What Hedge Funds Think About ANSYS, Inc. (ANSS)

Page 1 of 2

Now, according to many investors, hedge funds are assumed to be bloated, old financial vehicles of a forgotten age. Although there are over 8,000 hedge funds trading in present day, this site looks at the crème de la crème of this club, around 525 funds. It is assumed that this group oversees the majority of the hedge fund industry’s total assets, and by monitoring their highest quality equity investments, we’ve unsheathed a number of investment strategies that have historically outperformed Mr. Market. Our small-cap hedge fund strategy outstripped the S&P 500 index by 18 percentage points annually for a decade in our back tests, and since we’ve began to sharing our picks with our subscribers at the end of August 2012, we have outclassed the S&P 500 index by 33 percentage points in 11 months (explore the details and some picks here).

Equally as key, optimistic insider trading activity is a second way to analyze the financial markets. Obviously, there are lots of motivations for an upper level exec to downsize shares of his or her company, but just one, very clear reason why they would buy. Various academic studies have demonstrated the useful potential of this method if investors know what to do (learn more here).

ANSYS, Inc. (NASDAQ:ANSS)

Now that that’s out of the way, we’re going to analyze the newest info surrounding ANSYS, Inc. (NASDAQ:ANSS).

What have hedge funds been doing with ANSYS, Inc. (NASDAQ:ANSS)?

Heading into Q3, a total of 12 of the hedge funds we track held long positions in this stock, a change of 0% from the first quarter. With hedgies’ sentiment swirling, there exists an “upper tier” of noteworthy hedge fund managers who were increasing their holdings considerably.

According to our 13F database, Royce & Associates, managed by Chuck Royce, holds the biggest position in ANSYS, Inc. (NASDAQ:ANSS). Royce & Associates has a $50.7 million position in the stock, comprising 0.2% of its 13F portfolio. Sitting at the No. 2 spot is Sandler Capital Management, managed by Andrew Sandler, which held a $22.8 million position; the fund has 0.9% of its 13F portfolio invested in the stock. Other peers that hold long positions include James A. Noonan’s Pivot Point Capital, Van Schreiber’s Bennett Lawrence Management and Charles Akre’s Akre Capital Management.

Since ANSYS, Inc. (NASDAQ:ANSS) has witnessed a fall in interest from upper-tier hedge fund managers, logic holds that there exists a select few money managers that decided to sell off their positions entirely last quarter. At the top of the heap, Matthew Hulsizer’s PEAK6 Capital Management sold off the largest stake of all the hedgies we key on, totaling about $0.5 million in call options.. Mark A. Nordlicht’s fund, Platinum Management, also said goodbye to its call options., about $0 million worth. These transactions are interesting, as total hedge fund interest stayed the same (this is a bearish signal in our experience).

Insider trading activity in ANSYS, Inc. (NASDAQ:ANSS)

Legal insider trading, particularly when it’s bullish, is most useful when the primary stock in question has seen transactions within the past six months. Over the latest 180-day time frame, ANSYS, Inc. (NASDAQ:ANSS) has seen zero unique insiders buying, and zero insider sales (see the details of insider trades here).

We’ll check out the relationship between both of these indicators in other stocks similar to ANSYS, Inc. (NASDAQ:ANSS). These stocks are Mentor Graphics Corp (NASDAQ:MENT), PTC Inc (NASDAQ:PMTC), Concur Technologies, Inc. (NASDAQ:CNQR), National Instruments Corp (NASDAQ:NATI), and Autodesk, Inc. (NASDAQ:ADSK). This group of stocks are the members of the technical & system software industry and their market caps are similar to ANSS’s market cap.

Page 1 of 2
blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools In the World

50 Crazy Facts About Japan You Won’t Believe

Top 10 Least Expensive Hybrid Cars to Save the Planet With

The 10 Biggest ‘Gate’ Controversies in History

The 10 States with the Highest Nursing Shortages Leaving Their Hospitals Depleted

The 10 Best Value Investment Blogs that Every Investor Must Read

The 6 Cheapest Boarding Schools in Europe 2015

The 5 Most Expensive Cars To Insure in the World

The 10 Most Common Genetically Modified Foods

10 Self-Made Billionaires Who Came From Nothing

The 10 Most Expensive Cities to Live in North America

The 13 Most Expensive Headphones in the World to Represent

The Top 20 Wealthiest Soccer Teams in 2014

4 BuzzWorthy Cannabis Stocks And Some Smoking Derivative Plays

The 10 Healthiest Fast Food Chains in America to Dine At

The 5 Most Expensive Cat Food Brands You Can Spoil Your Kitty With

The 6 Best eCommerce Platforms for Small Businesses

The 10 Worst Mistakes an Entrepreneur Can Make

The 5 Most OP Characters in League of Legends to Carry Games and Crush Foes With

The 5 Best Foods to Eat Before Running that Will Help You Pound the Pavement

10 Glaring Plot Holes in The Walking Dead that a Zombie-Filled Bus Could Drive Through

The 5 Biggest Celebrity Stoners Who Love Their Reefer

The 10 Most Overrated Movies Of All Time by Out-of-Touch Critics

Top 6 Least Expensive Cruise Destinations For 2015 that Will Take You to Paradise

10 States with Lowest Substance Abuse Rates in America

The 14 Most Watched TV Finales Ever

The 10 Best Selling Role Playing Games of All Time for PC

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

Top 6 Cities For The Ultra Rich to Live in Comfort

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

How to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!