Los Angeles Capital Management LLC Sells 46,610 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Los Angeles Capital Management LLC decreased its position in ANSYS, Inc. (NASDAQ:ANSS) by 98.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 680 shares of the software maker’s stock after selling 46,610 shares during the period. Los Angeles Capital Management LLC’s holdings in ANSYS were worth $219,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Treasurer of the State of North Carolina grew its holdings in shares of ANSYS by 11.1% in the 4th quarter. Treasurer of the State of North Carolina now owns 50,703 shares of the software maker’s stock valued at $18,399,000 after buying an additional 5,055 shares during the period. Evoke Wealth LLC acquired a new position in shares of ANSYS in the 4th quarter valued at $3,032,000. Sei Investments Co. grew its holdings in shares of ANSYS by 18.6% in the 4th quarter. Sei Investments Co. now owns 423,106 shares of the software maker’s stock valued at $153,537,000 after buying an additional 66,338 shares during the period. Thematics Asset Management grew its holdings in shares of ANSYS by 25.0% in the 4th quarter. Thematics Asset Management now owns 90,898 shares of the software maker’s stock valued at $32,985,000 after buying an additional 18,173 shares during the period. Finally, Icon Wealth Advisors LLC acquired a new position in shares of ANSYS in the 4th quarter valued at $982,000. Institutional investors and hedge funds own 92.39% of the company’s stock.

ANSYS Trading Down 0.2 %

ANSYS stock opened at $318.51 on Monday. The firm has a 50-day moving average of $316.75 and a 200-day moving average of $325.63. ANSYS, Inc. has a one year low of $258.01 and a one year high of $364.31. 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 has a market cap of $27.81 billion, a price-to-earnings ratio of 63.96, a P/E/G ratio of 6.80 and a beta of 1.12.

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

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on ANSS shares. StockNews.com started coverage on shares of ANSYS in a research note on Saturday. They issued a “hold” rating for the company. KeyCorp started coverage on shares of ANSYS in a research note on Thursday, June 27th. They issued a “sector weight” rating for the company. Finally, Rosenblatt Securities reduced 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. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $318.33.

Insider Activity

In other news, Director Glenda Dorchak sold 159 shares of the company’s stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $330.81, for a total value of $52,598.79. Following the sale, the director now directly owns 3,782 shares of the company’s stock, valued at approximately $1,251,123.42. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.46% of the stock is owned by 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.