ANSYS, Inc. (NASDAQ:ANSS) Stake Lessened by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC cut its stake in ANSYS, Inc. (NASDAQ:ANSS) by 98.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 680 shares of the software maker’s stock after selling 46,610 shares during the quarter. Los Angeles Capital Management LLC’s holdings in ANSYS were worth $219,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of ANSS. Jump Financial LLC acquired a new position in shares of ANSYS in the fourth quarter worth $257,000. Independent Advisor Alliance acquired a new position in shares of ANSYS in the fourth quarter worth $213,000. ING Groep NV raised its holdings in ANSYS by 637.1% during the fourth quarter. ING Groep NV now owns 9,147 shares of the software maker’s stock valued at $3,319,000 after buying an additional 7,906 shares in the last quarter. Norges Bank bought a new position in ANSYS during the fourth quarter valued at about $282,329,000. Finally, BI Asset Management Fondsmaeglerselskab A S raised its holdings in ANSYS by 7.6% during the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 2,431 shares of the software maker’s stock valued at $882,000 after buying an additional 171 shares in the last quarter. 92.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have weighed in 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 dropped their price objective on ANSYS from $345.00 to $335.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 6th. Finally, StockNews.com assumed coverage on ANSYS in a research report on Saturday. They set a “hold” rating on the stock. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $318.33.

Insider Buying and Selling

In other ANSYS news, Director Glenda Dorchak sold 159 shares of the company’s stock in a transaction 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 owns 3,782 shares in the company, valued at approximately $1,251,123.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.46% of the stock is currently owned by corporate insiders.

ANSYS Stock Down 0.2 %

Shares of ANSS opened at $318.51 on Monday. 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 business’s 50 day simple moving average is $316.75 and its 200-day simple moving average is $325.63. ANSYS, Inc. has a one year low of $258.01 and a one year high of $364.31. The company has a market capitalization of $27.81 billion, a P/E ratio of 63.96, a PEG 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 earnings per share for the quarter, topping the consensus estimate of $1.92 by $0.58. ANSYS had a net margin of 21.30% and a return on equity of 11.51%. The firm had revenue of $594.14 million during the quarter, compared to analysts’ expectations of $550.30 million. During the same quarter in the previous year, the company posted $1.06 EPS. ANSYS’s revenue was up 19.6% on a year-over-year basis. As a group, sell-side analysts predict that ANSYS, Inc. will post 7.32 EPS for the current fiscal year.

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.