group LLC purchased a new stake in ANSYS in the fourth quarter valued at approximately $42,000. Finally, Kapitalo Investimentos Ltda acquired a new position in ANSYS during the fourth quarter worth $43,000. Institutional investors and hedge funds own 92.39% of the company’s stock.

Insider Buying and Selling

In other news, Director Glenda Dorchak sold 200 shares of the firm’s stock in a transaction on Monday, April 14th. The shares were sold at an average price of $300.01, for a total value of $60,002.00. Following the sale, the director now directly owns 3,230 shares in the company, valued at approximately $969,032.30. This trade represents a 5.83 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.46% of the stock is owned by insiders.

ANSYS Stock Performance

NASDAQ:ANSS opened at $333.78 on Friday. The company has a market cap of $29.34 billion, a price-to-earnings ratio of 50.96, a price-to-earnings-growth ratio of 3.48 and a beta of 1.21. 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, Inc. has a 52 week low of $275.06 and a 52 week high of $363.03. The company has a fifty day simple moving average of $314.85 and a two-hundred day simple moving average of $331.72.

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

Wall Street Analysts Forecast Growth

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

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.