Cambridge Financial Group Inc. lessened its position in ANSYS, Inc. (NASDAQ:ANSS) by 11.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 28,178 shares of the software maker’s stock after selling 3,735 shares during the period. ANSYS makes up about 4.4% of Cambridge Financial Group Inc.’s investment portfolio, making the stock its 4th biggest holding. Cambridge Financial Group Inc.’s holdings in ANSYS were worth $6,551,000 at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. Orion Portfolio Solutions LLC bought a new position in ANSYS during the fourth quarter worth about $36,000. Wealthcare Advisory Partners LLC bought a new position in ANSYS during the first quarter worth about $33,000. Harel Insurance Investments & Financial Services Ltd. increased its position in ANSYS by 33.9% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 150 shares of the software maker’s stock worth $39,000 after acquiring an additional 38 shares during the period. Sunbelt Securities Inc. acquired a new position in shares of ANSYS in the 4th quarter worth approximately $11,326,000. Finally, Citizens Financial Group Inc RI lifted its position in shares of ANSYS by 42.4% in the 4th quarter. Citizens Financial Group Inc RI now owns 178 shares of the software maker’s stock worth $46,000 after purchasing an additional 53 shares during the period. 94.31% of the stock is owned by hedge funds and other institutional investors.
A number of analysts have commented on ANSS shares. Wedbush boosted their price target on shares of ANSYS from $280.00 to $308.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. Needham & Company LLC reaffirmed a “hold” rating on shares of ANSYS in a report on Thursday, May 7th. Robert W. Baird decreased their price target on ANSYS from $323.00 to $305.00 and set an “outperform” rating on the stock in a research report on Friday, February 28th. Citigroup cut ANSYS from a “buy” rating to a “neutral” rating and set a $300.00 price target on the stock. in a research report on Friday, February 7th. Finally, Royal Bank of Canada upped their price objective on shares of ANSYS from $230.00 to $260.00 and gave the stock a “sector perform” rating in a research report on Friday, May 8th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $256.10.
NASDAQ ANSS traded up $3.59 during trading hours on Friday, hitting $269.87. The company’s stock had a trading volume of 264,794 shares, compared to its average volume of 541,423. ANSYS, Inc. has a 12 month low of $174.25 and a 12 month high of $299.06. The company’s 50 day simple moving average is $252.40 and its two-hundred day simple moving average is $253.34. The company has a market cap of $22.79 billion, a P/E ratio of 55.94 and a beta of 1.21. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.40 and a quick ratio of 2.40.
ANSYS (NASDAQ:ANSS) last announced its earnings results on Wednesday, May 6th. The software maker reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.03. The business had revenue of $308.90 million for the quarter, compared to analysts’ expectations of $309.20 million. ANSYS had a return on equity of 13.73% and a net margin of 27.34%. The business’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same period last year, the firm posted $1.29 earnings per share. As a group, research analysts predict that ANSYS, Inc. will post 4.77 earnings per share for the current fiscal year.
In other ANSYS news, VP Richard S. Mahoney sold 1,845 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $253.82, for a total value of $468,297.90. Following the transaction, the vice president now directly owns 43,663 shares of the company’s stock, valued at $11,082,542.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Shane Emswiler sold 1,130 shares of the firm’s stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $238.38, for a total value of $269,369.40. Following the completion of the transaction, the senior vice president now directly owns 31,284 shares in the company, valued at $7,457,479.92. The disclosure for this sale can be found here. Insiders sold 15,277 shares of company stock worth $3,739,241 over the last three months. Insiders own 0.58% of the company’s stock.
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.
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