Hunter Associates Investment Management LLC trimmed its position in ANSYS, Inc. (NASDAQ:ANSS) by 2.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,133 shares of the software maker’s stock after selling 368 shares during the quarter. Hunter Associates Investment Management LLC’s holdings in ANSYS were worth $1,791,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Cerebellum GP LLC acquired a new stake in shares of ANSYS in the fourth quarter valued at $122,000. Calton & Associates Inc. acquired a new stake in shares of ANSYS in the fourth quarter valued at $184,000. Zions Bancorporation increased its stake in shares of ANSYS by 9,070.6% in the third quarter. Zions Bancorporation now owns 1,559 shares of the software maker’s stock valued at $191,000 after buying an additional 1,542 shares in the last quarter. Conning Inc. acquired a new stake in shares of ANSYS in the fourth quarter valued at $204,000. Finally, Diversified Trust Co acquired a new stake in shares of ANSYS in the fourth quarter valued at $210,000. Institutional investors and hedge funds own 96.50% of the company’s stock.
ANSYS stock opened at $166.31 on Monday. ANSYS, Inc. has a 1-year low of $104.55 and a 1-year high of $171.92. The stock has a market capitalization of $13,948.65, a PE ratio of 55.62 and a beta of 1.04.
ANSYS (NASDAQ:ANSS) last issued its earnings results on Wednesday, February 21st. The software maker reported $1.07 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.03 by $0.04. ANSYS had a return on equity of 13.77% and a net margin of 23.67%. The firm had revenue of $302.34 million for the quarter, compared to analysts’ expectations of $290.66 million. During the same quarter last year, the business earned $0.98 earnings per share. The company’s revenue was up 11.7% compared to the same quarter last year. equities analysts forecast that ANSYS, Inc. will post 4.41 earnings per share for the current fiscal year.
ANSYS declared that its Board of Directors has initiated a share buyback program on Wednesday, February 21st that authorizes the company to buyback 5,000,000 outstanding shares. This buyback authorization authorizes the software maker to buy shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.
In other ANSYS news, Director Bradford C. Morley sold 24,500 shares of the firm’s stock in a transaction dated Wednesday, March 7th. The stock was sold at an average price of $165.06, for a total transaction of $4,043,970.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Richard S. Mahoney sold 8,527 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The stock was 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. In the last 90 days, insiders have sold 61,691 shares of company stock worth $8,852,518. Company insiders own 1.30% of the company’s stock.
A number of analysts have recently weighed in on the company. BidaskClub upgraded ANSYS from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 10th. ValuEngine upgraded ANSYS from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Zacks Investment Research upgraded ANSYS from a “hold” rating to a “buy” rating and set a $181.00 price target on the stock in a report on Wednesday, February 28th. Wedbush reiterated a “neutral” rating and issued a $136.00 price target (down previously from $160.00) on shares of ANSYS in a report on Friday, February 23rd. Finally, Berenberg Bank upgraded ANSYS from a “hold” rating to a “buy” rating and set a $123.00 price target on the stock in a report on Tuesday, January 30th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and an average price target of $132.00.
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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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