Telemus Capital LLC Lowers Stake in ANSYS, Inc. (NASDAQ:ANSS)

Telemus Capital LLC reduced its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS) by 1.7% in the fourth quarter, HoldingsChannel reports. The fund owned 17,275 shares of the software maker’s stock after selling 291 shares during the period. Telemus Capital LLC’s holdings in ANSYS were worth $6,269,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. CVA Family Office LLC bought a new stake in ANSYS during the 4th quarter valued at about $28,000. Raleigh Capital Management Inc. boosted its holdings in shares of ANSYS by 135.7% in the third quarter. Raleigh Capital Management Inc. now owns 99 shares of the software maker’s stock worth $29,000 after buying an additional 57 shares during the last quarter. Turtle Creek Wealth Advisors LLC purchased a new position in shares of ANSYS in the fourth quarter worth approximately $47,000. KB Financial Partners LLC boosted its holdings in shares of ANSYS by 69.5% in the third quarter. KB Financial Partners LLC now owns 178 shares of the software maker’s stock worth $53,000 after buying an additional 73 shares during the last quarter. Finally, Lindbrook Capital LLC boosted its holdings in shares of ANSYS by 18.1% in the third quarter. Lindbrook Capital LLC now owns 241 shares of the software maker’s stock worth $72,000 after buying an additional 37 shares during the last quarter. 92.39% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at ANSYS

In other news, Director Glenda Dorchak sold 150 shares of the stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $342.08, for a total transaction of $51,312.00. Following the transaction, the director now owns 3,049 shares in the company, valued at approximately $1,043,001.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.53% of the company’s stock.

Wall Street Analysts Forecast Growth

ANSS has been the topic of several analyst reports. Barclays lifted their price target on shares of ANSYS from $314.00 to $340.00 and gave the company an “underweight” rating in a report on Thursday, February 22nd. Mizuho lowered their target price on shares of ANSYS from $350.00 to $330.00 and set a “neutral” rating on the stock in a report on Wednesday, January 17th. StockNews.com started coverage on shares of ANSYS in a report on Tuesday. They issued a “hold” rating on the stock. Rosenblatt Securities reissued a “neutral” rating and issued a $345.00 target price on shares of ANSYS in a report on Tuesday, March 5th. Finally, Wolfe Research reissued a “peer perform” rating on shares of ANSYS in a report on Wednesday, January 17th. Two analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $323.86.

ANSYS Price Performance

Shares of NASDAQ:ANSS opened at $324.81 on Tuesday. The company has a market cap of $28.36 billion, a PE ratio of 56.69, a price-to-earnings-growth ratio of 5.14 and a beta of 1.16. ANSYS, Inc. has a twelve month low of $258.01 and a twelve month high of $364.31. The company’s 50 day moving average is $336.86 and its 200 day moving average is $320.86. The company has a current ratio of 2.30, a quick ratio of 2.30 and a debt-to-equity ratio of 0.14.

ANSYS (NASDAQ:ANSS) last issued its quarterly earnings data on Wednesday, February 21st. The software maker reported $3.94 EPS for the quarter, topping analysts’ consensus estimates of $3.71 by $0.23. The business had revenue of $805.10 million for the quarter, compared to analysts’ expectations of $797.49 million. ANSYS had a net margin of 22.05% and a return on equity of 11.83%. The business’s revenue was up 15.9% on a year-over-year basis. During the same quarter last year, the company earned $2.61 EPS. On average, sell-side analysts forecast that ANSYS, Inc. will post 7.26 EPS for the current year.

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.