Macquarie Group Ltd. boosted its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS) by 109.6% during the 4th quarter, Holdings Channel reports. The firm owned 10,608 shares of the software maker’s stock after purchasing an additional 5,548 shares during the quarter. Macquarie Group Ltd.’s holdings in ANSYS were worth $1,573,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of ANSS. Cerebellum GP LLC purchased a new stake in ANSYS during the 4th quarter worth approximately $122,000. Calton & Associates Inc. purchased a new stake in ANSYS during the 4th quarter worth approximately $184,000. Zions Bancorporation increased its holdings in ANSYS by 9,070.6% during the 3rd quarter. Zions Bancorporation now owns 1,559 shares of the software maker’s stock worth $191,000 after purchasing an additional 1,542 shares during the last quarter. Conning Inc. purchased a new stake in ANSYS during the 4th quarter worth approximately $204,000. Finally, Diversified Trust Co purchased a new stake in ANSYS during the 4th quarter worth approximately $210,000. Institutional investors own 96.50% of the company’s stock.
In related news, VP Richard S. Mahoney sold 2,039 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $162.01, for a total transaction of $330,338.39. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Bradford C. Morley sold 24,500 shares of the business’s stock in a transaction that occurred on Wednesday, March 7th. The shares were sold at an average price of $165.06, for a total value of $4,043,970.00. The disclosure for this sale can be found here. Insiders have sold a total of 53,164 shares of company stock valued at $8,700,396 in the last 90 days. Insiders own 1.30% of the company’s stock.
Several equities research analysts have issued reports on the company. BidaskClub downgraded ANSYS from a “strong-buy” rating to a “buy” rating in a report on Friday, January 26th. Wedbush reiterated a “neutral” rating and issued a $136.00 target price (down previously from $160.00) on shares of ANSYS in a research report on Friday, February 23rd. Zacks Investment Research upgraded ANSYS from a “hold” rating to a “buy” rating and set a $181.00 target price for the company in a research report on Wednesday, February 28th. Berenberg Bank upgraded ANSYS from a “hold” rating to a “buy” rating and set a $123.00 target price for the company in a research report on Tuesday, January 30th. Finally, ValuEngine upgraded ANSYS from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $132.00.
Shares of ANSS opened at $157.79 on Friday. The company has a market capitalization of $13,089.80, a PE ratio of 43.71 and a beta of 1.02. ANSYS, Inc. has a 52 week low of $104.65 and a 52 week high of $171.92.
ANSYS (NASDAQ:ANSS) last released its quarterly earnings data on Wednesday, February 21st. The software maker reported $1.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.03 by $0.04. ANSYS had a return on equity of 13.77% and a net margin of 23.67%. The business had revenue of $302.34 million during the quarter, compared to analyst estimates of $290.66 million. During the same quarter in the previous year, the firm posted $0.98 EPS. The business’s revenue for the quarter was up 11.7% compared to the same quarter last year. research analysts expect that ANSYS, Inc. will post 4.41 earnings per share for the current year.
ANSYS declared that its board has initiated a share buyback plan on Wednesday, February 21st that authorizes the company to buyback 5,000,000 shares. This buyback authorization authorizes the software maker to reacquire shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.
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ANSYS Company Profile
ANSYS, Inc (ANSYS) develops and markets engineering simulation software and services used by engineers, designers, researchers and students across a range of industries and academia, including aerospace and defense, automotive, industrial equipment, electronics, biomedical, energy, materials and chemical processing, and semiconductors.
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