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flag Davis R M Inc. and AlphaQuest LLC cut their stakes in ANSYS, which missed earnings forecasts.

flag Institutional investor Davis R M Inc. sold 44,050 shares of ANSYS, reducing its holdings by 51.5%. flag ANSYS reported earnings per share of $3.65, missing forecasts. flag The company has a market cap of $27.94 billion and a P/E ratio of 48.66. flag Analysts predict ANSYS will post earnings of $8.32 per share this year. flag Another investor, AlphaQuest LLC, also cut its ANSYS holdings by 46.3%.

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