Townsquare Capital LLC Sells 2,751 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Townsquare Capital LLC lowered its position in shares of ANSYS, Inc. (NASDAQ:ANSS) by 67.7% in the second quarter, Holdings Channel reports. The institutional investor owned 1,314 shares of the software maker’s stock after selling 2,751 shares during the period. Townsquare Capital LLC’s holdings in ANSYS were worth $388,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Captrust Financial Advisors lifted its holdings in shares of ANSYS by 0.9% during the second quarter. Captrust Financial Advisors now owns 3,826 shares of the software maker’s stock worth $1,126,000 after buying an additional 36 shares in the last quarter. IBM Retirement Fund lifted its holdings in shares of ANSYS by 2.0% during the second quarter. IBM Retirement Fund now owns 2,003 shares of the software maker’s stock worth $584,000 after buying an additional 40 shares in the last quarter. BTC Capital Management Inc. lifted its holdings in shares of ANSYS by 2.7% during the second quarter. BTC Capital Management Inc. now owns 1,531 shares of the software maker’s stock worth $447,000 after buying an additional 40 shares in the last quarter. Dorsey & Whitney Trust CO LLC lifted its holdings in shares of ANSYS by 3.8% during the second quarter. Dorsey & Whitney Trust CO LLC now owns 1,297 shares of the software maker’s stock worth $374,000 after buying an additional 48 shares in the last quarter. Finally, Paradigm Asset Management Co. LLC lifted its holdings in shares of ANSYS by 12.5% during the second quarter. Paradigm Asset Management Co. LLC now owns 450 shares of the software maker’s stock worth $131,000 after buying an additional 50 shares in the last quarter. 90.17% of the stock is owned by institutional investors.

In related news, Director Nicole Anasenes sold 1,050 shares of the company’s stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $283.49, for a total value of $297,664.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Alec D. Gallimore sold 480 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $307.87, for a total value of $147,777.60. The disclosure for this sale can be found here. Insiders sold 6,257 shares of company stock worth $1,937,965 over the last quarter. 0.58% of the stock is currently owned by company insiders.

Shares of NASDAQ:ANSS traded up $4.78 during midday trading on Tuesday, hitting $326.38. 350 shares of the stock were exchanged, compared to its average volume of 567,499. The stock has a market capitalization of $27.59 billion, a price-to-earnings ratio of 70.07 and a beta of 1.22. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.38 and a current ratio of 2.38. The business’s 50-day moving average price is $318.27 and its 200 day moving average price is $276.95. ANSYS, Inc. has a 12 month low of $200.07 and a 12 month high of $354.87.

ANSYS (NASDAQ:ANSS) last released its quarterly earnings results on Wednesday, August 5th. The software maker reported $1.55 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.67. The company had revenue of $389.70 million for the quarter, compared to analysts’ expectations of $353.63 million. ANSYS had a return on equity of 12.91% and a net margin of 26.17%. As a group, sell-side analysts expect that ANSYS, Inc. will post 4.88 EPS for the current year.

A number of research analysts recently commented on ANSS shares. Stifel Nicolaus reaffirmed a “hold” rating and issued a $305.00 price target on shares of ANSYS in a research note on Thursday, August 13th. Guggenheim boosted their price target on ANSYS from $278.00 to $350.00 and gave the company a “buy” rating in a research note on Tuesday, August 4th. Barclays boosted their price target on ANSYS from $210.00 to $224.00 and gave the company an “underweight” rating in a research note on Monday, July 20th. Needham & Company LLC reaffirmed a “hold” rating on shares of ANSYS in a research note on Friday, August 28th. Finally, BidaskClub downgraded ANSYS from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, September 9th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $272.62.

About ANSYS

ANSYS, Inc develops and markets engineering simulation software and services worldwide. The company offers ANSYS Workbench, a framework upon which the company's engineering simulation technologies are built; ANSYS multiphysics software to simulate the interactions between structures, heat transfer, fluids, and electronics in a unified engineering simulation environment; and structural analysis product suite that provides simulation tools for product design and optimization.

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Institutional Ownership by Quarter for ANSYS (NASDAQ:ANSS)

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