TLP Group LLC bought a new stake in ANSYS, Inc. (NASDAQ:ANSS) in the 1st quarter, HoldingsChannel.com reports. The institutional investor bought 3,162 shares of the software maker’s stock, valued at approximately $495,000. ANSYS makes up 0.3% of TLP Group LLC’s portfolio, making the stock its 26th largest holding.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fiera Capital Corp bought a new position in ANSYS during the first quarter worth about $211,000. GWM Advisors LLC bought a new position in ANSYS during the first quarter worth about $214,000. OppenheimerFunds Inc. bought a new position in ANSYS during the fourth quarter worth about $212,000. Clifford Swan Investment Counsel LLC bought a new position in shares of ANSYS in the fourth quarter valued at approximately $214,000. Finally, Highland Capital Management LP bought a new position in shares of ANSYS in the fourth quarter valued at approximately $221,000. Institutional investors and hedge funds own 93.15% of the company’s stock.
Shares of ANSYS traded up $0.08, reaching $175.87, during midday trading on Thursday, Marketbeat.com reports. The company had a trading volume of 1,797 shares, compared to its average volume of 479,342. The firm has a market cap of $14.53 billion, a P/E ratio of 48.54 and a beta of 1.04. ANSYS, Inc. has a 1-year low of $119.20 and a 1-year high of $178.06.
ANSYS (NASDAQ:ANSS) last issued its quarterly earnings results on Wednesday, May 2nd. The software maker reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.18. The business had revenue of $285.20 million during the quarter, compared to analyst estimates of $276.56 million. ANSYS had a net margin of 24.92% and a return on equity of 14.51%. ANSYS’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.89 earnings per share. equities analysts anticipate that ANSYS, Inc. will post 4.4 earnings per share for the current fiscal year.
ANSYS announced that its board 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 reacquire shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.
In other ANSYS news, Director James E. Cashman III sold 40,254 shares of ANSYS stock in a transaction on Tuesday, May 22nd. The shares were sold at an average price of $163.76, for a total transaction of $6,591,995.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ajei Gopal sold 3,711 shares of ANSYS stock in a transaction on Monday, May 21st. The stock was sold at an average price of $165.30, for a total transaction of $613,428.30. The disclosure for this sale can be found here. In the last three months, insiders sold 46,049 shares of company stock valued at $7,540,769. 1.10% of the stock is currently owned by company insiders.
A number of research analysts have recently issued reports on ANSS shares. BidaskClub cut shares of ANSYS from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 24th. 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. Wedbush reiterated a “neutral” rating and issued a $136.00 target price (down previously from $160.00) on shares of ANSYS in a research note on Friday, February 23rd. UBS Group upgraded shares of ANSYS from a “neutral” rating to an “overweight” rating in a research note on Thursday, May 3rd. Finally, ValuEngine upgraded shares of ANSYS from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. 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 company’s stock. ANSYS currently has a consensus rating of “Hold” and a consensus target price of $136.40.
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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