Yousif Capital Management LLC Sells 539 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Yousif Capital Management LLC decreased its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS) by 4.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,237 shares of the software maker’s stock after selling 539 shares during the quarter. Yousif Capital Management LLC’s holdings in ANSYS were worth $4,078,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Verdence Capital Advisors LLC lifted its position in shares of ANSYS by 1.7% in the 4th quarter. Verdence Capital Advisors LLC now owns 2,071 shares of the software maker’s stock worth $752,000 after acquiring an additional 35 shares during the period. Wealth Alliance lifted its position in shares of ANSYS by 2.4% in the 4th quarter. Wealth Alliance now owns 1,523 shares of the software maker’s stock worth $553,000 after acquiring an additional 36 shares during the period. Lindbrook Capital LLC lifted its position in shares of ANSYS by 18.1% in the 3rd quarter. Lindbrook Capital LLC now owns 241 shares of the software maker’s stock worth $72,000 after acquiring an additional 37 shares during the period. IFP Advisors Inc lifted its position in shares of ANSYS by 11.7% in the 3rd quarter. IFP Advisors Inc now owns 363 shares of the software maker’s stock worth $108,000 after acquiring an additional 38 shares during the period. Finally, Perigon Wealth Management LLC lifted its position in shares of ANSYS by 2.7% in the 3rd quarter. Perigon Wealth Management LLC now owns 1,544 shares of the software maker’s stock worth $459,000 after acquiring an additional 40 shares during the period. Institutional investors own 92.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on ANSS shares. Rosenblatt Securities reiterated a “neutral” rating and issued a $345.00 price objective on shares of ANSYS in a research report on Tuesday, March 5th. StockNews.com started coverage on ANSYS in a report on Tuesday. They issued a “hold” rating for the company. Mizuho dropped their target price on ANSYS from $350.00 to $330.00 and set a “neutral” rating for the company in a report on Wednesday, January 17th. Wolfe Research reissued a “peer perform” rating on shares of ANSYS in a report on Wednesday, January 17th. Finally, Barclays increased their target price on ANSYS from $314.00 to $340.00 and gave the stock an “underweight” rating in a report on Thursday, February 22nd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, ANSYS has a consensus rating of “Hold” and a consensus target price of $320.00.

ANSYS Trading Up 2.1 %

ANSS stock opened at $333.75 on Friday. The business has a fifty day moving average price of $336.80 and a 200 day moving average price of $321.39. ANSYS, Inc. has a fifty-two week low of $258.01 and a fifty-two week high of $364.31. The stock has a market capitalization of $29.14 billion, a price-to-earnings ratio of 58.25, a P/E/G ratio of 5.15 and a beta of 1.16. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.30 and a quick ratio of 2.30.

ANSYS (NASDAQ:ANSS) last released its quarterly earnings results on Wednesday, February 21st. The software maker reported $3.94 earnings per share for the quarter, beating analysts’ consensus estimates of $3.71 by $0.23. ANSYS had a return on equity of 11.83% and a net margin of 22.05%. The firm had revenue of $805.10 million during the quarter, compared to analysts’ expectations of $797.49 million. During the same period last year, the firm posted $2.61 EPS. The business’s revenue was up 15.9% on a year-over-year basis. Analysts expect that ANSYS, Inc. will post 7.39 EPS for the current fiscal year.

Insider Activity at ANSYS

In related news, Director Glenda Dorchak sold 150 shares of the firm’s stock in a transaction on Monday, April 8th. The stock was sold at an average price of $342.08, for a total transaction of $51,312.00. Following the completion of the sale, the director now directly owns 3,049 shares of the company’s stock, valued at approximately $1,043,001.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.53% of the company’s stock.

ANSYS 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.