ANSYS, Inc. (NASDAQ:ANSS) Shares Sold by Red Spruce Capital LLC

Red Spruce Capital LLC trimmed its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS) by 9.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,633 shares of the software maker’s stock after selling 167 shares during the period. Red Spruce Capital LLC’s holdings in ANSYS were worth $517,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Alpine Associates Management Inc. boosted its position in shares of ANSYS by 8.2% in the fourth quarter. Alpine Associates Management Inc. now owns 443,583 shares of the software maker’s stock worth $149,634,000 after buying an additional 33,600 shares during the period. Magnetar Financial LLC lifted its position in ANSYS by 0.8% during the 4th quarter. Magnetar Financial LLC now owns 219,625 shares of the software maker’s stock worth $74,086,000 after acquiring an additional 1,824 shares in the last quarter. Mizuho Securities USA LLC boosted its holdings in ANSYS by 46.3% in the 4th quarter. Mizuho Securities USA LLC now owns 8,288 shares of the software maker’s stock worth $2,796,000 after acquiring an additional 2,621 shares during the period. Prudential PLC boosted its holdings in ANSYS by 5.9% in the 4th quarter. Prudential PLC now owns 37,833 shares of the software maker’s stock worth $12,762,000 after acquiring an additional 2,122 shares during the period. Finally, OFI Invest Asset Management acquired a new stake in ANSYS in the fourth quarter valued at approximately $1,272,000. 92.39% of the stock is currently owned by institutional investors and hedge funds.

ANSYS Price Performance

Shares of ANSS stock opened at $328.74 on Friday. The firm has a fifty day moving average of $320.38 and a two-hundred day moving average of $332.92. The firm has a market cap of $28.90 billion, a P/E ratio of 50.19, a P/E/G ratio of 3.48 and a beta of 1.21. ANSYS, Inc. has a 1-year low of $275.06 and a 1-year high of $363.03. 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 (NASDAQ:ANSS) last posted its quarterly earnings results on Wednesday, April 30th. The software maker reported $1.64 EPS for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.11). ANSYS had a return on equity of 12.69% and a net margin of 22.62%. The firm had revenue of $504.89 million during the quarter, compared to analyst estimates of $516.81 million. During the same quarter last year, the business posted $1.39 earnings per share. The firm’s revenue for the quarter was up 8.2% on a year-over-year basis. As a group, research analysts anticipate that ANSYS, Inc. will post 8.32 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Glenda Dorchak sold 200 shares of the firm’s stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $300.01, for a total value of $60,002.00. Following the transaction, 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.61% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Wall Street Zen cut shares of ANSYS from a “buy” rating to a “hold” rating in a research report on Wednesday, May 7th. Rosenblatt Securities boosted their price objective on shares of ANSYS from $335.00 to $340.00 and gave the stock a “neutral” rating in a report on Friday, February 21st.

ANSYS 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.