Ieq Capital LLC Lowers Position in ANSYS, Inc. (NASDAQ:ANSS)

Ieq Capital LLC lessened its stake in ANSYS, Inc. (NASDAQ:ANSS) by 11.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,076 shares of the software maker’s stock after selling 410 shares during the quarter. Ieq Capital LLC’s holdings in ANSYS were worth $1,038,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of ANSS. Ameliora Wealth Management Ltd. bought a new position in ANSYS during the 4th quarter valued at $27,000. Intact Investment Management Inc. bought a new stake in shares of ANSYS in the 3rd quarter worth $70,000. Allworth Financial LP raised its holdings in shares of ANSYS by 33.7% in the fourth quarter. Allworth Financial LP now owns 258 shares of the software maker’s stock valued at $92,000 after purchasing an additional 65 shares during the last quarter. Brooklyn Investment Group bought a new position in shares of ANSYS during the third quarter valued at about $119,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in ANSYS during the third quarter worth about $174,000. Hedge funds and other institutional investors own 92.39% of the company’s stock.

ANSYS Stock Down 0.2 %

ANSS opened at $333.63 on Tuesday. ANSYS, Inc. has a twelve month low of $289.82 and a twelve month high of $363.03. The company’s 50-day moving average price is $342.51 and its two-hundred day moving average price is $333.36. The stock has a market cap of $29.24 billion, a price-to-earnings ratio of 50.94, a PEG ratio of 3.55 and a beta of 1.12. The company has a quick ratio of 3.11, a current ratio of 3.01 and a debt-to-equity ratio of 0.12.

ANSYS (NASDAQ:ANSS) last posted its quarterly earnings data on Wednesday, February 19th. The software maker reported $3.65 EPS for the quarter, missing the consensus estimate of $3.97 by ($0.32). ANSYS had a net margin of 22.62% and a return on equity of 12.69%. The firm had revenue of $882.17 million during the quarter, compared to analysts’ expectations of $864.46 million. As a group, equities analysts expect that ANSYS, Inc. will post 8.32 earnings per share for the current year.

Insider Transactions at ANSYS

In related news, Director Glenda Dorchak sold 200 shares of the company’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $336.62, for a total transaction of $67,324.00. Following the sale, the director now directly owns 3,430 shares in the company, valued at approximately $1,154,606.60. This represents a 5.51 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.46% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

ANSS has been the subject of several analyst reports. StockNews.com upgraded shares of ANSYS from a “hold” rating to a “buy” rating in a research note on Friday. Rosenblatt Securities increased their price target on ANSYS from $335.00 to $340.00 and gave the company a “neutral” rating in a research report on Friday. Finally, Robert W. Baird upped their price objective on ANSYS from $350.00 to $365.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th.

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.