Summerhill Capital Management lnc. Sells 299 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Summerhill Capital Management lnc. trimmed its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS) by 4.7% in the second quarter, Holdings Channel.com reports. The firm owned 6,014 shares of the software maker’s stock after selling 299 shares during the quarter. ANSYS makes up 1.4% of Summerhill Capital Management lnc.’s holdings, making the stock its 20th largest holding. Summerhill Capital Management lnc.’s holdings in ANSYS were worth $1,934,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of ANSS. Norges Bank acquired a new stake in shares of ANSYS in the 4th quarter valued at approximately $282,329,000. Swedbank AB acquired a new stake in shares of ANSYS in the 1st quarter valued at approximately $128,089,000. M&G Plc acquired a new stake in shares of ANSYS in the 1st quarter valued at approximately $115,922,000. Point72 Asset Management L.P. boosted its holdings in shares of ANSYS by 210.1% in the 4th quarter. Point72 Asset Management L.P. now owns 325,000 shares of the software maker’s stock valued at $117,936,000 after buying an additional 220,200 shares during the last quarter. Finally, Magnetar Financial LLC acquired a new stake in shares of ANSYS in the 1st quarter valued at approximately $72,797,000. 92.39% of the stock is owned by institutional investors.

ANSYS Stock Down 0.2 %

ANSS stock opened at $318.51 on Monday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.95 and a quick ratio of 2.95. The stock has a market capitalization of $27.81 billion, a price-to-earnings ratio of 63.96, a PEG ratio of 6.80 and a beta of 1.12. The business’s fifty day moving average price is $316.75 and its two-hundred day moving average price is $325.63. ANSYS, Inc. has a fifty-two week low of $258.01 and a fifty-two week high of $364.31.

ANSYS (NASDAQ:ANSS) last posted its quarterly earnings data on Wednesday, July 31st. The software maker reported $2.50 earnings per share for the quarter, topping the consensus estimate of $1.92 by $0.58. The firm had revenue of $594.14 million for 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%. The company’s quarterly revenue was up 19.6% compared to the same quarter last year. During the same quarter last year, the business earned $1.06 EPS. On average, equities analysts anticipate that ANSYS, Inc. will post 7.32 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Glenda Dorchak sold 159 shares of the firm’s stock in a transaction on Monday, July 8th. The stock was sold at an average price of $330.81, for a total value of $52,598.79. Following the transaction, the director now owns 3,782 shares in the company, valued at $1,251,123.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.46% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ANSS. Rosenblatt Securities cut their price target on ANSYS from $345.00 to $335.00 and set a “neutral” rating for the company in a report on Tuesday, August 6th. KeyCorp began coverage on ANSYS in a report on Thursday, June 27th. They set a “sector weight” rating for the company. Finally, StockNews.com began coverage on ANSYS in a report on Saturday. They set a “hold” rating for the company. Two analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, ANSYS has an average rating of “Hold” and an average price target of $318.33.

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.