Ansys (ANSS) Holdings Cut by Gulf International Bank UK Ltd

Gulf International Bank UK Ltd lowered its stake in shares of Ansys (NASDAQ:ANSS) by 1.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,613 shares of the software maker’s stock after selling 300 shares during the period. Gulf International Bank UK Ltd’s holdings in Ansys were worth $4,169,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of ANSS. Cerebellum GP LLC acquired a new stake in shares of Ansys during the fourth quarter worth about $122,000. Calton & Associates Inc. acquired a new stake in shares of Ansys during the fourth quarter worth about $184,000. Conning Inc. acquired a new stake in shares of Ansys during the fourth quarter worth about $204,000. OppenheimerFunds Inc. acquired a new stake in shares of Ansys during the fourth quarter worth about $212,000. Finally, Clifford Swan Investment Counsel LLC acquired a new stake in shares of Ansys during the fourth quarter worth about $214,000. Hedge funds and other institutional investors own 94.09% of the company’s stock.

In related news, VP Matthew C. Zack sold 1,222 shares of Ansys stock in a transaction that occurred on Monday, April 30th. The stock was sold at an average price of $162.97, for a total value of $199,149.34. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, VP Richard S. Mahoney sold 1,625 shares of Ansys stock in a transaction that occurred on Wednesday, March 7th. The shares were sold at an average price of $161.90, for a total value of $263,087.50. The disclosure for this sale can be found here. In the last three months, insiders sold 28,209 shares of company stock worth $4,642,403. 1.10% of the stock is owned by insiders.

A number of research firms have recently commented on ANSS. Mitsubishi UFJ Financial Group raised Ansys from a “neutral” rating to an “overweight” rating in a research report on Thursday, May 3rd. Zacks Investment Research lowered Ansys from a “buy” rating to a “hold” rating in a research report on Monday. ValuEngine raised Ansys from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. UBS raised Ansys from a “neutral” rating to an “overweight” rating in a research report on Thursday, May 3rd. Finally, Wedbush reaffirmed a “neutral” rating and set a $160.00 price target (down previously from $163.00) on shares of Ansys in a research report on Friday, May 4th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and an average price target of $136.10.

Shares of Ansys opened at $164.52 on Tuesday, Marketbeat Ratings reports. Ansys has a 52-week low of $119.20 and a 52-week high of $173.20. The company has a market capitalization of $13.86 billion, a P/E ratio of 45.57 and a beta of 1.02.

Ansys (NASDAQ:ANSS) last announced its earnings results on Wednesday, May 2nd. The software maker reported $1.22 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.04 by $0.18. Ansys had a return on equity of 14.51% and a net margin of 24.92%. The business had revenue of $285.20 million for the quarter, compared to analyst estimates of $276.56 million. During the same quarter last year, the firm earned $0.89 EPS. Ansys’s revenue for the quarter was up 12.5% compared to the same quarter last year. equities analysts expect that Ansys will post 4.4 earnings per share for the current year.

Ansys announced that its Board of Directors has initiated a share buyback plan on Wednesday, February 21st that permits the company to repurchase 5,000,000 outstanding shares. This repurchase authorization permits the software maker to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its shares are undervalued.

Ansys 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.

Institutional Ownership by Quarter for Ansys (NASDAQ:ANSS)

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