Schwerin Boyle Capital Management Inc. Sells 2,050 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Schwerin Boyle Capital Management Inc. cut its position in shares of ANSYS, Inc. (NASDAQ:ANSS) by 17.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,825 shares of the software maker’s stock after selling 2,050 shares during the quarter. Schwerin Boyle Capital Management Inc.’s holdings in ANSYS were worth $3,159,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wedmont Private Capital boosted its stake in shares of ANSYS by 1.3% during the 1st quarter. Wedmont Private Capital now owns 2,260 shares of the software maker’s stock worth $779,000 after buying an additional 30 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its position in shares of ANSYS by 3.7% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 897 shares of the software maker’s stock worth $311,000 after purchasing an additional 32 shares during the last quarter. Personal CFO Solutions LLC raised its stake in shares of ANSYS by 2.6% during the 4th quarter. Personal CFO Solutions LLC now owns 1,359 shares of the software maker’s stock worth $493,000 after purchasing an additional 34 shares in the last quarter. FineMark National Bank & Trust boosted its holdings in shares of ANSYS by 4.9% in the 4th quarter. FineMark National Bank & Trust now owns 769 shares of the software maker’s stock valued at $279,000 after buying an additional 36 shares during the last quarter. Finally, Wasatch Advisors LP grew its stake in shares of ANSYS by 1.8% in the first quarter. Wasatch Advisors LP now owns 2,082 shares of the software maker’s stock valued at $723,000 after buying an additional 36 shares in the last quarter. Institutional investors and hedge funds own 92.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on ANSS. Rosenblatt Securities cut their price target 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. StockNews.com started coverage on shares of ANSYS in a research note on Sunday. They issued a “hold” rating for the company. Finally, KeyCorp began coverage on ANSYS in a research report on Thursday, June 27th. They set a “sector weight” rating on the stock. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $318.33.

ANSYS Trading Down 0.6 %

Shares of NASDAQ:ANSS opened at $320.25 on Friday. ANSYS, Inc. has a 12-month low of $258.01 and a 12-month high of $364.31. The business has a 50 day moving average of $315.72 and a 200-day moving average of $325.09. The company has a quick ratio of 2.95, a current ratio of 2.95 and a debt-to-equity ratio of 0.13. The stock has a market cap of $27.96 billion, a PE ratio of 64.31, a P/E/G ratio of 6.80 and a beta of 1.12.

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

Insider Activity at ANSYS

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

ANSYS 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.