Oppenheimer Asset Management Inc. Sells 5,251 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Oppenheimer Asset Management Inc. lessened its position in ANSYS, Inc. (NASDAQ:ANSS) by 16.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 26,225 shares of the software maker’s stock after selling 5,251 shares during the period. Oppenheimer Asset Management Inc.’s holdings in ANSYS were worth $9,104,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. CVA Family Office LLC bought a new stake in shares of ANSYS in the 4th quarter valued at $28,000. Raleigh Capital Management Inc. raised its position in shares of ANSYS by 135.7% during the third quarter. Raleigh Capital Management Inc. now owns 99 shares of the software maker’s stock worth $29,000 after purchasing an additional 57 shares during the period. Quest Partners LLC bought a new position in shares of ANSYS during the 4th quarter valued at about $29,000. DSM Capital Partners LLC acquired a new position in shares of ANSYS in the 4th quarter valued at approximately $34,000. Finally, Core Wealth Advisors Inc. bought a new stake in ANSYS during the 4th quarter worth approximately $40,000. 92.39% of the stock is currently owned by institutional investors and hedge funds.

ANSYS Stock Up 0.6 %

NASDAQ:ANSS traded up $2.09 on Friday, hitting $329.36. 232,476 shares of the company’s stock were exchanged, compared to its average volume of 545,949. The firm has a 50-day moving average price of $325.44 and a 200-day moving average price of $333.71. ANSYS, Inc. has a 52 week low of $258.01 and a 52 week high of $364.31. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.80 and a quick ratio of 2.80. The company has a market cap of $28.75 billion, a P/E ratio of 66.14, a price-to-earnings-growth ratio of 7.29 and a beta of 1.11.

ANSYS (NASDAQ:ANSS) last issued its quarterly earnings results on Wednesday, May 1st. The software maker reported $1.39 EPS for the quarter, missing the consensus estimate of $1.93 by ($0.54). The company had revenue of $466.60 million for the quarter, compared to analyst estimates of $549.85 million. ANSYS had a net margin of 19.51% and a return on equity of 10.45%. The business’s revenue for the quarter was down 8.4% on a year-over-year basis. During the same period last year, the company posted $1.45 earnings per share. As a group, analysts expect that ANSYS, Inc. will post 7.05 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ANSS. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $345.00 price target on shares of ANSYS in a research note on Friday, May 3rd. KeyCorp started coverage on shares of ANSYS in a research report on Thursday, June 27th. They issued a “sector weight” rating on the stock. Finally, StockNews.com began coverage on ANSYS in a report on Friday. They set a “hold” rating for the company. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $320.00.

Insider Activity at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 159 shares of the company’s stock in a transaction on Monday, July 8th. The shares were sold at an average price of $330.81, for a total transaction of $52,598.79. Following the sale, the director now directly owns 3,782 shares of the company’s stock, valued at $1,251,123.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.46% of the stock is owned by company insiders.

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.