Torray Investment Partners LLC Sells 517 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Torray Investment Partners LLC lowered its position in shares of ANSYS, Inc. (NASDAQ:ANSS) by 6.6% in the 4th quarter, Holdings Channel.com reports. The fund owned 7,262 shares of the software maker’s stock after selling 517 shares during the quarter. Torray Investment Partners LLC’s holdings in ANSYS were worth $2,450,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in ANSS. Proficio Capital Partners LLC bought a new stake in shares of ANSYS during the fourth quarter valued at approximately $119,140,000. D1 Capital Partners L.P. bought a new stake in shares of ANSYS during the third quarter valued at approximately $73,345,000. State Street Corp increased its position in shares of ANSYS by 3.0% during the third quarter. State Street Corp now owns 3,703,249 shares of the software maker’s stock valued at $1,179,966,000 after acquiring an additional 106,187 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of ANSYS by 34.9% during the third quarter. JPMorgan Chase & Co. now owns 386,708 shares of the software maker’s stock valued at $123,217,000 after acquiring an additional 100,042 shares in the last quarter. Finally, CCLA Investment Management grew its position in ANSYS by 11.9% in the 4th quarter. CCLA Investment Management now owns 445,891 shares of the software maker’s stock worth $150,381,000 after purchasing an additional 47,331 shares during the period. Institutional investors own 92.39% of the company’s stock.

ANSYS Trading Down 2.3 %

NASDAQ:ANSS opened at $325.44 on Tuesday. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 0.12. ANSYS, Inc. has a 12 month low of $289.82 and a 12 month high of $363.03. The company has a market cap of $28.53 billion, a PE ratio of 49.69, a price-to-earnings-growth ratio of 3.48 and a beta of 1.12. The company has a 50 day simple moving average of $341.76 and a two-hundred day simple moving average of $333.82.

ANSYS (NASDAQ:ANSS) last issued its quarterly earnings results on Wednesday, February 19th. The software maker reported $3.65 earnings per share for the quarter, missing the consensus estimate of $3.97 by ($0.32). The business had revenue of $882.17 million for the quarter, compared to analysts’ expectations of $864.46 million. ANSYS had a return on equity of 12.69% and a net margin of 22.62%. Research analysts forecast 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 ANSYS stock in a transaction 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 transaction, the director now owns 3,430 shares in the company, valued at approximately $1,154,606.60. The trade was a 5.51 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.46% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Rosenblatt Securities lifted their target price on shares of ANSYS from $335.00 to $340.00 and gave the stock a “neutral” rating in a research report on Friday, February 21st. StockNews.com raised shares of ANSYS from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. Finally, Robert W. Baird lifted their target price on shares of ANSYS from $350.00 to $365.00 and gave the stock an “outperform” rating in a research report 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.