LS Investment Advisors LLC reduced its stake in shares of Ansys (NASDAQ:ANSS) by 7.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,206 shares of the software maker’s stock after selling 347 shares during the quarter. LS Investment Advisors LLC’s holdings in Ansys were worth $659,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. Cerebellum GP LLC purchased a new stake in shares of Ansys during the fourth quarter valued at $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. 96.70% of the stock is owned by hedge funds and other institutional investors.
In other Ansys news, Director Bradford C. Morley sold 24,500 shares of the business’s stock in a transaction dated Wednesday, March 7th. The shares were sold at an average price of $165.06, for a total value of $4,043,970.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James E. Cashman III sold 862 shares of the business’s stock in a transaction dated Tuesday, April 10th. The stock was sold at an average price of $158.00, for a total transaction of $136,196.00. The disclosure for this sale can be found here. Insiders sold 28,209 shares of company stock valued at $4,642,403 over the last quarter. 1.10% of the stock is currently owned by corporate insiders.
Ansys (NASDAQ:ANSS) last announced its earnings results on Wednesday, May 2nd. The software maker reported $1.22 EPS for the quarter, topping the Zacks’ consensus estimate of $1.04 by $0.18. The business had revenue of $285.20 million during the quarter, compared to the consensus estimate of $276.56 million. Ansys had a net margin of 24.92% and a return on equity of 14.51%. The firm’s revenue was up 12.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.89 earnings per share. equities analysts predict that Ansys will post 4.4 EPS for the current fiscal year.
Ansys declared that its Board of Directors has approved a share buyback program on Wednesday, February 21st that permits the company to repurchase 5,000,000 shares. This repurchase authorization permits the software maker to purchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.
Several analysts recently weighed in on the company. Mitsubishi UFJ Financial Group upgraded Ansys from a “neutral” rating to an “overweight” rating in a report on Thursday, May 3rd. Zacks Investment Research upgraded Ansys from a “hold” rating to a “buy” rating and set a $180.00 price objective for the company in a report on Monday, May 7th. Wedbush restated a “neutral” rating and issued a $160.00 price objective (down from $163.00) on shares of Ansys in a report on Friday, May 4th. UBS upgraded Ansys from a “neutral” rating to an “overweight” rating in a report on Thursday, May 3rd. Finally, BidaskClub upgraded Ansys from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 10th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Ansys currently has a consensus rating of “Hold” and a consensus target price of $136.10.
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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