ANSYS, Inc. (NASDAQ:ANSS) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA lessened its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) by 66.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 144,421 shares of the software maker’s stock after selling 291,547 shares during the quarter. Massachusetts Financial Services Co. MA owned about 0.17% of ANSYS worth $46,431,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of ANSS. Quest Partners LLC acquired a new stake in ANSYS during the 4th quarter valued at $29,000. DT Investment Partners LLC grew its holdings in ANSYS by 888.9% during the 2nd 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. Redwood Wealth Management Group LLC acquired a new stake in ANSYS during the 2nd quarter valued at $32,000. DSM Capital Partners LLC acquired a new stake in ANSYS during the 4th quarter valued at $34,000. Finally, Rothschild Investment LLC acquired a new stake in shares of ANSYS during the second quarter worth $38,000. Institutional investors and hedge funds own 92.39% of the company’s stock.

ANSYS Trading Up 2.8 %

Shares of ANSS opened at $322.29 on Friday. The company has a current ratio of 2.95, a quick ratio of 2.95 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $28.14 billion, a P/E ratio of 64.72, a price-to-earnings-growth ratio of 6.80 and a beta of 1.12. The stock’s fifty day simple moving average is $315.90 and its 200 day simple moving average is $325.26. ANSYS, Inc. has a twelve month low of $258.01 and a twelve month high of $364.31.

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. The business had revenue of $594.14 million for the quarter, compared to analyst estimates of $550.30 million. ANSYS had a return on equity of 11.51% and a net margin of 21.30%. The business’s quarterly revenue was up 19.6% on a year-over-year basis. During the same period last year, the company posted $1.06 EPS. On average, equities research analysts forecast that ANSYS, Inc. will post 7.32 earnings per share for the current year.

Insider Buying and Selling at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 159 shares of the firm’s 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 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 filing with the Securities & Exchange Commission, which is available at the SEC website. 0.46% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on ANSS. KeyCorp began coverage on ANSYS in a report on Thursday, June 27th. They set a “sector weight” rating on the stock. Rosenblatt Securities decreased their price objective on ANSYS from $345.00 to $335.00 and set a “neutral” rating on the stock in a report on Tuesday, August 6th. Finally, StockNews.com began coverage on ANSYS in a report on Saturday, September 14th. They set a “hold” rating on the stock. 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 company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $318.33.

ANSYS Company 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.