Beverly Hills Private Wealth LLC Sells 108 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Beverly Hills Private Wealth LLC lowered its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) by 6.9% in the second quarter, Holdings Channel reports. The institutional investor owned 1,465 shares of the software maker’s stock after selling 108 shares during the period. Beverly Hills Private Wealth LLC’s holdings in ANSYS were worth $471,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Quest Partners LLC purchased a new stake in shares of ANSYS during the 4th quarter worth $29,000. DT Investment Partners LLC lifted its position in shares of ANSYS by 888.9% during the second quarter. DT Investment Partners LLC now owns 89 shares of the software maker’s stock valued at $29,000 after buying an additional 80 shares during the last quarter. DSM Capital Partners LLC bought a new stake in shares of ANSYS in the 4th quarter valued at about $34,000. Core Wealth Advisors Inc. bought a new stake in shares of ANSYS in the 4th quarter valued at about $40,000. Finally, Rothschild Investment LLC purchased a new position in shares of ANSYS in the 2nd quarter worth approximately $38,000. Institutional investors own 92.39% of the company’s stock.

ANSYS Price Performance

Shares of ANSS opened at $319.13 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.95 and a quick ratio of 2.95. The company’s fifty day moving average price is $317.00 and its 200-day moving average price is $325.88. ANSYS, Inc. has a 1-year low of $258.01 and a 1-year high of $364.31. The firm has a market capitalization of $27.86 billion, a PE ratio of 64.08, a price-to-earnings-growth ratio of 6.54 and a beta of 1.12.

ANSYS (NASDAQ:ANSS) last posted its quarterly earnings results on Wednesday, July 31st. The software maker reported $2.50 earnings per share for the quarter, beating the consensus estimate of $1.92 by $0.58. ANSYS had a return on equity of 11.51% and a net margin of 21.30%. The business had revenue of $594.14 million for the quarter, compared to the consensus estimate of $550.30 million. During the same quarter in the previous year, the business earned $1.06 EPS. The company’s quarterly revenue was up 19.6% compared to the same quarter last year. On average, equities research analysts predict that ANSYS, Inc. will post 7.32 EPS for the current year.

Insider Buying and Selling

In other ANSYS news, Director Glenda Dorchak sold 159 shares of ANSYS stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $330.81, for a total transaction of $52,598.79. Following the completion of the sale, the director now directly owns 3,782 shares in the company, valued at approximately $1,251,123.42. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.46% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have weighed in on ANSS shares. Rosenblatt Securities lowered their target price on shares of ANSYS from $345.00 to $335.00 and set a “neutral” rating for the company in a research note on Tuesday, August 6th. KeyCorp started coverage on ANSYS in a research report on Thursday, June 27th. They issued a “sector weight” rating for the company. Finally, StockNews.com initiated coverage on ANSYS in a research note on Friday, September 6th. They set a “hold” rating on the stock. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, ANSYS presently has an average rating of “Hold” and a consensus target price of $318.33.

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.