Sentry Investment Management LLC Sells 53 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Sentry Investment Management LLC lowered its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) by 14.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 325 shares of the software maker’s stock after selling 53 shares during the period. Sentry Investment Management LLC’s holdings in ANSYS were worth $110,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of ANSS. Raymond James & Associates raised its position in shares of ANSYS by 0.4% during the third quarter. Raymond James & Associates now owns 10,822 shares of the software maker’s stock valued at $3,448,000 after buying an additional 46 shares during the last quarter. Assenagon Asset Management S.A. increased its position in ANSYS by 20.4% in the third quarter. Assenagon Asset Management S.A. now owns 11,607 shares of the software maker’s stock worth $3,698,000 after purchasing an additional 1,970 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in ANSYS by 29.5% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 3,147 shares of the software maker’s stock worth $1,003,000 after purchasing an additional 717 shares during the last quarter. abrdn plc increased its position in ANSYS by 21.0% in the third quarter. abrdn plc now owns 66,499 shares of the software maker’s stock worth $21,314,000 after purchasing an additional 11,560 shares during the last quarter. Finally, China Universal Asset Management Co. Ltd. increased its position in ANSYS by 111.0% in the third quarter. China Universal Asset Management Co. Ltd. now owns 1,108 shares of the software maker’s stock worth $353,000 after purchasing an additional 583 shares during the last quarter. Institutional investors own 92.39% of the company’s stock.

ANSYS Stock Up 0.6 %

NASDAQ ANSS opened at $332.32 on Thursday. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.12. The company has a fifty day moving average of $342.23 and a two-hundred day moving average of $333.49. The firm has a market capitalization of $29.13 billion, a price-to-earnings ratio of 50.74, a PEG ratio of 3.48 and a beta of 1.12. ANSYS, Inc. has a 52 week low of $289.82 and a 52 week high of $363.03.

ANSYS (NASDAQ:ANSS) last posted its quarterly earnings data on Wednesday, February 19th. The software maker reported $3.65 EPS for the quarter, missing the consensus estimate of $3.97 by ($0.32). The firm had revenue of $882.17 million for the quarter, compared to analysts’ expectations of $864.46 million. ANSYS had a return on equity of 12.69% and a net margin of 22.62%. On average, analysts predict that ANSYS, Inc. will post 8.32 earnings per share for the current year.

Wall Street Analyst Weigh In

ANSS has been the topic of several research reports. Robert W. Baird boosted their price target on shares of ANSYS from $350.00 to $365.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Rosenblatt Securities boosted their price target on shares of ANSYS from $335.00 to $340.00 and gave the stock a “neutral” rating in a research report on Friday, February 21st. Finally, StockNews.com upgraded shares of ANSYS from a “hold” rating to a “buy” rating in a research report on Friday, February 21st.

Insiders Place Their Bets

In other ANSYS news, Director Glenda Dorchak sold 200 shares of ANSYS stock in a transaction on Monday, January 13th. The shares were sold at an average price of $336.62, for a total transaction of $67,324.00. Following the completion of the transaction, the director now directly owns 3,430 shares of the company’s stock, valued at $1,154,606.60. The trade was a 5.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.46% of the stock is owned by insiders.

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.