Signaturefd LLC Lowers Holdings in ANSYS, Inc. (NASDAQ:ANSS)

Signaturefd LLC reduced its position in shares of ANSYS, Inc. (NASDAQ:ANSS) by 5.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,668 shares of the software maker’s stock after selling 92 shares during the quarter. Signaturefd LLC’s holdings in ANSYS were worth $605,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Pathway Financial Advisors LLC purchased a new stake in shares of ANSYS during the 4th quarter worth about $222,000. Verdence Capital Advisors LLC boosted its stake in shares of ANSYS by 1.7% during the 4th quarter. Verdence Capital Advisors LLC now owns 2,071 shares of the software maker’s stock worth $752,000 after acquiring an additional 35 shares in the last quarter. abrdn plc lifted its stake in ANSYS by 32.7% in the 4th quarter. abrdn plc now owns 66,516 shares of the software maker’s stock valued at $24,137,000 after buying an additional 16,391 shares in the last quarter. Beaumont Financial Advisors LLC purchased a new position in ANSYS in the 4th quarter valued at about $216,000. Finally, Fidelis Capital Partners LLC purchased a new position in ANSYS in the 4th quarter valued at about $258,000. 92.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ANSS. StockNews.com began coverage on shares of ANSYS in a research note on Tuesday. They issued a “hold” rating on the stock. Mizuho decreased their price target on shares of ANSYS from $350.00 to $330.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 17th. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $345.00 price target on shares of ANSYS in a research note on Tuesday, March 5th. Wolfe Research reaffirmed a “peer perform” rating on shares of ANSYS in a research note on Wednesday, January 17th. Finally, Barclays raised their price target on shares of ANSYS from $314.00 to $340.00 and gave the company an “underweight” rating in a research note on Thursday, February 22nd. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $323.86.

ANSYS Stock Up 0.4 %

ANSS stock opened at $325.97 on Wednesday. The company has a market cap of $28.46 billion, a price-to-earnings ratio of 56.89, a PEG ratio of 5.14 and a beta of 1.16. The company has a current ratio of 2.30, a quick ratio of 2.30 and a debt-to-equity ratio of 0.14. ANSYS, Inc. has a 12 month low of $258.01 and a 12 month high of $364.31. The firm has a 50-day moving average of $336.83 and a two-hundred day moving average of $321.07.

ANSYS (NASDAQ:ANSS) last announced its quarterly earnings results on Wednesday, February 21st. The software maker reported $3.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.71 by $0.23. The business had revenue of $805.10 million during the quarter, compared to the consensus estimate of $797.49 million. ANSYS had a net margin of 22.05% and a return on equity of 11.83%. The business’s revenue was up 15.9% compared to the same quarter last year. During the same quarter last year, the firm earned $2.61 EPS. As a group, analysts forecast that ANSYS, Inc. will post 7.26 earnings per share for the current fiscal year.

Insider Transactions at ANSYS

In other news, Director Glenda Dorchak sold 150 shares of the firm’s stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $342.08, for a total transaction of $51,312.00. Following the completion of the sale, the director now owns 3,049 shares in the company, valued at approximately $1,043,001.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.53% of the company’s stock.

ANSYS Company Profile

ANSYS, Inc develops and markets engineering simulation software and services for engineers, designers, researchers, and students in the United States, Japan, Germany, China, Hong Kong, South Korea, rest of Europe, the Middle East, Africa, and internationally. It offers structural analysis product suite that provides simulation tools for product design and optimization; the Ansys Mechanical product, an element analysis software; LS-DYNA solver for multiphysics simulation; and power analysis and optimization software suite.