Colony Group LLC decreased its stake in ANSYS, Inc. (NASDAQ:ANSS) by 3.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,085 shares of the software maker’s stock after selling 426 shares during the period. Colony Group LLC’s holdings in ANSYS were worth $3,368,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in ANSS. First PREMIER Bank acquired a new stake in shares of ANSYS during the 4th quarter valued at approximately $26,000. Winslow Evans & Crocker Inc. increased its stake in ANSYS by 85.2% in the 4th quarter. Winslow Evans & Crocker Inc. now owns 100 shares of the software maker’s stock valued at $26,000 after purchasing an additional 46 shares in the last quarter. Lenox Wealth Advisors LLC purchased a new position in ANSYS in the 4th quarter valued at approximately $36,000. Orion Portfolio Solutions LLC purchased a new position in ANSYS in the 4th quarter valued at approximately $36,000. Finally, Harel Insurance Investments & Financial Services Ltd. raised its holdings in ANSYS by 33.9% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 150 shares of the software maker’s stock worth $39,000 after purchasing an additional 38 shares during the last quarter. 94.94% of the stock is currently owned by hedge funds and other institutional investors.
In related news, VP Shane Emswiler sold 6,372 shares of the firm’s stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $291.48, for a total value of $1,857,310.56. Following the sale, the vice president now directly owns 36,851 shares of the company’s stock, valued at $10,741,329.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Richard S. Mahoney sold 3,467 shares of the firm’s stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $238.44, for a total transaction of $826,671.48. Following the completion of the sale, the vice president now directly owns 46,937 shares in the company, valued at $11,191,658.28. The disclosure for this sale can be found here. Insiders sold a total of 39,214 shares of company stock valued at $10,153,957 in the last 90 days. 1.11% of the stock is owned by company insiders.
A number of analysts have commented on ANSS shares. Needham & Company LLC downgraded ANSYS from a “buy” rating to a “hold” rating in a research report on Thursday, January 2nd. BidaskClub raised ANSYS from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, January 22nd. Citigroup lowered shares of ANSYS from a “buy” rating to a “neutral” rating and set a $300.00 price objective on the stock. in a research report on Friday, February 7th. Robert W. Baird decreased their price objective on shares of ANSYS from $323.00 to $305.00 and set an “outperform” rating on the stock in a research report on Friday, February 28th. Finally, Wedbush lowered their price objective on shares of ANSYS from $295.00 to $249.00 and set an “outperform” rating on the stock in a research note on Friday, March 13th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. ANSYS currently has an average rating of “Hold” and a consensus target price of $249.11.
Shares of NASDAQ:ANSS opened at $212.31 on Thursday. The business’s fifty day moving average price is $256.48 and its two-hundred day moving average price is $244.72. The stock has a market cap of $18.68 billion, a PE ratio of 40.52 and a beta of 1.43. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.24 and a current ratio of 2.24. ANSYS, Inc. has a one year low of $174.25 and a one year high of $299.06.
ANSYS (NASDAQ:ANSS) last announced its earnings results on Wednesday, February 26th. The software maker reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.71 by $0.25. The firm had revenue of $492.49 million for the quarter, compared to analysts’ expectations of $471.59 million. ANSYS had a return on equity of 15.76% and a net margin of 29.77%. As a group, equities research analysts predict that ANSYS, Inc. will post 5.23 earnings per share for the current fiscal year.
ANSYS, Inc develops and markets engineering simulation software and services worldwide. The company offers ANSYS Workbench, a framework upon which the company's engineering simulation technologies are built; ANSYS multiphysics software to simulate the interactions between structures, heat transfer, fluids, and electronics in a unified engineering simulation environment; and structural analysis product suite that provides simulation tools for product design and optimization.
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