Harvey Investment Co. LLC Sells 360 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Harvey Investment Co. LLC decreased its position in shares of ANSYS, Inc. (NASDAQ:ANSS) by 0.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 100,031 shares of the software maker’s stock after selling 360 shares during the period. ANSYS accounts for about 3.6% of Harvey Investment Co. LLC’s investment portfolio, making the stock its 8th largest holding. Harvey Investment Co. LLC owned 0.11% of ANSYS worth $31,873,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC bought a new stake in shares of ANSYS in the 3rd quarter worth $54,820,000. Signaturefd LLC grew its holdings in ANSYS by 7.0% during the third quarter. Signaturefd LLC now owns 1,334 shares of the software maker’s stock worth $425,000 after acquiring an additional 87 shares during the period. Sequoia Financial Advisors LLC raised its position in ANSYS by 6.5% in the third quarter. Sequoia Financial Advisors LLC now owns 1,504 shares of the software maker’s stock worth $479,000 after acquiring an additional 92 shares in the last quarter. Raymond James & Associates raised its position in ANSYS by 0.4% in the third quarter. Raymond James & Associates now owns 10,822 shares of the software maker’s stock worth $3,448,000 after acquiring an additional 46 shares in the last quarter. Finally, Blue Trust Inc. lifted its holdings in ANSYS by 40.2% in the 3rd quarter. Blue Trust Inc. now owns 2,585 shares of the software maker’s stock valued at $831,000 after acquiring an additional 741 shares during the last quarter. 92.39% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

Analysts Set New Price Targets

ANSS has been the topic of several recent research reports. Rosenblatt Securities lowered their price objective on shares of ANSYS from $345.00 to $335.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 6th. StockNews.com assumed coverage on shares of ANSYS in a research report on Sunday, September 22nd. They issued a “hold” rating on the stock. Finally, KeyCorp assumed coverage on ANSYS in a report on Thursday, June 27th. They issued a “sector weight” rating on the stock. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $318.33.

ANSYS Stock Down 0.0 %

Shares of NASDAQ:ANSS opened at $321.78 on Thursday. The firm has a 50 day simple moving average of $320.51 and a 200 day simple moving average of $322.14. ANSYS, Inc. has a 52 week low of $258.01 and a 52 week high of $364.31. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.95 and a current ratio of 2.95. The company has a market cap of $28.09 billion, a PE ratio of 64.63, a price-to-earnings-growth ratio of 6.99 and a beta of 1.11.

ANSYS (NASDAQ:ANSS) last released its earnings results on Wednesday, July 31st. The software maker reported $2.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.92 by $0.58. ANSYS had a return on equity of 11.51% and a net margin of 21.30%. The company had revenue of $594.14 million during the quarter, compared to analyst estimates of $550.30 million. During the same quarter in the prior year, the company earned $1.06 earnings per share. The company’s revenue for the quarter was up 19.6% on a year-over-year basis. As a group, research analysts expect that ANSYS, Inc. will post 7.32 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.