ANSYS, Inc. (NASDAQ:ANSS) Shares Sold by Tandem Investment Advisors Inc.

Tandem Investment Advisors Inc. lowered its holdings in ANSYS, Inc. (NASDAQ:ANSS) by 5.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,693 shares of the software maker’s stock after selling 574 shares during the period. Tandem Investment Advisors Inc.’s holdings in ANSYS were worth $3,880,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. GraniteShares Advisors LLC purchased a new position in shares of ANSYS in the fourth quarter worth approximately $712,000. Everence Capital Management Inc. increased its position in shares of ANSYS by 27.9% in the fourth quarter. Everence Capital Management Inc. now owns 3,950 shares of the software maker’s stock worth $1,433,000 after acquiring an additional 862 shares in the last quarter. Wealth Alliance increased its position in shares of ANSYS by 2.4% in the fourth quarter. Wealth Alliance now owns 1,523 shares of the software maker’s stock worth $553,000 after acquiring an additional 36 shares in the last quarter. Vontobel Holding Ltd. increased its position in shares of ANSYS by 7.3% in the fourth quarter. Vontobel Holding Ltd. now owns 323,592 shares of the software maker’s stock worth $117,425,000 after acquiring an additional 21,993 shares in the last quarter. Finally, Louisiana State Employees Retirement System purchased a new position in shares of ANSYS in the fourth quarter worth approximately $4,391,000. Institutional investors and hedge funds own 92.39% of the company’s stock.

Insider Transactions at ANSYS

In other news, Director Glenda Dorchak sold 150 shares of the business’s stock in a transaction on Monday, April 8th. The shares were sold at an average price of $342.08, for a total value of $51,312.00. Following the completion of the sale, the director now directly owns 3,049 shares in the company, valued at $1,043,001.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.53% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Mizuho dropped their target price on shares of ANSYS from $350.00 to $330.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 17th. StockNews.com started coverage on shares of ANSYS in a research report on Monday. They set a “hold” rating on the stock. Barclays boosted their price objective on shares of ANSYS from $314.00 to $340.00 and gave the company an “underweight” rating in a research report on Thursday, February 22nd. Rosenblatt Securities reaffirmed a “neutral” rating and set a $345.00 price objective on shares of ANSYS in a research report on Tuesday, March 5th. Finally, Wolfe Research reaffirmed a “peer perform” rating on shares of ANSYS in a research report on Wednesday, January 17th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $322.75.

ANSYS Stock Down 0.4 %

NASDAQ ANSS traded down $1.19 during trading on Wednesday, reaching $325.62. The company’s stock had a trading volume of 214,321 shares, compared to its average volume of 718,683. The business has a 50-day moving average price of $338.17 and a 200-day moving average price of $319.93. The company has a current ratio of 2.30, a quick ratio of 2.30 and a debt-to-equity ratio of 0.14. ANSYS, Inc. has a 1-year low of $258.01 and a 1-year high of $364.31. The stock has a market capitalization of $28.43 billion, a PE ratio of 56.86, a PEG ratio of 5.26 and a beta of 1.16.

ANSYS (NASDAQ:ANSS) last issued its quarterly earnings data on Wednesday, February 21st. The software maker reported $3.94 earnings per share for the quarter, topping analysts’ consensus estimates of $3.71 by $0.23. ANSYS had a net margin of 22.05% and a return on equity of 11.83%. The business had revenue of $805.10 million during the quarter, compared to analysts’ expectations of $797.49 million. During the same period in the previous year, the company earned $2.61 earnings per share. ANSYS’s revenue for the quarter was up 15.9% on a year-over-year basis. On average, research analysts forecast that ANSYS, Inc. will post 7.24 earnings per share 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.