Kintegral Advisory LLC Sells 167 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Kintegral Advisory LLC decreased its holdings in ANSYS, Inc. (NASDAQ:ANSS) by 4.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,581 shares of the software maker’s stock after selling 167 shares during the period. Kintegral Advisory LLC’s holdings in ANSYS were worth $1,208,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in ANSS. Ameliora Wealth Management Ltd. bought a new stake in ANSYS in the 4th quarter valued at $27,000. Intact Investment Management Inc. acquired a new position in shares of ANSYS in the third quarter valued at $70,000. Allworth Financial LP raised its position 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 period. Brooklyn Investment Group acquired a new stake in shares of ANSYS during the 3rd quarter worth about $119,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of ANSYS during the 3rd quarter worth about $174,000. 92.39% of the stock is owned by institutional investors and hedge funds.

ANSYS Stock Performance

Shares of NASDAQ:ANSS opened at $334.21 on Friday. ANSYS, Inc. has a 12-month low of $289.82 and a 12-month high of $363.03. The company’s 50 day moving average price is $342.69 and its two-hundred day moving average price is $332.94. The firm has a market cap of $29.29 billion, a PE ratio of 51.02, 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 issued its quarterly earnings results on Wednesday, February 19th. The software maker reported $3.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.97 by ($0.32). ANSYS had a return on equity of 12.69% and a net margin of 22.62%. The company had revenue of $882.17 million for the quarter, compared to analyst estimates of $864.46 million. Equities research analysts predict that ANSYS, Inc. will post 8.32 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on ANSS shares. Robert W. Baird increased their price target on shares of ANSYS from $350.00 to $365.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. StockNews.com upgraded ANSYS from a “hold” rating to a “buy” rating in a research note on Friday. Finally, Rosenblatt Securities boosted their price target on ANSYS from $335.00 to $340.00 and gave the company a “neutral” rating in a research note on Friday.

Insider Buying and Selling

In related news, Director Glenda Dorchak sold 200 shares of the company’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $336.62, for a total transaction of $67,324.00. Following the completion of the sale, the director now owns 3,430 shares of the company’s stock, valued at $1,154,606.60. This represents a 5.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.46% of the stock is owned by company insiders.

ANSYS Company 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.