ExodusPoint Capital Management LP Reduces Stake in ANSYS, Inc. (NASDAQ:ANSS)

ExodusPoint Capital Management LP cut its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS) by 62.3% during the 4th quarter, according to its most recent Form 13F filing with the 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 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 the business. Ameliora Wealth Management Ltd. purchased a new position in ANSYS during the 4th quarter valued at $27,000. Assetmark Inc. increased its position in shares of ANSYS by 468.2% during the fourth quarter. Assetmark Inc. now owns 125 shares of the software maker’s stock valued at $42,000 after buying an additional 103 shares during the period. Millstone Evans Group LLC bought a new position in ANSYS in the fourth quarter worth about $42,000. SBI Securities Co. Ltd. purchased a new stake in ANSYS in the fourth quarter worth about $47,000. Finally, Allworth Financial LP boosted its position in ANSYS by 33.7% during the 4th quarter. Allworth Financial LP now owns 258 shares of the software maker’s stock valued at $92,000 after acquiring an additional 65 shares in the last quarter. Institutional investors own 92.39% of the company’s stock.

Insider Buying and Selling

In other news, Director Glenda Dorchak sold 200 shares of the company’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $336.62, for a total value of $67,324.00. Following the transaction, the director now owns 3,430 shares in the company, valued at approximately $1,154,606.60. This represents a 5.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.46% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

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

ANSYS Price Performance

ANSS stock opened at $286.85 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.01 and a current ratio of 3.01. The firm has a market capitalization of $25.14 billion, a price-to-earnings ratio of 43.79, a PEG ratio of 3.48 and a beta of 1.20. The firm has a 50 day moving average price of $330.70 and a 200-day moving average price of $334.09. ANSYS, Inc. has a 52-week low of $285.93 and a 52-week high of $363.03.

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

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.