TLP Group LLC Takes $495,000 Position in ANSYS, Inc. (ANSS)

TLP Group LLC purchased a new stake in shares of ANSYS, Inc. (NASDAQ:ANSS) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 3,162 shares of the software maker’s stock, valued at approximately $495,000. ANSYS makes up approximately 0.3% of TLP Group LLC’s investment portfolio, making the stock its 26th biggest position.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Profund Advisors LLC lifted its holdings in shares of ANSYS by 13.4% in the first quarter. Profund Advisors LLC now owns 3,016 shares of the software maker’s stock valued at $473,000 after purchasing an additional 357 shares in the last quarter. Progressive Investment Management Corp lifted its holdings in shares of ANSYS by 1.4% in the first quarter. Progressive Investment Management Corp now owns 28,776 shares of the software maker’s stock valued at $4,509,000 after purchasing an additional 387 shares in the last quarter. Daiwa Securities Group Inc. lifted its holdings in shares of ANSYS by 17.5% in the first quarter. Daiwa Securities Group Inc. now owns 2,816 shares of the software maker’s stock valued at $441,000 after purchasing an additional 420 shares in the last quarter. Cookson Peirce & Co. Inc. lifted its holdings in shares of ANSYS by 14.5% in the fourth quarter. Cookson Peirce & Co. Inc. now owns 3,475 shares of the software maker’s stock valued at $513,000 after purchasing an additional 440 shares in the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its holdings in shares of ANSYS by 1.8% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 25,734 shares of the software maker’s stock valued at $4,032,000 after purchasing an additional 446 shares in the last quarter. 93.15% of the stock is owned by hedge funds and other institutional investors.

ANSS has been the subject of a number of research analyst reports. Zacks Investment Research upgraded ANSYS from a “hold” rating to a “buy” rating and set a $180.00 target price for the company in a report on Monday, May 7th. ValuEngine raised shares of ANSYS from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. BidaskClub downgraded shares of ANSYS from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 24th. Wedbush reaffirmed a “neutral” rating and issued a $136.00 price target (down from $160.00) on shares of ANSYS in a research note on Friday, February 23rd. Finally, Mitsubishi UFJ Financial Group raised shares of ANSYS from a “neutral” rating to an “overweight” rating in a research note on Thursday, May 3rd. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $136.40.

In other news, CEO Ajei Gopal sold 3,711 shares of the firm’s stock in a transaction dated Monday, May 21st. The stock was sold at an average price of $165.30, for a total value of $613,428.30. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director James E. Cashman III sold 862 shares of the firm’s stock in a transaction dated 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. Insiders have sold 46,049 shares of company stock worth $7,540,769 over the last three months. Company insiders own 1.10% of the company’s stock.

ANSYS stock traded up $0.08 during mid-day trading on Thursday, hitting $175.87. 1,797 shares of the company’s stock were exchanged, compared to its average volume of 479,342. The company has a market capitalization of $14.53 billion, a price-to-earnings ratio of 48.54 and a beta of 1.04. ANSYS, Inc. has a 1-year low of $119.20 and a 1-year high of $178.06.

ANSYS (NASDAQ:ANSS) last posted its earnings results on Wednesday, May 2nd. The software maker reported $1.22 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.04 by $0.18. The firm had revenue of $285.20 million for the quarter, compared to the consensus estimate of $276.56 million. ANSYS had a net margin of 24.92% and a return on equity of 14.51%. The business’s quarterly revenue was up 12.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.89 earnings per share. equities research analysts forecast that ANSYS, Inc. will post 4.4 EPS for the current year.

ANSYS announced that its Board of Directors has initiated a stock 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 purchase shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its stock is undervalued.

About ANSYS

ANSYS, Inc develops and markets engineering simulation software and services worldwide. The company offers ANSYS Workbench, a framework upon which the company's engineering simulation technologies are built; ANSYS multiphysics software to simulate the interactions between structures, heat transfer, fluids, and electronics in a unified engineering simulation environment; and structural analysis product suite that provides simulation tools for product design and optimization.

Institutional Ownership by Quarter for ANSYS (NASDAQ:ANSS)

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