Torray Investment Partners LLC Sells 517 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Torray Investment Partners LLC lessened its position in ANSYS, Inc. (NASDAQ:ANSS) by 6.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,262 shares of the software maker’s stock after selling 517 shares during the quarter. Torray Investment Partners LLC’s holdings in ANSYS were worth $2,450,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in ANSS. Raymond James & Associates grew its stake in shares of ANSYS by 0.4% during the third quarter. Raymond James & Associates now owns 10,822 shares of the software maker’s stock valued at $3,448,000 after buying an additional 46 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of ANSYS by 29.5% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 3,147 shares of the software maker’s stock valued at $1,003,000 after buying an additional 717 shares during the last quarter. US Bancorp DE grew its stake in shares of ANSYS by 2.3% during the third quarter. US Bancorp DE now owns 26,911 shares of the software maker’s stock valued at $8,575,000 after buying an additional 617 shares during the last quarter. Stephens Inc. AR grew its stake in shares of ANSYS by 3.3% during the third quarter. Stephens Inc. AR now owns 1,579 shares of the software maker’s stock valued at $503,000 after buying an additional 51 shares during the last quarter. Finally, Chicago Partners Investment Group LLC bought a new position in shares of ANSYS during the third quarter valued at about $222,000. Institutional investors own 92.39% of the company’s stock.

Insiders Place Their Bets

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the firm’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $336.62, for a total transaction of $67,324.00. Following the completion of the transaction, the director now owns 3,430 shares of the company’s stock, valued at approximately $1,154,606.60. This trade represents a 5.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.46% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. StockNews.com raised ANSYS from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. Rosenblatt Securities raised their price objective on ANSYS from $335.00 to $340.00 and gave the company a “neutral” rating in a research note on Friday, February 21st. Finally, Robert W. Baird increased their target price on shares of ANSYS from $350.00 to $365.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th.

ANSYS Stock Performance

ANSYS stock opened at $325.44 on Tuesday. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 0.12. The firm has a 50-day moving average of $341.76 and a 200-day moving average of $333.82. The firm has a market cap of $28.53 billion, a P/E ratio of 49.69, a P/E/G ratio of 3.48 and a beta of 1.12. ANSYS, Inc. has a 1-year low of $289.82 and a 1-year high of $363.03.

ANSYS (NASDAQ:ANSS) last issued its quarterly earnings data on Wednesday, February 19th. The software maker reported $3.65 EPS for the quarter, missing the consensus estimate of $3.97 by ($0.32). ANSYS had a return on equity of 12.69% and a net margin of 22.62%. The company had revenue of $882.17 million during the quarter, compared to analysts’ expectations of $864.46 million. Sell-side analysts expect that ANSYS, Inc. will post 8.32 EPS for the current year.

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.