Contravisory Investment Management Inc. trimmed its position in ANSYS, Inc. (NASDAQ:ANSS) by 10.3% during the 4th quarter, Holdings Channel reports. The firm owned 46,460 shares of the software maker’s stock after selling 5,348 shares during the quarter. ANSYS accounts for about 2.5% of Contravisory Investment Management Inc.’s investment portfolio, making the stock its 6th largest holding. Contravisory Investment Management Inc.’s holdings in ANSYS were worth $6,857,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the company. Parallax Volatility Advisers L.P. bought a new stake in ANSYS during the second quarter worth approximately $138,000. ETF Managers Group LLC bought a new stake in ANSYS during the second quarter worth approximately $171,000. Zions Bancorporation increased its stake in ANSYS by 9,070.6% during the third quarter. Zions Bancorporation now owns 1,559 shares of the software maker’s stock worth $191,000 after acquiring an additional 1,542 shares during the last quarter. Calamos Advisors LLC bought a new stake in ANSYS during the third quarter worth approximately $201,000. Finally, Tocqueville Asset Management L.P. bought a new stake in ANSYS during the third quarter worth approximately $204,000. 96.74% of the stock is currently owned by hedge funds and other institutional investors.

Shares of ANSYS, Inc. (NASDAQ ANSS) traded up $2.59 during trading hours on Thursday, hitting $158.34. The company’s stock had a trading volume of 459,697 shares, compared to its average volume of 485,117. ANSYS, Inc. has a fifty-two week low of $92.33 and a fifty-two week high of $158.73. The stock has a market capitalization of $13,016.75, a price-to-earnings ratio of 49.79 and a beta of 1.07.

ANSYS (NASDAQ:ANSS) last announced its earnings results on Wednesday, November 1st. The software maker reported $1.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.95 by $0.10. ANSYS had a return on equity of 13.67% and a net margin of 26.01%. The business had revenue of $276.77 million during the quarter, compared to analyst estimates of $263.77 million. During the same quarter in the previous year, the business earned $0.95 earnings per share. The company’s revenue for the quarter was up 12.6% compared to the same quarter last year. equities research analysts predict that ANSYS, Inc. will post 3.57 earnings per share for the current year.

ANSS has been the topic of several analyst reports. Needham & Company LLC reissued a “hold” rating on shares of ANSYS in a research note on Friday, November 3rd. KeyCorp reissued a “hold” rating on shares of ANSYS in a research note on Friday, September 29th. Robert W. Baird set a $130.00 price objective on ANSYS and gave the stock a “buy” rating in a research note on Sunday, October 1st. Zacks Investment Research cut ANSYS from a “buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. Finally, Evercore ISI reissued a “hold” rating and set a $113.00 price objective on shares of ANSYS in a research note on Thursday, November 2nd. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $128.91.

In related news, Director Barbara Vaughn Scherer sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $150.00, for a total value of $150,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Richard S. Mahoney sold 8,527 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $17.84, for a total value of $152,121.68. The disclosure for this sale can be found here. Insiders have sold 27,031 shares of company stock valued at $2,960,730 in the last 90 days. Company insiders own 1.30% of the company’s stock.

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ANSYS Company Profile

ANSYS, Inc (ANSYS) develops and markets engineering simulation software and services used by engineers, designers, researchers and students across a range of industries and academia, including aerospace and defense, automotive, industrial equipment, electronics, biomedical, energy, materials and chemical processing, and semiconductors.

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Institutional Ownership by Quarter for ANSYS (NASDAQ:ANSS)

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