ANSYS, Inc. (NASDAQ:ANSS) Shares Sold by 9258 Wealth Management LLC

9258 Wealth Management LLC lowered its position in ANSYS, Inc. (NASDAQ:ANSS) by 13.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 635 shares of the software maker’s stock after selling 98 shares during the quarter. 9258 Wealth Management LLC’s holdings in ANSYS were worth $220,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in ANSS. CVA Family Office LLC bought a new position in ANSYS during the 4th quarter valued at $28,000. Raleigh Capital Management Inc. lifted its position in shares of ANSYS by 135.7% during the 3rd quarter. Raleigh Capital Management Inc. now owns 99 shares of the software maker’s stock valued at $29,000 after acquiring an additional 57 shares during the last quarter. Quest Partners LLC acquired a new stake in shares of ANSYS during the 4th quarter valued at $29,000. DSM Capital Partners LLC acquired a new stake in shares of ANSYS during the 4th quarter valued at $34,000. Finally, Core Wealth Advisors Inc. acquired a new stake in shares of ANSYS during the 4th quarter valued at $40,000. Institutional investors own 92.39% of the company’s stock.

ANSYS Price Performance

Shares of ANSYS stock traded down $3.84 during midday trading on Thursday, reaching $327.16. The company had a trading volume of 271,127 shares, compared to its average volume of 609,267. The company has a current ratio of 2.80, a quick ratio of 2.80 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $28.56 billion, a price-to-earnings ratio of 66.47, a price-to-earnings-growth ratio of 7.30 and a beta of 1.11. The stock has a fifty day simple moving average of $324.99 and a 200 day simple moving average of $333.95. ANSYS, Inc. has a 1-year low of $258.01 and a 1-year high of $364.31.

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

Insiders Place Their Bets

In other news, Director Glenda Dorchak sold 159 shares of ANSYS 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 transaction, the director now directly owns 3,782 shares of the company’s stock, valued at $1,251,123.42. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.46% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Rosenblatt Securities restated a “neutral” rating and issued a $345.00 target price on shares of ANSYS in a report on Friday, May 3rd. StockNews.com began coverage on ANSYS in a report on Thursday, July 4th. They issued a “hold” rating for the company. Finally, KeyCorp began coverage on shares of ANSYS in a research note on Thursday, June 27th. They issued a “sector weight” rating on the stock. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, ANSYS has a consensus rating of “Hold” and a consensus target price of $320.00.

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.