DF Dent & Co. Inc. Decreases Holdings in ANSYS, Inc. (NASDAQ:ANSS)

DF Dent & Co. Inc. lessened its position in shares of ANSYS, Inc. (NASDAQ:ANSS) by 9.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 814,596 shares of the software maker’s stock after selling 87,577 shares during the quarter. ANSYS comprises about 3.8% of DF Dent & Co. Inc.’s investment portfolio, making the stock its largest position. DF Dent & Co. Inc. owned approximately 0.94% of ANSYS worth $271,098,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Massmutual Trust Co. FSB ADV boosted its position in shares of ANSYS by 57.1% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 99 shares of the software maker’s stock worth $33,000 after purchasing an additional 36 shares during the last quarter. Colonial Trust Advisors boosted its holdings in ANSYS by 127.7% during the first quarter. Colonial Trust Advisors now owns 107 shares of the software maker’s stock worth $36,000 after buying an additional 60 shares during the last quarter. Venturi Wealth Management LLC acquired a new position in shares of ANSYS during the 1st quarter worth about $36,000. Gyon Technologies Capital Management LP bought a new stake in shares of ANSYS in the 4th quarter valued at about $37,000. Finally, Covestor Ltd raised its position in shares of ANSYS by 327.8% in the 1st quarter. Covestor Ltd now owns 154 shares of the software maker’s stock valued at $49,000 after acquiring an additional 118 shares during the period. 90.21% of the stock is currently owned by institutional investors and hedge funds.

ANSYS Stock Up 0.2 %

Shares of NASDAQ ANSS traded up $0.51 during midday trading on Monday, reaching $314.86. The company’s stock had a trading volume of 249,060 shares, compared to its average volume of 474,806. The stock has a 50 day simple moving average of $320.02 and a 200-day simple moving average of $316.59. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $27.33 billion, a price-to-earnings ratio of 52.39, a PEG ratio of 5.97 and a beta of 1.24. ANSYS, Inc. has a fifty-two week low of $194.23 and a fifty-two week high of $351.23.

ANSYS (NASDAQ:ANSS) last issued its quarterly earnings results on Thursday, August 3rd. The software maker reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.11. ANSYS had a net margin of 24.12% and a return on equity of 11.83%. The firm had revenue of $496.60 million for the quarter, compared to analyst estimates of $490.05 million. During the same period in the previous year, the business earned $1.39 EPS. The company’s revenue was up 4.8% compared to the same quarter last year. Equities research analysts predict that ANSYS, Inc. will post 6.61 earnings per share for the current year.

Insider Activity at ANSYS

In other ANSYS news, CEO Ajei Gopal sold 13,262 shares of the firm’s stock in a transaction that occurred on Tuesday, July 18th. The stock was sold at an average price of $350.04, for a total value of $4,642,230.48. Following the completion of the transaction, the chief executive officer now directly owns 213,977 shares in the company, valued at $74,900,509.08. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Glenda Dorchak sold 200 shares of the company’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $298.99, for a total value of $59,798.00. Following the sale, the director now directly owns 3,621 shares of the company’s stock, valued at approximately $1,082,642.79. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Ajei Gopal sold 13,262 shares of ANSYS stock in a transaction dated Tuesday, July 18th. The stock was sold at an average price of $350.04, for a total value of $4,642,230.48. Following the transaction, the chief executive officer now owns 213,977 shares of the company’s stock, valued at approximately $74,900,509.08. The disclosure for this sale can be found here. Insiders own 0.53% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Barclays boosted their price objective on shares of ANSYS from $292.00 to $303.00 and gave the company an “underweight” rating in a report on Friday, July 14th. StockNews.com started coverage on ANSYS in a research note on Thursday, August 17th. They set a “hold” rating on the stock. Mizuho boosted their target price on ANSYS from $280.00 to $310.00 in a research note on Monday, July 17th. Royal Bank of Canada reiterated a “sector perform” rating and set a $310.00 price objective on shares of ANSYS in a report on Friday, August 4th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $320.00 price objective on shares of ANSYS in a research report on Friday, August 4th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $317.45.

ANSYS Company Profile

ANSYS, Inc develops and markets engineering simulation software and services worldwide. It offers ANSYS Workbench, a framework upon which its multiphysics engineering simulation technologies are built and enables engineers to simulate the interactions between structures, heat transfer, fluids, electronics, and optical elements in a unified engineering simulation environment; high-performance computing product suite and the cloud; power analysis and optimization software suite that manages the power budget, power delivery integrity, and power-induced noise in an electronic design; and structural analysis product suite that provides simulation tools for product design and optimization.