Fifth Third Bancorp lifted its holdings in ANSYS, Inc. (NASDAQ:ANSS – Get Rating) by 5.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,919 shares of the software maker’s stock after purchasing an additional 714 shares during the period. Fifth Third Bancorp’s holdings in ANSYS were worth $3,604,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in the business. Park Avenue Securities LLC lifted its stake in shares of ANSYS by 0.6% in the fourth quarter. Park Avenue Securities LLC now owns 6,319 shares of the software maker’s stock worth $1,527,000 after buying an additional 39 shares during the last quarter. Veritable L.P. increased its position in ANSYS by 1.9% during the third quarter. Veritable L.P. now owns 2,206 shares of the software maker’s stock worth $489,000 after acquiring an additional 42 shares during the period. Utah Retirement Systems increased its position in ANSYS by 0.3% during the third quarter. Utah Retirement Systems now owns 15,606 shares of the software maker’s stock worth $3,459,000 after acquiring an additional 42 shares during the period. Financial Consulate Inc. increased its position in ANSYS by 2.7% during the fourth quarter. Financial Consulate Inc. now owns 1,611 shares of the software maker’s stock worth $389,000 after acquiring an additional 42 shares during the period. Finally, Heritage Wealth Management LLC increased its position in ANSYS by 2.8% during the third quarter. Heritage Wealth Management LLC now owns 1,743 shares of the software maker’s stock worth $386,000 after acquiring an additional 47 shares during the period. Institutional investors and hedge funds own 89.82% of the company’s stock.
Wall Street Analysts Forecast Growth
ANSS has been the topic of a number of research reports. Mizuho boosted their target price on shares of ANSYS from $220.00 to $260.00 and gave the stock a “neutral” rating in a research report on Friday, February 24th. Royal Bank of Canada boosted their target price on shares of ANSYS from $248.00 to $292.00 in a research report on Friday, February 24th. Loop Capital boosted their target price on shares of ANSYS from $230.00 to $310.00 in a research report on Friday, February 24th. 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 report on Wednesday, January 11th. Finally, TheStreet raised shares of ANSYS from a “c+” rating to a “b” rating in a research report on Wednesday, February 22nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat, ANSYS currently has a consensus rating of “Hold” and an average price target of $294.83.
ANSYS Trading Down 0.4 %
ANSYS (NASDAQ:ANSS – Get Rating) last posted its earnings results on Thursday, February 23rd. The software maker reported $3.09 earnings per share for the quarter, topping the consensus estimate of $2.80 by $0.29. ANSYS had a net margin of 25.35% and a return on equity of 12.22%. The business had revenue of $694.70 million for the quarter, compared to analyst estimates of $649.47 million. During the same quarter in the prior year, the firm earned $2.41 EPS. The firm’s quarterly revenue was up 5.0% compared to the same quarter last year. On average, analysts expect that ANSYS, Inc. will post 6.73 EPS for the current year.
Insider Transactions at ANSYS
In other news, SVP Shane Emswiler sold 3,859 shares of the company’s stock in a transaction dated Tuesday, March 7th. The shares were sold at an average price of $307.82, for a total value of $1,187,877.38. Following the sale, the senior vice president now owns 25,990 shares of the company’s stock, valued at approximately $8,000,241.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, SVP Shane Emswiler sold 3,859 shares of the company’s stock in a transaction dated Tuesday, March 7th. The shares were sold at an average price of $307.82, for a total value of $1,187,877.38. Following the sale, the senior vice president now owns 25,990 shares of the company’s stock, valued at approximately $8,000,241.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Janet Lee sold 984 shares of the company’s stock in a transaction dated Tuesday, February 28th. The stock was 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 disclosure for this sale can be found here. In the last quarter, insiders have sold 16,262 shares of company stock valued at $4,517,182. 0.53% of the stock is owned by insiders.
About ANSYS
ANSYS, Inc engages in the development and marketing of engineering simulation software and services. The firm’s solutions include automotive, aerospace and defense, construction, energy, materials and chemical processing, autonomous engineering, and electrification. The company was founded by John A.
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