First Personal Financial Services decreased its holdings in Ansys (NASDAQ:ANSS) by 14.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,299 shares of the software maker’s stock after selling 5,307 shares during the quarter. Ansys makes up approximately 1.0% of First Personal Financial Services’ holdings, making the stock its 26th largest holding. First Personal Financial Services’ holdings in Ansys were worth $4,748,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also bought and sold shares of the company. Cerebellum GP LLC acquired a new position in shares of Ansys in the 4th quarter valued at about $122,000. Calton & Associates Inc. acquired a new position in shares of Ansys in the 4th quarter valued at about $184,000. Advisor Partners LLC acquired a new position in shares of Ansys in the 4th quarter valued at about $219,000. Conning Inc. acquired a new position in shares of Ansys in the 4th quarter valued at about $204,000. Finally, OppenheimerFunds Inc. acquired a new position in shares of Ansys in the 4th quarter valued at about $212,000. Institutional investors own 94.09% of the company’s stock.
In other Ansys news, VP Richard S. Mahoney sold 1,625 shares of the company’s stock in a transaction that occurred on Wednesday, March 7th. The stock was sold at an average price of $161.90, for a total value of $263,087.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director James E. Cashman III sold 862 shares of the company’s stock in a transaction that occurred on Tuesday, April 10th. The shares were sold at an average price of $158.00, for a total value of $136,196.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 72,174 shares of company stock worth $11,847,826. 1.10% of the stock is currently owned by corporate insiders.
Several equities analysts have recently weighed in on ANSS shares. BidaskClub lowered Ansys from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 26th. Berenberg Bank raised Ansys from a “hold” rating to a “buy” rating and set a $123.00 price target on the stock in a research report on Tuesday, January 30th. Wedbush reissued a “neutral” rating and set a $136.00 price target (down from $160.00) on shares of Ansys in a research report on Friday, February 23rd. Zacks Investment Research raised Ansys from a “hold” rating to a “buy” rating and set a $181.00 price target on the stock in a research report on Wednesday, February 28th. Finally, ValuEngine raised Ansys from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Ansys has an average rating of “Hold” and a consensus price target of $136.50.
Ansys stock opened at $162.32 on Friday. The company has a market cap of $13.79 billion, a P/E ratio of 44.96 and a beta of 1.02. Ansys has a one year low of $119.20 and a one year high of $173.20.
Ansys (NASDAQ:ANSS) last released its quarterly earnings results on Wednesday, May 2nd. The software maker reported $1.22 EPS for the quarter, topping the 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 firm had revenue of $285.20 million for the quarter, compared to analyst estimates of $276.56 million. During the same period in the previous year, the company posted $0.89 EPS. Ansys’s revenue for the quarter was up 12.5% on a year-over-year basis. analysts predict that Ansys will post 4.4 earnings per share for the current fiscal year.
Ansys declared that its Board of Directors has initiated a share buyback plan on Wednesday, February 21st that allows the company to repurchase 5,000,000 outstanding shares. This repurchase authorization allows the software maker to repurchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.
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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