Los Angeles Capital Management LLC Cuts Holdings in ANSYS, Inc. (NASDAQ:ANSS)

Los Angeles Capital Management LLC trimmed its holdings in shares of ANSYS, Inc. (NASDAQ:ANSSFree Report) by 7.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 47,290 shares of the software maker’s stock after selling 4,028 shares during the period. Los Angeles Capital Management LLC’s holdings in ANSYS were worth $16,417,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Walden Wealth Partners LLC purchased a new position in shares of ANSYS during the 4th quarter worth approximately $290,000. Vanguard Group Inc. increased its stake in ANSYS by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 10,161,057 shares of the software maker’s stock valued at $3,687,244,000 after purchasing an additional 132,206 shares in the last quarter. Wahed Invest LLC increased its stake in ANSYS by 6.4% in the 4th quarter. Wahed Invest LLC now owns 1,477 shares of the software maker’s stock valued at $536,000 after purchasing an additional 89 shares in the last quarter. American International Group Inc. increased its stake in ANSYS by 1.5% in the 4th quarter. American International Group Inc. now owns 33,433 shares of the software maker’s stock valued at $12,132,000 after purchasing an additional 493 shares in the last quarter. Finally, V Square Quantitative Management LLC increased its stake in ANSYS by 29.1% in the 4th quarter. V Square Quantitative Management LLC now owns 1,698 shares of the software maker’s stock valued at $616,000 after purchasing an additional 383 shares in the last quarter. 92.39% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at ANSYS

In other news, Director Glenda Dorchak sold 150 shares of the firm’s stock in a transaction on 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 owns 3,049 shares in the company, valued at $1,043,001.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.46% of the company’s stock.

ANSYS Price Performance

NASDAQ:ANSS traded down $2.10 during trading hours on Wednesday, reaching $325.13. 828,322 shares of the company traded hands, compared to its average volume of 449,371. The firm’s 50-day moving average is $326.02 and its 200-day moving average is $330.98. The stock has a market cap of $28.38 billion, a P/E ratio of 65.29, a P/E/G ratio of 7.17 and a beta of 1.14. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.80 and a quick ratio of 2.80. ANSYS, Inc. has a 1-year low of $258.01 and a 1-year high of $364.31.

ANSYS (NASDAQ:ANSSGet Free Report) last announced its 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). ANSYS had a net margin of 19.51% and a return on equity of 10.45%. The company had revenue of $466.60 million for the quarter, compared to analyst estimates of $549.85 million. During the same quarter last year, the company posted $1.45 EPS. ANSYS’s quarterly revenue was down 8.4% compared to the same quarter last year. Equities research analysts expect that ANSYS, Inc. will post 7.16 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ANSS has been the subject of several research analyst reports. StockNews.com initiated coverage on ANSYS in a research note on Tuesday. They issued a “hold” rating for the company. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $345.00 price objective on shares of ANSYS in a research note on Friday, May 3rd. Finally, Barclays raised their price objective on ANSYS from $314.00 to $340.00 and gave the company an “underweight” rating in a research note on Thursday, February 22nd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $320.00.

View Our Latest Analysis on ANSYS

About ANSYS

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for ANSYS (NASDAQ:ANSS)

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