Garrison Asset Management LLC Sells 621 Shares of ANSYS, Inc. (ANSS)

Garrison Asset Management LLC cut its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS) by 2.2% in the 1st quarter, Holdings Channel reports. The firm owned 27,443 shares of the software maker’s stock after selling 621 shares during the period. ANSYS makes up approximately 2.7% of Garrison Asset Management LLC’s portfolio, making the stock its 5th largest holding. Garrison Asset Management LLC’s holdings in ANSYS were worth $5,014,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in ANSS. Vanguard Group Inc lifted its position in ANSYS by 0.4% in the 3rd quarter. Vanguard Group Inc now owns 8,770,380 shares of the software maker’s stock worth $1,637,254,000 after buying an additional 34,911 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in ANSYS by 7.5% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,953,093 shares of the software maker’s stock worth $422,116,000 after buying an additional 206,347 shares in the last quarter. Principal Financial Group Inc. lifted its position in ANSYS by 10.0% in the 4th quarter. Principal Financial Group Inc. now owns 2,049,950 shares of the software maker’s stock worth $293,020,000 after buying an additional 186,051 shares in the last quarter. Morgan Stanley lifted its position in ANSYS by 0.8% in the 3rd quarter. Morgan Stanley now owns 1,444,181 shares of the software maker’s stock worth $269,599,000 after buying an additional 11,718 shares in the last quarter. Finally, Northern Trust Corp lifted its position in ANSYS by 1.1% in the 4th quarter. Northern Trust Corp now owns 1,149,516 shares of the software maker’s stock worth $164,311,000 after buying an additional 12,917 shares in the last quarter. 93.75% of the stock is owned by institutional investors and hedge funds.

In related news, VP Richard S. Mahoney sold 2,041 shares of the firm’s stock in a transaction on Tuesday, February 19th. The shares were sold at an average price of $174.15, for a total value of $355,440.15. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Maria T. Shields sold 13,704 shares of the firm’s stock in a transaction on Thursday, February 28th. The shares were sold at an average price of $182.23, for a total transaction of $2,497,279.92. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 58,676 shares of company stock worth $10,658,783. 1.11% of the stock is currently owned by company insiders.

Shares of ANSS traded up $0.35 during mid-day trading on Wednesday, hitting $186.38. 2,057 shares of the company’s stock were exchanged, compared to its average volume of 425,008. ANSYS, Inc. has a twelve month low of $136.80 and a twelve month high of $197.05. The firm has a market cap of $15.44 billion, a price-to-earnings ratio of 35.81 and a beta of 1.36. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 0.03.

ANSYS (NASDAQ:ANSS) last announced its quarterly earnings results on Wednesday, May 1st. The software maker reported $1.02 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.91 by $0.11. ANSYS had a net margin of 31.73% and a return on equity of 17.08%. The company had revenue of $319.91 million for the quarter, compared to analyst estimates of $306.17 million. During the same quarter in the prior year, the business posted $1.22 EPS. ANSYS’s quarterly revenue was up 12.9% on a year-over-year basis. As a group, research analysts predict that ANSYS, Inc. will post 5.07 earnings per share for the current fiscal year.

A number of equities research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of ANSYS from a “hold” rating to a “strong-buy” rating and set a $223.00 target price for the company in a research report on Tuesday, April 30th. Evercore ISI reiterated a “hold” rating and issued a $155.00 target price on shares of ANSYS in a research report on Thursday, May 2nd. Citigroup increased their target price on shares of ANSYS from $203.00 to $212.00 and gave the stock an “overweight” rating in a research report on Thursday, May 2nd. BidaskClub lowered shares of ANSYS from a “buy” rating to a “hold” rating in a research note on Tuesday, March 19th. Finally, Benchmark restated a “buy” rating and set a $210.00 price target (up previously from $203.00) on shares of ANSYS in a research note on Friday, May 3rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $188.14.

TRADEMARK VIOLATION WARNING: “Garrison Asset Management LLC Sells 621 Shares of ANSYS, Inc. (ANSS)” was first posted by The Lincolnian Online and is owned by of The Lincolnian Online. If you are accessing this piece on another website, it was illegally stolen and reposted in violation of US and international copyright & trademark laws. The legal version of this piece can be accessed at https://www.thelincolnianonline.com/2019/05/15/garrison-asset-management-llc-sells-621-shares-of-ansys-inc-anss.html.

ANSYS Company Profile

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.

Read More: What is the Book Value of a Share?

Want to see what other hedge funds are holding ANSS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ANSYS, Inc. (NASDAQ:ANSS).

Institutional Ownership by Quarter for ANSYS (NASDAQ:ANSS)

Receive News & Ratings for ANSYS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ANSYS and related companies with MarketBeat.com's FREE daily email newsletter.