Carnegie Investment Counsel Sells 12,203 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Carnegie Investment Counsel reduced its position in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 13.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 81,022 shares of the software maker's stock after selling 12,203 shares during the period. Carnegie Investment Counsel owned 0.09% of ANSYS worth $25,648,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Meiji Yasuda Asset Management Co Ltd. lifted its holdings in ANSYS by 2.8% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,298 shares of the software maker's stock worth $438,000 after purchasing an additional 35 shares during the period. Personal CFO Solutions LLC raised its position in ANSYS by 2.8% in the first quarter. Personal CFO Solutions LLC now owns 1,410 shares of the software maker's stock worth $446,000 after acquiring an additional 38 shares in the last quarter. Beverly Hills Private Wealth LLC raised its position in ANSYS by 3.7% in the first quarter. Beverly Hills Private Wealth LLC now owns 1,084 shares of the software maker's stock worth $343,000 after acquiring an additional 39 shares in the last quarter. Graypoint LLC raised its position in ANSYS by 6.2% in the first quarter. Graypoint LLC now owns 673 shares of the software maker's stock worth $213,000 after acquiring an additional 39 shares in the last quarter. Finally, Tsai Capital Corp raised its position in ANSYS by 0.5% in the fourth quarter. Tsai Capital Corp now owns 8,945 shares of the software maker's stock worth $3,017,000 after acquiring an additional 41 shares in the last quarter. 92.39% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have issued reports on the company. Robert W. Baird set a $396.00 price objective on ANSYS in a report on Monday, July 14th. Wall Street Zen downgraded ANSYS from a "buy" rating to a "hold" rating in a report on Wednesday, May 7th. Finally, Baird R W downgraded ANSYS from a "strong-buy" rating to a "hold" rating in a report on Monday, July 14th.

ANSYS Stock Performance

ANSYS stock remained flat at $374.30 during trading hours on Friday. ANSYS, Inc. has a 12 month low of $275.06 and a 12 month high of $395.49. The company has a market capitalization of $32.91 billion, a PE ratio of 55.53, a P/E/G ratio of 4.08 and a beta of 1.19. The company has a fifty day moving average of $352.09 and a 200 day moving average of $336.24. The company has a quick ratio of 3.66, a current ratio of 3.66 and a debt-to-equity ratio of 0.12.

ANSYS (NASDAQ:ANSS - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The software maker reported $1.64 EPS for the quarter, missing analysts' consensus estimates of $1.75 by ($0.11). The business had revenue of $504.89 million for the quarter, compared to analyst estimates of $516.81 million. ANSYS had a return on equity of 12.38% and a net margin of 22.95%. The firm's quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.39 earnings per share. As a group, sell-side analysts expect that ANSYS, Inc. will post 8.32 earnings per share for the current 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.