Healthcare of Ontario Pension Plan Trust Fund Grows Position in ANSYS, Inc. (NASDAQ:ANSS)

Posted by on Mar 1st, 2023

Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of ANSYS, Inc. (NASDAQ:ANSS – Get Rating) by 392.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,785 shares of the software maker’s stock after buying an additional 2,220 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in ANSYS were worth $617,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Cetera Investment Advisers raised its holdings in shares of ANSYS by 1.7% during the 2nd quarter. Cetera Investment Advisers now owns 2,321 shares of the software maker’s stock valued at $555,000 after buying an additional 38 shares during the period. Veritable L.P. raised its holdings in shares of ANSYS by 1.9% during the 3rd quarter. Veritable L.P. now owns 2,206 shares of the software maker’s stock valued at $489,000 after buying an additional 42 shares during the period. Trust Asset Management LLC raised its holdings in shares of ANSYS by 5.3% during the 2nd quarter. Trust Asset Management LLC now owns 918 shares of the software maker’s stock valued at $220,000 after buying an additional 46 shares during the period. Financial Consulate Inc. raised its holdings in shares of ANSYS by 3.4% during the 3rd quarter. Financial Consulate Inc. now owns 1,569 shares of the software maker’s stock valued at $348,000 after buying an additional 52 shares during the period. Finally, Red Spruce Capital LLC increased its holdings in ANSYS by 2.5% during the 3rd quarter. Red Spruce Capital LLC now owns 2,268 shares of the software maker’s stock worth $503,000 after purchasing an additional 55 shares during the last quarter. 89.82% of the stock is currently owned by hedge funds and other institutional investors.

ANSYS Trading Up 2.7 %

NASDAQ:ANSS opened at $303.61 on Wednesday. ANSYS, Inc. has a 12-month low of $194.23 and a 12-month high of $333.83. The firm has a market capitalization of $26.44 billion, a P/E ratio of 50.69, a P/E/G ratio of 5.53 and a beta of 1.26. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.09 and a quick ratio of 2.09. The business has a 50 day simple moving average of $260.25 and a 200 day simple moving average of $246.56.

ANSYS (NASDAQ:ANSS – Get Rating) last released its quarterly earnings data on Thursday, February 23rd. The software maker reported $3.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.80 by $0.29. ANSYS had a return on equity of 12.22% and a net margin of 25.35%. The business had revenue of $694.70 million during the quarter, compared to analyst estimates of $649.47 million. During the same quarter in the previous year, the firm posted $2.41 EPS. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. Equities research analysts predict that ANSYS, Inc. will post 6.63 EPS for the current year.

Insiders Place Their Bets

In other ANSYS news, SVP Shane Emswiler sold 11,419 shares of the business’s stock in a transaction on Tuesday, February 21st. The stock was sold at an average price of $265.68, for a total transaction of $3,033,799.92. Following the completion of the transaction, the senior vice president now owns 32,821 shares in the company, valued at approximately $8,719,883.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.54% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Loop Capital lifted their price objective on ANSYS from $230.00 to $310.00 in a report on Friday, February 24th. Royal Bank of Canada lifted their price objective on ANSYS from $248.00 to $292.00 in a report on Friday, February 24th. Robert W. Baird lifted their price objective on ANSYS from $305.00 to $327.00 and gave the stock an “outperform” rating in a report on Friday, February 24th. Oppenheimer lifted their price objective on ANSYS from $275.00 to $330.00 in a report on Thursday, February 23rd. Finally, Citigroup decreased their target price on ANSYS from $243.00 to $233.00 in a research report on Friday, November 4th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $286.25.

ANSYS Profile

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ANSYS, Inc engages in the development and marketing of engineering simulation software and services. It operates through the following geographical segments: Americas, Europe, Middle East and Africa, and Asia-Pacific. The firm’s solutions include automotive, aerospace and defense, construction, energy, materials and chemical processing, autonomous engineering, and electrification.

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Institutional Ownership by Quarter for ANSYS (NASDAQ:ANSS)

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