DNB Asset Management AS Lowers Stock Holdings in ANSYS, Inc. (NASDAQ:ANSS)

DNB Asset Management AS reduced its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) by 53.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,123 shares of the software maker’s stock after selling 25,151 shares during the quarter. DNB Asset Management AS’s holdings in ANSYS were worth $7,113,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the stock. Quest Partners LLC bought a new position in ANSYS in the fourth quarter worth approximately $29,000. DSM Capital Partners LLC purchased a new stake in ANSYS during the fourth quarter worth $34,000. Core Wealth Advisors Inc. acquired a new position in shares of ANSYS during the 4th quarter worth approximately $40,000. Turtle Creek Wealth Advisors LLC purchased a new stake in ANSYS during the 4th quarter worth approximately $47,000. Finally, Frazier Financial Advisors LLC acquired a new stake in shares of ANSYS in the fourth quarter valued at about $51,000. 92.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ANSS has been the topic of a number of research analyst reports. KeyCorp initiated coverage on ANSYS in a research report on Thursday, June 27th. They issued a “sector weight” rating on the stock. StockNews.com started coverage on shares of ANSYS in a research report on Monday. They issued a “hold” rating on the stock. Finally, Rosenblatt Securities decreased their price objective on ANSYS from $345.00 to $335.00 and set a “neutral” rating for the company in a report on Tuesday. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $318.33.

ANSYS Trading Up 2.1 %

NASDAQ ANSS traded up $6.25 on Tuesday, hitting $302.79. 563,641 shares of the company were exchanged, compared to its average volume of 591,585. ANSYS, Inc. has a twelve month low of $258.01 and a twelve month high of $364.31. The company’s 50 day moving average price is $320.97 and its 200-day moving average price is $329.47. The firm has a market capitalization of $26.43 billion, a P/E ratio of 60.81, a price-to-earnings-growth ratio of 6.90 and a beta of 1.11. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.95 and a quick ratio of 2.80.

ANSYS (NASDAQ:ANSS) last issued its earnings results on Wednesday, July 31st. The software maker reported $2.50 earnings per share for the quarter, topping 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 company had revenue of $594.14 million for the quarter, compared to analyst estimates of $550.30 million. During the same period in the prior year, the firm posted $1.06 EPS. The business’s revenue was up 19.6% compared to the same quarter last year. Analysts predict that ANSYS, Inc. will post 7.05 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Glenda Dorchak sold 159 shares of ANSYS stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $330.81, for a total value of $52,598.79. Following the completion of the transaction, the director now directly owns 3,782 shares of the company’s stock, valued at $1,251,123.42. The transaction 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.

About ANSYS

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.