HPM Partners LLC lowered its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS) by 5.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 22,477 shares of the software maker’s stock after selling 1,410 shares during the quarter. HPM Partners LLC’s holdings in ANSYS were worth $3,317,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. 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. Zions Bancorporation raised its position in ANSYS by 9,070.6% in the 3rd quarter. Zions Bancorporation now owns 1,559 shares of the software maker’s stock valued at $191,000 after buying an additional 1,542 shares during the last quarter. Conning Inc. acquired a new stake in ANSYS in the 4th quarter valued at approximately $204,000. Finally, Diversified Trust Co acquired a new stake in ANSYS in the 4th quarter valued at approximately $210,000. 96.53% of the stock is currently owned by institutional investors.
ANSYS, Inc. (ANSS) opened at $171.18 on Monday. The firm has a market capitalization of $14,357.10, a P/E ratio of 48.22 and a beta of 1.04. ANSYS, Inc. has a one year low of $104.55 and a one year high of $171.21.
ANSYS declared that its board has authorized a share buyback plan on Wednesday, February 21st that authorizes the company to repurchase 5,000,000 shares. This repurchase authorization authorizes the software maker to purchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.
ANSS has been the topic of a number of recent research reports. BidaskClub raised ANSYS from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, February 7th. ValuEngine raised ANSYS from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Zacks Investment Research lowered ANSYS from a “buy” rating to a “hold” rating in a research report on Tuesday, January 2nd. Berenberg Bank raised ANSYS from a “hold” rating to a “buy” rating and set a $123.00 target price on the stock in a research report on Tuesday, January 30th. Finally, Wedbush reissued a “neutral” rating and issued a $136.00 target price (down previously from $160.00) on shares of ANSYS in a research report on Friday, February 23rd. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $132.00.
In other ANSYS news, VP Richard S. Mahoney sold 8,527 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $17.84, for a total value of $152,121.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Richard S. Mahoney sold 1,625 shares of the firm’s 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. Over the last 90 days, insiders sold 61,691 shares of company stock valued at $8,852,518. Corporate insiders own 1.30% of the company’s stock.
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ANSYS, Inc (ANSYS) develops and markets engineering simulation software and services used by engineers, designers, researchers and students across a range of industries and academia, including aerospace and defense, automotive, industrial equipment, electronics, biomedical, energy, materials and chemical processing, and semiconductors.
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