Alps Advisors Inc. raised its position in shares of Ansys (NASDAQ:ANSS) by 29.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,022 shares of the software maker’s stock after acquiring an additional 461 shares during the period. Alps Advisors Inc.’s holdings in Ansys were worth $317,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Cerebellum GP LLC bought a new stake in Ansys during the fourth quarter valued at about $122,000. Calton & Associates Inc. bought a new stake in shares of Ansys in the fourth quarter valued at about $184,000. Advisor Partners LLC bought a new stake in shares of Ansys in the fourth quarter valued at about $219,000. Conning Inc. bought a new stake in shares of Ansys in the fourth quarter valued at about $204,000. Finally, Diversified Trust Co bought a new stake in shares of Ansys in the fourth quarter valued at about $210,000. Institutional investors own 96.70% of the company’s stock.
Several research firms recently weighed in on ANSS. Mitsubishi UFJ Financial Group upgraded shares of Ansys from a “neutral” rating to an “overweight” rating in a research note on Thursday, May 3rd. Wedbush reiterated a “neutral” rating and issued a $160.00 target price (down previously from $163.00) on shares of Ansys in a research note on Friday, May 4th. UBS upgraded shares of Ansys from a “neutral” rating to an “overweight” rating in a research note on Thursday, May 3rd. Zacks Investment Research upgraded shares of Ansys from a “hold” rating to a “buy” rating and set a $180.00 target price for the company in a research note on Monday, May 7th. Finally, BidaskClub cut shares of Ansys from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 26th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $136.10.
Ansys (NASDAQ:ANSS) last announced its quarterly earnings results on Wednesday, May 2nd. The software maker reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.18. The firm had revenue of $285.20 million during the quarter, compared to analysts’ expectations of $276.56 million. Ansys had a net margin of 24.92% and a return on equity of 14.51%. The company’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.89 earnings per share. equities analysts expect that Ansys will post 4.4 EPS for the current year.
Ansys declared that its Board of Directors has approved a share repurchase program on Wednesday, February 21st that allows the company to buyback 5,000,000 shares. This buyback authorization allows the software maker to buy shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.
In other Ansys news, VP Matthew C. Zack sold 1,222 shares of the firm’s stock in a transaction dated Monday, April 30th. The shares were sold at an average price of $162.97, for a total transaction of $199,149.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Bradford C. Morley sold 24,500 shares of the firm’s stock in a transaction dated Wednesday, March 7th. The stock was sold at an average price of $165.06, for a total transaction of $4,043,970.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 28,209 shares of company stock valued at $4,642,403. Corporate insiders own 1.10% of the company’s stock.
Ansys Company Profile
ANSYS, Inc develops and markets engineering simulation software and services used by engineers, designers, researchers, and students in the aerospace and defense, automotive, electronics, semiconductors, energy, materials and chemical processing, turbomachinery, consumer products, healthcare, and sports industries and academia worldwide.
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