Childress Capital Advisors LLC acquired a new position in shares of ANSYS, Inc. (NASDAQ:ANSS) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 144 shares of the software maker’s stock, valued at approximately $52,000.
A number of other institutional investors also recently bought and sold shares of ANSS. Perigon Wealth Management LLC purchased a new stake in ANSYS in the 4th quarter valued at about $32,000. CX Institutional grew its holdings in ANSYS by 47.8% in the 4th quarter. CX Institutional now owns 102 shares of the software maker’s stock valued at $37,000 after buying an additional 33 shares during the period. Hoover Financial Advisors Inc. purchased a new stake in ANSYS in the 4th quarter valued at about $37,000. BNC Wealth Management LLC purchased a new stake in ANSYS in the 3rd quarter valued at about $38,000. Finally, Sowell Financial Services LLC grew its holdings in ANSYS by 116.3% in the 4th quarter. Sowell Financial Services LLC now owns 106 shares of the software maker’s stock valued at $39,000 after buying an additional 57 shares during the period. Hedge funds and other institutional investors own 89.44% of the company’s stock.
A number of analysts have recently issued reports on the company. Zacks Investment Research cut ANSYS from a “hold” rating to a “strong sell” rating and set a $286.00 target price for the company. in a report on Thursday, March 4th. Credit Suisse Group decreased their target price on ANSYS from $413.00 to $392.00 and set an “outperform” rating for the company in a report on Thursday, March 4th. Finally, Royal Bank of Canada decreased their target price on ANSYS from $400.00 to $380.00 and set a “sector perform” rating for the company in a report on Thursday, March 4th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $323.63.
ANSYS (NASDAQ:ANSS) last posted its quarterly earnings results on Tuesday, February 23rd. The software maker reported $2.96 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.54 by $0.42. The business had revenue of $627.77 million for the quarter, compared to analyst estimates of $564.55 million. ANSYS had a return on equity of 12.09% and a net margin of 24.88%. During the same period in the prior year, the company posted $2.24 EPS. On average, equities analysts expect that ANSYS, Inc. will post 4.95 earnings per share for the current fiscal year.
In related news, SVP Shane Emswiler sold 5,549 shares of the company’s stock in a transaction on Friday, February 19th. The stock was sold at an average price of $392.69, for a total transaction of $2,179,036.81. Following the completion of the transaction, the senior vice president now directly owns 27,746 shares in the company, valued at approximately $10,895,576.74. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Richard S. Mahoney sold 3,224 shares of the company’s stock in a transaction on Tuesday, February 16th. The stock was sold at an average price of $409.00, for a total value of $1,318,616.00. Following the transaction, the senior vice president now owns 42,411 shares of the company’s stock, valued at $17,346,099. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,157 shares of company stock worth $4,873,228. Corporate insiders own 0.58% of the company’s stock.
ANSYS Company Profile
ANSYS, Inc develops and markets engineering simulation software and services worldwide. The company offers ANSYS Workbench, a framework upon which its engineering simulation technologies are built; multiphysics software to simulate the interactions between structures, heat transfer, fluids, and electronics in a unified engineering simulation environment; high-performance computing product suite, which delivers cross-physics parallel processing capabilities for simulation software; and structural analysis product suite that provides simulation tools for product design and optimization.
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