Harvey Investment Co. LLC Sells 2,850 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Harvey Investment Co. LLC lowered its position in ANSYS, Inc. (NASDAQ:ANSS) by 2.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 95,036 shares of the software maker’s stock after selling 2,850 shares during the quarter. ANSYS comprises approximately 3.3% of Harvey Investment Co. LLC’s investment portfolio, making the stock its 10th biggest holding. Harvey Investment Co. LLC owned 0.11% of ANSYS worth $30,085,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. NBC Securities Inc. acquired a new stake in shares of ANSYS in the first quarter valued at approximately $31,000. Quarry LP increased its stake in shares of ANSYS by 1,550.0% in the fourth quarter. Quarry LP now owns 99 shares of the software maker’s stock valued at $33,000 after purchasing an additional 93 shares during the period. Assetmark Inc. increased its stake in shares of ANSYS by 468.2% during the fourth quarter. Assetmark Inc. now owns 125 shares of the software maker’s stock valued at $42,000 after acquiring an additional 103 shares during the period. Millstone Evans Group LLC acquired a new position in shares of ANSYS during the fourth quarter valued at approximately $42,000. Finally, Kapitalo Investimentos Ltda acquired a new position in shares of ANSYS during the fourth quarter valued at approximately $43,000. Institutional investors and hedge funds own 92.39% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered shares of ANSYS from a “buy” rating to a “hold” rating in a research note on Wednesday, May 7th.

Insider Buying and Selling

In related news, Director Glenda Dorchak sold 200 shares of the firm’s stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $300.01, for a total transaction of $60,002.00. Following the completion of the sale, the director now directly owns 3,230 shares in the company, valued at approximately $969,032.30. This trade represents a 5.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.61% of the stock is currently owned by insiders.

ANSYS Price Performance

NASDAQ ANSS opened at $334.96 on Friday. ANSYS, Inc. has a 12 month low of $275.06 and a 12 month high of $363.03. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.66 and a quick ratio of 3.66. The firm has a market capitalization of $29.45 billion, a PE ratio of 49.70, a P/E/G ratio of 3.44 and a beta of 1.19. The company’s 50 day simple moving average is $330.41 and its 200 day simple moving average is $331.90.

ANSYS (NASDAQ:ANSS) last posted its quarterly earnings data on Wednesday, April 30th. The software maker reported $1.64 EPS for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.11). ANSYS had a net margin of 22.95% and a return on equity of 12.38%. The company had revenue of $504.89 million for the quarter, compared to analyst estimates of $516.81 million. During the same quarter in the prior year, the business earned $1.39 EPS. ANSYS’s revenue was up 8.2% compared to the same quarter last year. As a group, equities research analysts forecast that ANSYS, Inc. will post 8.32 EPS for the current fiscal 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.