Point72 Asset Management L.P. Boosts Stock Holdings in ANSYS, Inc. (NASDAQ:ANSS)

Point72 Asset Management L.P. lifted its position in shares of ANSYS, Inc. (NASDAQ:ANSS) by 210.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 325,000 shares of the software maker’s stock after acquiring an additional 220,200 shares during the period. Point72 Asset Management L.P. owned approximately 0.37% of ANSYS worth $117,936,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the company. CVA Family Office LLC purchased a new position in shares of ANSYS during the 4th quarter worth $28,000. Raleigh Capital Management Inc. raised its holdings in shares of ANSYS by 135.7% in the third quarter. Raleigh Capital Management Inc. now owns 99 shares of the software maker’s stock worth $29,000 after buying an additional 57 shares during the period. Quest Partners LLC bought a new stake in shares of ANSYS during the 4th quarter worth approximately $29,000. DSM Capital Partners LLC purchased a new stake in ANSYS in the fourth quarter worth $34,000. Finally, Core Wealth Advisors Inc. bought a new position in ANSYS in the 4th quarter worth about $40,000. 92.39% of the stock is currently owned by hedge funds and other institutional investors.

ANSYS Stock Performance

Shares of NASDAQ ANSS traded down $0.18 during midday trading on Tuesday, reaching $323.13. The company had a trading volume of 581,468 shares, compared to its average volume of 615,934. ANSYS, Inc. has a 1 year low of $258.01 and a 1 year high of $364.31. The business’s 50-day simple moving average is $327.85 and its 200 day simple moving average is $329.95. The company has a current ratio of 2.80, a quick ratio of 2.80 and a debt-to-equity ratio of 0.14. The stock has a market cap of $28.21 billion, a P/E ratio of 64.89, a P/E/G ratio of 7.11 and a beta of 1.14.

ANSYS (NASDAQ:ANSS) last issued its quarterly earnings results on Wednesday, May 1st. The software maker reported $1.39 EPS for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.54). The firm had revenue of $466.60 million for the quarter, compared to analyst estimates of $549.85 million. ANSYS had a return on equity of 10.45% and a net margin of 19.51%. The business’s revenue was down 8.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.45 EPS. On average, analysts forecast that ANSYS, Inc. will post 7.16 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. StockNews.com assumed coverage on ANSYS in a report on Monday. They set a “hold” rating for the company. Barclays boosted their target price on shares of ANSYS from $314.00 to $340.00 and gave the stock an “underweight” rating in a report on Thursday, February 22nd. Finally, Rosenblatt Securities reaffirmed a “neutral” rating and issued a $345.00 price objective on shares of ANSYS in a research report on Friday, May 3rd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $320.00.

Insiders Place Their Bets

In other news, Director Glenda Dorchak sold 150 shares of the firm’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $342.08, for a total transaction of $51,312.00. Following the sale, the director now directly owns 3,049 shares in the company, valued at approximately $1,043,001.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.46% of the stock is currently owned by insiders.

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.