Sonen Capital LLC Has $694,000 Stock Holdings in ANSYS, Inc. (NASDAQ:ANSS)

Sonen Capital LLC trimmed its stake in shares of ANSYS, Inc. (NASDAQ:ANSSGet Rating) by 49.3% in the first quarter, Holdings Channel.com reports. The firm owned 2,186 shares of the software maker’s stock after selling 2,125 shares during the quarter. Sonen Capital LLC’s holdings in ANSYS were worth $694,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in ANSS. Emerald Advisers LLC bought a new stake in ANSYS during the 4th quarter worth approximately $26,000. Fieldpoint Private Securities LLC boosted its stake in shares of ANSYS by 167.6% in the 1st quarter. Fieldpoint Private Securities LLC now owns 91 shares of the software maker’s stock valued at $29,000 after purchasing an additional 57 shares during the last quarter. JFS Wealth Advisors LLC bought a new stake in shares of ANSYS in the 4th quarter valued at $43,000. Ellevest Inc. boosted its stake in shares of ANSYS by 43.8% in the 1st quarter. Ellevest Inc. now owns 161 shares of the software maker’s stock valued at $51,000 after purchasing an additional 49 shares during the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its stake in shares of ANSYS by 254.3% in the 4th quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 163 shares of the software maker’s stock valued at $65,000 after purchasing an additional 117 shares during the last quarter. 89.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on ANSS shares. Mizuho reduced their price objective on shares of ANSYS from $285.00 to $265.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 19th. Oppenheimer reaffirmed an “initiates” rating on shares of ANSYS in a research note on Wednesday, July 27th. Rosenblatt Securities reduced their price objective on shares of ANSYS from $315.00 to $285.00 and set a “neutral” rating on the stock in a research note on Thursday, July 21st. TheStreet lowered shares of ANSYS from a “b-” rating to a “c” rating in a research note on Wednesday, May 4th. Finally, Citigroup dropped their target price on shares of ANSYS from $304.00 to $274.00 in a research report on Thursday, July 21st. Two analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $287.45.

ANSYS Stock Down 2.4 %

ANSS traded down $7.15 during trading on Friday, hitting $285.48. 473,948 shares of the company’s stock were exchanged, compared to its average volume of 434,005. The company has a quick ratio of 2.28, a current ratio of 2.12 and a debt-to-equity ratio of 0.17. The business’s 50 day moving average is $251.90 and its two-hundred day moving average is $282.61. ANSYS, Inc. has a fifty-two week low of $225.92 and a fifty-two week high of $413.89. The stock has a market cap of $24.86 billion, a P/E ratio of 54.79, a PEG ratio of 5.77 and a beta of 1.29.

ANSYS (NASDAQ:ANSSGet Rating) last released its quarterly earnings data on Wednesday, August 3rd. The software maker reported $1.77 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.16. ANSYS had a net margin of 22.96% and a return on equity of 11.98%. During the same quarter in the prior year, the business earned $1.38 EPS. As a group, equities analysts expect that ANSYS, Inc. will post 6.14 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Glenda Dorchak sold 800 shares of the stock in a transaction dated Thursday, June 2nd. The shares were sold at an average price of $256.18, for a total value of $204,944.00. Following the completion of the sale, the director now owns 4,041 shares in the company, valued at $1,035,223.38. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.63% of the stock is currently owned by corporate insiders.

ANSYS Profile

(Get Rating)

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; 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.

Further Reading

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Institutional Ownership by Quarter for ANSYS (NASDAQ:ANSS)

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