ANSYS, Inc. (NASDAQ:ANSS) Shares Sold by Schaper Benz & Wise Investment Counsel Inc. WI

Schaper Benz & Wise Investment Counsel Inc. WI trimmed its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) by 1.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 29,112 shares of the software maker’s stock after selling 456 shares during the quarter. Schaper Benz & Wise Investment Counsel Inc. WI’s holdings in ANSYS were worth $9,276,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of ANSYS by 0.7% during the first quarter. Vanguard Group Inc. now owns 10,234,642 shares of the software maker’s stock valued at $3,553,058,000 after buying an additional 73,585 shares during the last quarter. Earnest Partners LLC raised its holdings in ANSYS by 2.5% during the second quarter. Earnest Partners LLC now owns 607,029 shares of the software maker’s stock worth $195,160,000 after purchasing an additional 15,012 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its holdings in shares of ANSYS by 4.6% in the second quarter. DekaBank Deutsche Girozentrale now owns 522,613 shares of the software maker’s stock valued at $167,985,000 after buying an additional 22,836 shares during the period. Sei Investments Co. grew its holdings in ANSYS by 1.6% during the second quarter. Sei Investments Co. now owns 423,892 shares of the software maker’s stock worth $136,281,000 after acquiring an additional 6,867 shares during the period. Finally, CCLA Investment Management raised its position in ANSYS by 1.1% in the second quarter. CCLA Investment Management now owns 398,560 shares of the software maker’s stock worth $128,081,000 after acquiring an additional 4,200 shares in the last quarter. Institutional investors own 92.39% of the company’s stock.

Insider Buying and Selling at ANSYS

In other news, Director Glenda Dorchak sold 152 shares of the stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $313.61, for a total value of $47,668.72. Following the completion of the sale, the director now directly owns 3,630 shares of the company’s stock, valued at $1,138,404.30. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.46% of the company’s stock.

ANSYS Trading Up 0.3 %

NASDAQ ANSS opened at $327.40 on Friday. The firm’s 50 day moving average price is $320.02 and its two-hundred day moving average price is $322.53. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.95 and a current ratio of 2.95. ANSYS, Inc. has a twelve month low of $258.01 and a twelve month high of $364.31. The stock has a market cap of $28.58 billion, a price-to-earnings ratio of 65.74, a PEG ratio of 6.99 and a beta of 1.11.

ANSYS (NASDAQ:ANSS) last issued its earnings results on Wednesday, July 31st. The software maker reported $2.50 EPS for the quarter, topping the consensus estimate of $1.92 by $0.58. The business had revenue of $594.14 million during the quarter, compared to analysts’ expectations of $550.30 million. ANSYS had a return on equity of 11.51% and a net margin of 21.30%. ANSYS’s revenue was up 19.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.06 earnings per share. Equities analysts anticipate that ANSYS, Inc. will post 7.32 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. KeyCorp assumed coverage on shares of ANSYS in a research note on Thursday, June 27th. They issued a “sector weight” rating on the stock. Rosenblatt Securities dropped 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. Finally, StockNews.com began coverage on ANSYS in a research note on Sunday, September 22nd. They set a “hold” rating for the company. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $318.33.

About ANSYS

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.