ANSYS, Inc. (NASDAQ:ANSS) Shares Sold by King Luther Capital Management Corp

King Luther Capital Management Corp reduced its position in shares of ANSYS, Inc. (NASDAQ:ANSS) by 6.5% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 68,052 shares of the software maker’s stock after selling 4,769 shares during the quarter. King Luther Capital Management Corp owned about 0.08% of ANSYS worth $21,879,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Quest Partners LLC acquired a new stake in ANSYS during the fourth quarter valued at approximately $29,000. DT Investment Partners LLC lifted its position in shares of 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 acquiring an additional 80 shares during the last quarter. Redwood Wealth Management Group LLC bought a new stake in shares of ANSYS during the 2nd quarter worth $32,000. DSM Capital Partners LLC acquired a new position in shares of ANSYS in the 4th quarter worth $34,000. Finally, Rothschild Investment LLC acquired a new stake in shares of ANSYS during the second quarter worth $38,000. 92.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ANSS has been the subject of a number of recent analyst reports. KeyCorp initiated coverage on ANSYS in a research report on Thursday, June 27th. They issued a “sector weight” rating for the company. StockNews.com assumed coverage on shares of ANSYS in a report on Saturday, September 14th. They issued a “hold” rating for the company. Finally, Rosenblatt Securities dropped their target price on shares of ANSYS from $345.00 to $335.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 6th. Two investment 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.com, the company currently has a consensus rating of “Hold” and an average price target of $318.33.

ANSYS Trading Down 0.6 %

Shares of NASDAQ ANSS opened at $320.25 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. ANSYS, Inc. has a one year low of $258.01 and a one year high of $364.31. The business has a 50-day moving average price of $315.72 and a two-hundred day moving average price of $325.12. The firm has a market capitalization of $27.96 billion, a PE ratio of 64.31, a PEG ratio of 6.80 and a beta of 1.12.

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

Insider Buying and Selling

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

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.