ANSYS, Inc. (NASDAQ:ANSS) Shares Purchased by Los Angeles Capital Management LLC

Posted by Defense World Staff on May 2nd, 2023

Los Angeles Capital Management LLC increased its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS – Get Rating) by 17.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,959 shares of the software maker’s stock after purchasing an additional 870 shares during the period. Los Angeles Capital Management LLC’s holdings in ANSYS were worth $1,440,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of ANSS. Park Avenue Securities LLC raised its holdings in 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 acquiring an additional 39 shares in the last quarter. Veritable L.P. grew its position in shares of 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 last quarter. Utah Retirement Systems grew its position in shares of 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 last quarter. Financial Consulate Inc. grew its position in shares of 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 last quarter. Finally, Heritage Wealth Management LLC grew its position in ANSYS by 2.8% in the 3rd quarter. Heritage Wealth Management LLC now owns 1,743 shares of the software maker’s stock valued at $386,000 after buying an additional 47 shares in the last quarter. Institutional investors and hedge funds own 89.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Mizuho increased their target price on shares of ANSYS from $260.00 to $280.00 and gave the company a “neutral” rating in a research report on Monday, April 17th. Rosenblatt Securities upped their price objective on shares of ANSYS from $270.00 to $310.00 and gave the company a “buy” rating in a research note on Friday, February 24th. TheStreet raised shares of ANSYS from a “c+” rating to a “b” rating in a research report on Wednesday, February 22nd. Oppenheimer increased their price target on shares of ANSYS from $275.00 to $330.00 in a research report on Thursday, February 23rd. Finally, StockNews.com began coverage on ANSYS in a report on Thursday, March 16th. They issued a “hold” rating on the stock. One analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $311.92.

Insider Buying and Selling at ANSYS

In related news, SVP Janet Lee sold 984 shares of ANSYS stock in a transaction dated Tuesday, February 28th. The stock was sold at an average price of $300.31, for a total value of $295,505.04. Following the completion of 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 document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, SVP Shane Emswiler sold 3,859 shares of ANSYS stock in a transaction dated Tuesday, March 7th. The stock was sold at an average price of $307.82, for a total value of $1,187,877.38. Following the completion of the sale, the senior vice president now directly owns 25,990 shares in the company, valued at $8,000,241.80. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Janet Lee sold 984 shares of ANSYS stock in a transaction dated Tuesday, February 28th. The stock was sold at an average price of $300.31, for a total value of $295,505.04. Following the completion of the sale, the senior vice president now owns 24,384 shares of the company’s stock, valued at $7,322,759.04. The disclosure for this sale can be found here. Over the last three months, insiders sold 16,262 shares of company stock valued at $4,517,182. 0.53% of the stock is currently owned by company insiders.

ANSYS Trading Up 0.1 %

Shares of ANSYS stock opened at $314.17 on Tuesday. The company’s fifty day simple moving average is $311.92 and its 200-day simple moving average is $268.84. The company has a market cap of $27.27 billion, a price-to-earnings ratio of 52.45, a PEG ratio of 6.14 and a beta of 1.25. The company has a current ratio of 2.09, a quick ratio of 2.09 and a debt-to-equity ratio of 0.15. ANSYS, Inc. has a 1 year low of $194.23 and a 1 year high of $333.89.

ANSYS (NASDAQ:ANSS – Get Rating) last issued its earnings results on Thursday, February 23rd. The software maker reported $3.09 EPS for the quarter, topping the consensus estimate of $2.80 by $0.29. The firm had revenue of $694.70 million during the quarter, compared to analysts’ expectations of $649.47 million. ANSYS had a return on equity of 12.22% and a net margin of 25.35%. ANSYS’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period last year, the business earned $2.41 earnings per share. As a group, sell-side analysts expect that ANSYS, Inc. will post 6.73 EPS for the current year.

ANSYS Company Profile

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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.