Sentry Investment Management LLC Cuts Stake in ANSYS, Inc. (NASDAQ:ANSS)

Sentry Investment Management LLC lessened its position in ANSYS, Inc. (NASDAQ:ANSS) by 16.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 378 shares of the software maker’s stock after selling 77 shares during the period. Sentry Investment Management LLC’s holdings in ANSYS were worth $121,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Quest Partners LLC bought a new position in ANSYS in the 4th quarter valued at approximately $29,000. DT Investment Partners LLC lifted its holdings in shares of ANSYS by 888.9% during the second quarter. DT Investment Partners LLC now owns 89 shares of the software maker’s stock valued at $29,000 after purchasing an additional 80 shares in the last quarter. DSM Capital Partners LLC purchased a new stake in shares of ANSYS during the fourth quarter valued at $34,000. Rothschild Investment LLC bought a new stake in ANSYS in the 2nd quarter worth about $38,000. Finally, Core Wealth Advisors Inc. purchased a new position in ANSYS in the 4th quarter worth about $40,000. Institutional investors own 92.39% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on ANSS shares. StockNews.com began coverage on shares of ANSYS in a research note on Friday, September 6th. They issued a “hold” rating for the company. KeyCorp started coverage on shares of ANSYS in a research report on Thursday, June 27th. They issued a “sector weight” rating for the company. Finally, Rosenblatt Securities lowered their price target on ANSYS from $345.00 to $335.00 and set a “neutral” rating on the stock in a report on Tuesday, August 6th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $318.33.

ANSYS Trading Up 0.5 %

Shares of ANSS stock opened at $319.13 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.95 and a quick ratio of 2.95. The company has a market cap of $27.86 billion, a price-to-earnings ratio of 64.08, a PEG ratio of 6.54 and a beta of 1.12. ANSYS, Inc. has a 1 year low of $258.01 and a 1 year high of $364.31. The firm has a fifty day moving average price of $317.00 and a 200-day moving average price of $325.88.

ANSYS (NASDAQ:ANSS) last released its quarterly earnings results on Wednesday, July 31st. The software maker reported $2.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.92 by $0.58. ANSYS had a return on equity of 11.51% and a net margin of 21.30%. The business had revenue of $594.14 million during the quarter, compared to analyst estimates of $550.30 million. During the same quarter in the previous year, the company posted $1.06 earnings per share. ANSYS’s revenue for the quarter was up 19.6% on a year-over-year basis. As a group, equities analysts predict that ANSYS, Inc. will post 7.32 earnings per share for the current year.

Insiders Place Their Bets

In other ANSYS news, Director Glenda Dorchak sold 159 shares of the company’s stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $330.81, for a total value of $52,598.79. Following the completion of the transaction, the director now directly owns 3,782 shares in the company, valued at $1,251,123.42. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.46% of the stock is owned by company insiders.

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.