Los Angeles Capital Management LLC Sells 10,704 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Los Angeles Capital Management LLC trimmed its holdings in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 17.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,318 shares of the software maker's stock after selling 10,704 shares during the period. Los Angeles Capital Management LLC owned approximately 0.06% of ANSYS worth $18,622,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of ANSS. Commonwealth Equity Services LLC raised its stake in shares of ANSYS by 13.2% during the 3rd quarter. Commonwealth Equity Services LLC now owns 5,821 shares of the software maker's stock valued at $1,732,000 after purchasing an additional 678 shares during the period. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of ANSYS by 57.6% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 3,132 shares of the software maker's stock worth $932,000 after buying an additional 1,145 shares in the last quarter. Raymond James & Associates lifted its holdings in shares of ANSYS by 2.3% in the third quarter. Raymond James & Associates now owns 141,200 shares of the software maker's stock worth $42,014,000 after buying an additional 3,192 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in shares of ANSYS by 87.2% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 19,384 shares of the software maker's stock valued at $5,768,000 after acquiring an additional 9,030 shares during the period. Finally, NorthRock Partners LLC purchased a new position in ANSYS during the third quarter valued at approximately $223,000. Institutional investors own 92.39% of the company's stock.

ANSYS Trading Up 1.6 %

ANSYS stock traded up $4.99 during mid-day trading on Friday, hitting $319.52. The company's stock had a trading volume of 578,961 shares, compared to its average volume of 373,307. The business has a 50 day moving average price of $335.57 and a 200-day moving average price of $322.16. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.80 and a quick ratio of 2.30. ANSYS, Inc. has a 12 month low of $258.01 and a 12 month high of $364.31. The stock has a market cap of $27.89 billion, a price-to-earnings ratio of 64.16, a price-to-earnings-growth ratio of 4.93 and a beta of 1.16.

ANSYS (NASDAQ:ANSS - Get Free Report) last released its earnings results on Wednesday, May 1st. The software maker reported $1.39 earnings per share for the quarter, missing analysts' consensus estimates of $1.93 by ($0.54). ANSYS had a net margin of 19.51% and a return on equity of 10.45%. The company had revenue of $466.60 million during the quarter, compared to the consensus estimate of $549.85 million. During the same period last year, the firm posted $1.45 EPS. The company's revenue was down 8.4% on a year-over-year basis. As a group, analysts forecast that ANSYS, Inc. will post 7.39 EPS for the current year.

Analysts Set New Price Targets

Several analysts have issued reports on ANSS shares. StockNews.com started coverage on shares of ANSYS in a research note on Wednesday. They issued a "hold" rating on the stock. Mizuho decreased their target price on ANSYS from $350.00 to $330.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 17th. Barclays increased their price target on shares of ANSYS from $314.00 to $340.00 and gave the stock an "underweight" rating in a report on Thursday, February 22nd. Rosenblatt Securities reaffirmed a "neutral" rating and set a $345.00 price objective on shares of ANSYS in a report on Friday. Finally, Wolfe Research reissued a "peer perform" rating on shares of ANSYS in a research note on Wednesday, January 17th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, ANSYS presently has a consensus rating of "Hold" and an average target price of $320.00.

Insider Activity

In related news, Director Glenda Dorchak sold 150 shares of ANSYS 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 transaction, the director now directly owns 3,049 shares of the company's stock, valued at $1,043,001.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.46% 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.