STF Management LP Sells 55 Shares of ANSYS, Inc. (NASDAQ:ANSS)

STF Management LP cut its position in shares of ANSYS, Inc. (NASDAQ:ANSS) by 3.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,388 shares of the software maker’s stock after selling 55 shares during the quarter. STF Management LP’s holdings in ANSYS were worth $446,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Quest Partners LLC bought a new position in shares of ANSYS during the 4th quarter valued at about $29,000. DT Investment Partners LLC increased its position in shares of ANSYS by 888.9% during the 2nd quarter. DT Investment Partners LLC now owns 89 shares of the software maker’s stock valued at $29,000 after purchasing an additional 80 shares during the last quarter. DSM Capital Partners LLC bought a new position in shares of ANSYS during the 4th quarter valued at about $34,000. Redwood Wealth Management Group LLC bought a new position in shares of ANSYS during the 2nd quarter valued at about $32,000. Finally, Core Wealth Advisors Inc. bought a new position in shares of ANSYS during the 4th quarter valued at about $40,000. 92.39% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Glenda Dorchak sold 159 shares of the stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $330.81, for a total value of $52,598.79. Following the completion of the transaction, the director now owns 3,782 shares of the company’s stock, valued at approximately $1,251,123.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.46% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ANSS. Rosenblatt Securities reduced their price objective on ANSYS from $345.00 to $335.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 6th. KeyCorp assumed coverage on ANSYS in a report on Thursday, June 27th. They set a “sector weight” rating for the company. Finally, StockNews.com assumed coverage on ANSYS in a report on Saturday. They set a “hold” rating for the company. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, ANSYS presently has an average rating of “Hold” and a consensus target price of $318.33.

ANSYS Trading Down 0.1 %

NASDAQ ANSS opened at $318.05 on Tuesday. ANSYS, Inc. has a fifty-two week low of $258.01 and a fifty-two week high of $364.31. 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 stock has a 50 day simple moving average of $316.56 and a two-hundred day simple moving average of $325.52. The stock has a market cap of $27.77 billion, a P/E ratio of 63.87, a price-to-earnings-growth ratio of 6.80 and a beta of 1.12.

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

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.