ANSYS, Inc. (NASDAQ:ANSS) Shares Sold by Verition Fund Management LLC

Posted by on Mar 5th, 2023

Verition Fund Management LLC lessened its stake in ANSYS, Inc. (NASDAQ:ANSS – Get Rating) by 33.6% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 2,872 shares of the software maker’s stock after selling 1,455 shares during the period. Verition Fund Management LLC’s holdings in ANSYS were worth $637,000 at the end of the most recent quarter.

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

Insider Buying and Selling at ANSYS

In related news, SVP Shane Emswiler sold 11,419 shares of ANSYS stock in a transaction on Tuesday, February 21st. The shares were sold at an average price of $265.68, for a total transaction of $3,033,799.92. Following the transaction, the senior vice president now owns 32,821 shares in the company, valued at approximately $8,719,883.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, SVP Janet Lee sold 984 shares of ANSYS stock in a transaction on Tuesday, February 28th. The shares were sold at an average price of $300.31, for a total transaction of $295,505.04. Following the transaction, the senior vice president now owns 24,384 shares in the company, valued at approximately $7,322,759.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Shane Emswiler sold 11,419 shares of ANSYS stock in a transaction on Tuesday, February 21st. The shares were sold at an average price of $265.68, for a total transaction of $3,033,799.92. Following the transaction, the senior vice president now owns 32,821 shares in the company, valued at approximately $8,719,883.28. The disclosure for this sale can be found here. 0.63% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Loop Capital boosted their price target on shares of ANSYS from $230.00 to $310.00 in a research note on Friday, February 24th. Robert W. Baird boosted their price target on shares of ANSYS from $305.00 to $327.00 and gave the stock an “outperform” rating in a research note on Friday, February 24th. Rosenblatt Securities boosted their price target on shares of ANSYS from $270.00 to $310.00 and gave the stock a “buy” rating in a research note on Friday, February 24th. Royal Bank of Canada boosted their price target on shares of ANSYS from $248.00 to $292.00 in a research note on Friday, February 24th. Finally, Barclays boosted their target price on shares of ANSYS from $200.00 to $226.00 and gave the stock an “underweight” rating in a research note on Wednesday, January 11th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $286.25.

ANSYS Stock Up 0.9 %

Shares of ANSS opened at $310.37 on Friday. The firm has a market cap of $27.03 billion, a PE ratio of 51.81, a price-to-earnings-growth ratio of 6.08 and a beta of 1.24. The company’s fifty day moving average is $264.26 and its two-hundred day moving average is $247.26. ANSYS, Inc. has a fifty-two week low of $194.23 and a fifty-two week high of $328.94. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 0.15.

ANSYS (NASDAQ:ANSS – Get Rating) last announced its quarterly earnings results on Thursday, February 23rd. The software maker reported $3.09 earnings per share for the quarter, beating analysts’ consensus estimates of $2.80 by $0.29. The company had revenue of $694.70 million for the quarter, compared to analyst estimates of $649.47 million. ANSYS had a net margin of 25.35% and a return on equity of 12.22%. ANSYS’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter last year, the business earned $2.41 EPS. Analysts forecast that ANSYS, Inc. will post 6.63 earnings per share for the current year.

About ANSYS

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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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