HPM Partners LLC lessened its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS) by 5.9% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 22,477 shares of the software maker’s stock after selling 1,410 shares during the period. HPM Partners LLC’s holdings in ANSYS were worth $3,317,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in the company. Cerebellum GP LLC bought a new position in ANSYS in the fourth quarter valued at about $122,000. Calton & Associates Inc. bought a new position in ANSYS in the fourth quarter valued at about $184,000. Zions Bancorporation boosted its holdings in 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 acquiring an additional 1,542 shares during the last quarter. Conning Inc. bought a new position in ANSYS in the fourth quarter valued at about $204,000. Finally, Diversified Trust Co bought a new position in ANSYS in the fourth quarter valued at about $210,000. Institutional investors own 96.53% of the company’s stock.
Several research firms recently issued reports on ANSS. BidaskClub upgraded ANSYS from a “buy” rating to a “strong-buy” rating in a report on Saturday. ValuEngine upgraded ANSYS from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. 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. Zacks Investment Research cut ANSYS from a “buy” rating to a “hold” rating in a report on Tuesday, January 2nd. Finally, 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. Two analysts have rated the stock with a sell rating, nine have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $132.00.
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 announced that its board has approved a share buyback program on Wednesday, February 21st that allows the company to buyback 5,000,000 outstanding shares. This buyback authorization allows the software maker to reacquire shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is 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.
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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