Signaturefd LLC decreased its stake in ANSYS, Inc. (NASDAQ:ANSS – Get Rating) by 44.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,408 shares of the software maker’s stock after selling 1,120 shares during the period. Signaturefd LLC’s holdings in ANSYS were worth $340,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. 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 valued at $1,527,000 after purchasing an additional 39 shares during the period. Veritable L.P. increased its holdings in 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 acquiring an additional 42 shares in the last quarter. Utah Retirement Systems increased its holdings in ANSYS by 0.3% during the 3rd quarter. Utah Retirement Systems now owns 15,606 shares of the software maker’s stock valued at $3,459,000 after acquiring an additional 42 shares in the last quarter. Financial Consulate Inc. increased its holdings in ANSYS by 2.7% during the 4th quarter. Financial Consulate Inc. now owns 1,611 shares of the software maker’s stock valued at $389,000 after acquiring an additional 42 shares in the last quarter. Finally, Heritage Wealth Management LLC increased its holdings in ANSYS by 2.8% during the 3rd quarter. Heritage Wealth Management LLC now owns 1,743 shares of the software maker’s stock valued at $386,000 after acquiring an additional 47 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 other ANSYS news, SVP Shane Emswiler sold 11,419 shares of ANSYS stock in a transaction that occurred 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 directly owns 32,821 shares of the company’s stock, valued at $8,719,883.28. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, SVP Janet Lee sold 984 shares of the business’s 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 directly owns 24,384 shares of the company’s stock, valued at $7,322,759.04. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 transaction, the senior vice president now directly owns 32,821 shares in the company, valued at $8,719,883.28. The disclosure for this sale can be found here. Insiders have sold a total of 16,262 shares of company stock valued at $4,517,182 over the last ninety days. Corporate insiders own 0.53% of the company’s stock.
ANSYS Price Performance
ANSYS (NASDAQ:ANSS – Get Rating) last released its earnings results 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 net margin of 25.35% and a return on equity of 12.22%. The firm had revenue of $694.70 million during the quarter, compared to the consensus estimate of $649.47 million. During the same period in the previous year, the firm earned $2.41 earnings per share. ANSYS’s revenue was up 5.0% compared to the same quarter last year. Sell-side analysts predict that ANSYS, Inc. will post 6.73 earnings per share for the current year.
Wall Street Analyst Weigh In
Several equities analysts have weighed in on the stock. StockNews.com assumed coverage on shares of ANSYS in a report on Thursday, March 16th. They set a “hold” rating for the company. Oppenheimer raised their target price on shares of ANSYS from $275.00 to $330.00 in a report on Thursday, February 23rd. Rosenblatt Securities raised their target price on shares of ANSYS from $270.00 to $310.00 and gave the company a “buy” rating in a report on Friday, February 24th. Mizuho raised their target price on shares of ANSYS from $220.00 to $260.00 and gave the company a “neutral” rating in a report on Friday, February 24th. Finally, Robert W. Baird raised their target price on shares of ANSYS from $305.00 to $327.00 and gave the company an “outperform” rating in a report on Friday, February 24th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, ANSYS has an average rating of “Hold” and an average target price of $300.33.
ANSYS Company Profile
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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