ANSYS, Inc. (NASDAQ:ANSS) Shares Sold by Harvey Investment Co. LLC

Harvey Investment Co. LLC cut its position in shares of ANSYS, Inc. (NASDAQ:ANSS) by 0.4% during the third quarter, Holdings Channel reports. The institutional investor owned 100,031 shares of the software maker’s stock after selling 360 shares during the quarter. ANSYS comprises 3.6% of Harvey Investment Co. LLC’s holdings, making the stock its 8th biggest position. Harvey Investment Co. LLC’s holdings in ANSYS were worth $31,873,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bangor Savings Bank lifted its holdings in shares of ANSYS by 32.7% during the 3rd quarter. Bangor Savings Bank now owns 138 shares of the software maker’s stock worth $44,000 after acquiring an additional 34 shares during the period. Wasatch Advisors LP raised its position in ANSYS by 1.8% in the first quarter. Wasatch Advisors LP now owns 2,082 shares of the software maker’s stock worth $723,000 after purchasing an additional 36 shares in the last quarter. Gardner Lewis Asset Management L P lifted its stake in ANSYS by 1.9% during the second quarter. Gardner Lewis Asset Management L P now owns 2,175 shares of the software maker’s stock worth $699,000 after purchasing an additional 40 shares during the period. Mission Wealth Management LP boosted its holdings in ANSYS by 5.7% during the first quarter. Mission Wealth Management LP now owns 758 shares of the software maker’s stock valued at $263,000 after purchasing an additional 41 shares in the last quarter. Finally, Janiczek Wealth Management LLC boosted its holdings in ANSYS by 39.1% during the first quarter. Janiczek Wealth Management LLC now owns 153 shares of the software maker’s stock valued at $53,000 after purchasing an additional 43 shares in the last quarter. 92.39% of the stock is currently owned by institutional investors.

ANSYS Price Performance

ANSYS stock opened at $321.78 on Thursday. ANSYS, Inc. has a 52 week low of $258.01 and a 52 week high of $364.31. The firm has a market cap of $28.09 billion, a P/E ratio of 64.63, a P/E/G ratio of 6.99 and a beta of 1.11. 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 business’s fifty day moving average is $320.51 and its two-hundred day moving average is $322.14.

ANSYS (NASDAQ:ANSS) last issued its quarterly earnings data on Wednesday, July 31st. The software maker reported $2.50 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $550.30 million. During the same quarter in the prior year, the firm earned $1.06 EPS. The company’s revenue was up 19.6% on a year-over-year basis. Equities research analysts forecast that ANSYS, Inc. will post 7.32 earnings per share for the current fiscal year.

Insider Activity at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 152 shares of the company’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $313.61, for a total transaction of $47,668.72. Following the transaction, the director now owns 3,630 shares of the company’s stock, valued at approximately $1,138,404.30. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.46% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Rosenblatt Securities cut their target price on ANSYS from $345.00 to $335.00 and set a “neutral” rating for the company in a research report on Tuesday, August 6th. StockNews.com assumed coverage on ANSYS in a research note on Sunday, September 22nd. They set a “hold” rating for the company. Finally, KeyCorp initiated coverage on shares of ANSYS in a research note on Thursday, June 27th. They issued a “sector weight” rating on the stock. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, ANSYS presently has a consensus rating of “Hold” and a consensus 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.