ANSYS, Inc. (NASDAQ:ANSS) Shares Sold by Sentry Investment Management LLC

Sentry Investment Management LLC reduced its position in ANSYS, Inc. (NASDAQ:ANSS) by 23.1% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 250 shares of the software maker’s stock after selling 75 shares during the quarter. Sentry Investment Management LLC’s holdings in ANSYS were worth $79,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of ANSS. Caprock Group LLC lifted its position in ANSYS by 6.7% in the fourth quarter. Caprock Group LLC now owns 750 shares of the software maker’s stock valued at $253,000 after purchasing an additional 47 shares during the period. Chicago Partners Investment Group LLC lifted its holdings in shares of ANSYS by 10.9% in the 4th quarter. Chicago Partners Investment Group LLC now owns 766 shares of the software maker’s stock valued at $263,000 after buying an additional 75 shares during the period. Trust Point Inc. purchased a new stake in shares of ANSYS in the fourth quarter valued at approximately $745,000. E. Ohman J or Asset Management AB boosted its stake in shares of ANSYS by 15.3% in the fourth quarter. E. Ohman J or Asset Management AB now owns 4,150 shares of the software maker’s stock valued at $1,400,000 after buying an additional 550 shares in the last quarter. Finally, Choreo LLC grew its holdings in ANSYS by 50.0% during the fourth quarter. Choreo LLC now owns 2,781 shares of the software maker’s stock worth $940,000 after acquiring an additional 927 shares during the period. Hedge funds and other institutional investors own 92.39% of the company’s stock.

Insiders Place Their Bets

In related news, Director Glenda Dorchak sold 200 shares of the stock in a transaction on Monday, April 14th. The stock was sold at an average price of $300.01, for a total transaction of $60,002.00. Following the sale, the director now owns 3,230 shares of the company’s stock, valued at $969,032.30. This trade represents a 5.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.61% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

ANSS has been the topic of several research analyst reports. Wall Street Zen lowered shares of ANSYS from a “buy” rating to a “hold” rating in a research report on Wednesday, May 7th. Rosenblatt Securities boosted their price objective on shares of ANSYS from $335.00 to $340.00 and gave the stock a “neutral” rating in a report on Friday, February 21st.

ANSYS Stock Up 0.5%

ANSS opened at $336.61 on Thursday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.01 and a current ratio of 3.01. The company has a market cap of $29.59 billion, a price-to-earnings ratio of 51.39, a PEG ratio of 3.48 and a beta of 1.19. ANSYS, Inc. has a one year low of $275.06 and a one year high of $363.03. The business’s fifty day moving average is $321.30 and its two-hundred day moving average is $332.73.

ANSYS (NASDAQ:ANSS) last released its quarterly earnings results on Wednesday, April 30th. The software maker reported $1.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.75 by ($0.11). The firm had revenue of $504.89 million for the quarter, compared to analyst estimates of $516.81 million. ANSYS had a return on equity of 12.69% and a net margin of 22.62%. The company’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period last year, the firm earned $1.39 EPS. Analysts anticipate that ANSYS, Inc. will post 8.32 EPS for the current fiscal year.

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.