ProShare Advisors LLC Sells 10,021 Shares of ANSYS, Inc. (NASDAQ:ANSS)

ProShare Advisors LLC cut its holdings in ANSYS, Inc. (NASDAQ:ANSS) by 9.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 91,944 shares of the software maker’s stock after selling 10,021 shares during the period. ProShare Advisors LLC owned approximately 0.11% of ANSYS worth $29,560,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Treasurer of the State of North Carolina boosted its stake in shares of ANSYS by 11.1% during the 4th quarter. Treasurer of the State of North Carolina now owns 50,703 shares of the software maker’s stock worth $18,399,000 after acquiring an additional 5,055 shares in the last quarter. Evoke Wealth LLC acquired a new position in ANSYS during the fourth quarter valued at approximately $3,032,000. Sei Investments Co. raised its position in shares of ANSYS by 18.6% in the fourth quarter. Sei Investments Co. now owns 423,106 shares of the software maker’s stock valued at $153,537,000 after purchasing an additional 66,338 shares during the period. Thematics Asset Management lifted its stake in shares of ANSYS by 25.0% in the fourth quarter. Thematics Asset Management now owns 90,898 shares of the software maker’s stock worth $32,985,000 after buying an additional 18,173 shares during the last quarter. Finally, Icon Wealth Advisors LLC bought a new stake in shares of ANSYS during the 4th quarter worth $982,000. 92.39% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other ANSYS news, Director Glenda Dorchak sold 159 shares of the business’s stock in a transaction on 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 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 Securities & Exchange Commission, which is available at this link. 0.46% of the stock is owned by company insiders.

ANSYS Stock Down 0.6 %

Shares of ANSS opened at $320.25 on Monday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.95 and a current ratio of 2.95. The company has a 50-day simple moving average of $315.72 and a 200-day simple moving average of $325.02. ANSYS, Inc. has a 52 week low of $258.01 and a 52 week high of $364.31. The firm has a market capitalization of $27.96 billion, a P/E ratio of 64.31, a P/E/G 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, beating 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 firm had revenue of $594.14 million during the quarter, compared to analysts’ expectations of $550.30 million. During the same quarter in the prior year, the firm posted $1.06 EPS. The company’s revenue for the quarter was up 19.6% on a year-over-year basis. On average, equities research analysts expect that ANSYS, Inc. will post 7.32 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ANSS. KeyCorp began coverage on shares of ANSYS in a report on Thursday, June 27th. They issued a “sector weight” rating on the stock. StockNews.com began coverage on ANSYS in a research report on Sunday. They issued a “hold” rating on the stock. Finally, Rosenblatt Securities cut their price objective on ANSYS from $345.00 to $335.00 and set a “neutral” rating for the company in a research report on Tuesday, August 6th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $318.33.

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.