First Trust Advisors LP lowered its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) by 83.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,773 shares of the software maker’s stock after selling 108,044 shares during the period. First Trust Advisors LP’s holdings in ANSYS were worth $3,213,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. Sei Investments Co. boosted its holdings in ANSYS by 1.1% during the fourth quarter. Sei Investments Co. now owns 134,419 shares of the software maker’s stock worth $19,839,000 after buying an additional 1,478 shares during the last quarter. Buckley Wealth Management LLC bought a new position in shares of ANSYS during the 4th quarter valued at about $652,000. KBC Group NV lifted its holdings in shares of ANSYS by 28.0% during the 4th quarter. KBC Group NV now owns 68,379 shares of the software maker’s stock valued at $10,092,000 after purchasing an additional 14,946 shares in the last quarter. California Public Employees Retirement System lifted its holdings in shares of ANSYS by 2.6% during the 4th quarter. California Public Employees Retirement System now owns 231,429 shares of the software maker’s stock valued at $34,157,000 after purchasing an additional 5,778 shares in the last quarter. Finally, Teacher Retirement System of Texas lifted its holdings in shares of ANSYS by 256.4% during the 4th quarter. Teacher Retirement System of Texas now owns 40,092 shares of the software maker’s stock valued at $5,917,000 after purchasing an additional 28,844 shares in the last quarter. Hedge funds and other institutional investors own 96.53% of the company’s stock.
Several equities analysts have recently weighed in on the company. BidaskClub upgraded ANSYS from a “buy” rating to a “strong-buy” rating in a report on Saturday. Zacks Investment Research upgraded ANSYS from a “hold” rating to a “buy” rating and set a $181.00 price objective on the stock in a report on Wednesday, February 28th. ValuEngine upgraded ANSYS from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Wedbush reiterated a “neutral” rating and set a $136.00 price objective (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 objective on the stock in a report on Tuesday, January 30th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $132.00.
Shares of ANSYS, Inc. (NASDAQ ANSS) opened at $167.75 on Wednesday. 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 $14,253.10, a P/E ratio of 56.10 and a beta of 1.04.
ANSYS (NASDAQ:ANSS) last announced its earnings results on Wednesday, February 21st. The software maker reported $1.07 earnings per share (EPS) for the quarter, beating 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 business had revenue of $302.34 million for the quarter, compared to analyst estimates of $290.66 million. During the same quarter last year, the firm earned $0.98 EPS. ANSYS’s revenue for the quarter was up 11.7% compared to the same quarter last year. equities research analysts anticipate that ANSYS, Inc. will post 4.41 earnings per share for the current year.
ANSYS declared that its board has authorized a stock 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 reacquire shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s leadership believes its shares are undervalued.
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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