Carderock Capital Management Inc. Sells 209 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Carderock Capital Management Inc. trimmed its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS) by 0.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,772 shares of the software maker’s stock after selling 209 shares during the period. ANSYS comprises 2.6% of Carderock Capital Management Inc.’s investment portfolio, making the stock its 5th largest position. Carderock Capital Management Inc.’s holdings in ANSYS were worth $7,033,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Rhumbline Advisers raised its stake in shares of ANSYS by 1.2% during the third quarter. Rhumbline Advisers now owns 156,885 shares of the software maker’s stock valued at $34,728,000 after purchasing an additional 1,794 shares during the period. State of New Jersey Common Pension Fund D raised its stake in shares of ANSYS by 86.2% during the third quarter. State of New Jersey Common Pension Fund D now owns 68,900 shares of the software maker’s stock valued at $15,252,000 after purchasing an additional 31,900 shares during the period. Squar Milner Financial Services LLC raised its stake in shares of ANSYS by 27.9% during the third quarter. Squar Milner Financial Services LLC now owns 509 shares of the software maker’s stock valued at $112,000 after purchasing an additional 111 shares during the period. State of Michigan Retirement System raised its stake in shares of ANSYS by 0.5% during the third quarter. State of Michigan Retirement System now owns 20,200 shares of the software maker’s stock valued at $4,471,000 after purchasing an additional 100 shares during the period. Finally, World Asset Management Inc raised its stake in shares of ANSYS by 1.7% during the third quarter. World Asset Management Inc now owns 5,875 shares of the software maker’s stock valued at $1,300,000 after purchasing an additional 99 shares during the period. 93.78% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ:ANSS opened at $216.08 on Thursday. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.03. The company has a fifty day simple moving average of $217.94 and a 200 day simple moving average of $203.25. The firm has a market cap of $18.02 billion, a PE ratio of 41.47 and a beta of 1.39. ANSYS, Inc. has a 12-month low of $136.80 and a 12-month high of $229.20.

ANSYS (NASDAQ:ANSS) last issued its quarterly earnings results on Monday, August 5th. The software maker reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.09 by $0.25. The business had revenue of $370.51 million during the quarter, compared to analyst estimates of $338.31 million. ANSYS had a net margin of 31.53% and a return on equity of 17.17%. The business’s revenue was up 20.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.35 earnings per share. As a group, equities research analysts forecast that ANSYS, Inc. will post 5.2 EPS for the current fiscal year.

In related news, VP Janet Lee sold 1,174 shares of ANSYS stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $215.26, for a total value of $252,715.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.11% of the stock is currently owned by insiders.

A number of analysts have recently issued reports on ANSS shares. Evercore ISI reiterated a “hold” rating and set a $160.00 price objective on shares of ANSYS in a research note on Tuesday, August 6th. Citigroup started coverage on shares of ANSYS in a research note on Monday, July 22nd. They set a “buy” rating and a $250.00 price objective on the stock. Wedbush lifted their price objective on shares of ANSYS from $232.00 to $254.00 and gave the company an “outperform” rating in a research note on Friday, September 13th. Benchmark lifted their price objective on shares of ANSYS from $210.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday, September 11th. Finally, Griffin Securities upgraded shares of ANSYS from a “neutral” rating to a “buy” rating and set a $240.00 price objective on the stock in a research note on Friday, September 13th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. ANSYS presently has an average rating of “Buy” and a consensus price target of $220.50.

ANSYS Profile

ANSYS, Inc develops and markets engineering simulation software and services worldwide. The company offers ANSYS Workbench, a framework upon which the company's engineering simulation technologies are built; ANSYS multiphysics software to simulate the interactions between structures, heat transfer, fluids, and electronics in a unified engineering simulation environment; and structural analysis product suite that provides simulation tools for product design and optimization.

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Institutional Ownership by Quarter for ANSYS (NASDAQ:ANSS)

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