ANSYS, Inc. (ANSS) Holdings Lifted by First Personal Financial Services

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First Personal Financial Services boosted its holdings in ANSYS, Inc. (NASDAQ:ANSS) by 2.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 30,177 shares of the software maker’s stock after purchasing an additional 855 shares during the quarter. ANSYS makes up approximately 1.5% of First Personal Financial Services’ portfolio, making the stock its 21st largest holding. First Personal Financial Services’ holdings in ANSYS were worth $4,314,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also bought and sold shares of the business. Meeder Asset Management Inc. bought a new position in shares of ANSYS during the 4th quarter worth $69,000. Carroll Financial Associates Inc. grew its holdings in ANSYS by 36.9% in the fourth quarter. Carroll Financial Associates Inc. now owns 527 shares of the software maker’s stock valued at $77,000 after purchasing an additional 142 shares during the period. Private Capital Group LLC grew its holdings in ANSYS by 9.0% in the fourth quarter. Private Capital Group LLC now owns 791 shares of the software maker’s stock valued at $113,000 after purchasing an additional 65 shares during the period. Bartlett & Co. LLC acquired a new stake in ANSYS in the third quarter valued at approximately $114,000. Finally, First Hawaiian Bank grew its holdings in ANSYS by 1,652.5% in the fourth quarter. First Hawaiian Bank now owns 1,069 shares of the software maker’s stock valued at $153,000 after purchasing an additional 1,008 shares during the period. Institutional investors and hedge funds own 94.28% of the company’s stock.

In related news, VP Richard S. Mahoney sold 8,347 shares of the firm’s stock in a transaction that occurred on Thursday, January 3rd. The stock was sold at an average price of $140.44, for a total value of $1,172,252.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.10% of the company’s stock.

A number of analysts have recently issued reports on ANSS shares. Benchmark raised ANSYS from a “hold” rating to a “buy” rating and set a $187.00 price target on the stock in a research note on Monday, November 5th. ValuEngine raised ANSYS from a “hold” rating to a “buy” rating in a research note on Friday, November 2nd. Needham & Company LLC raised ANSYS from a “hold” rating to a “buy” rating and set a $172.00 price objective for the company in a research note on Monday, October 29th. Zacks Investment Research raised ANSYS from a “hold” rating to a “buy” rating and set a $177.00 price objective for the company in a research note on Friday, January 18th. Finally, BidaskClub raised ANSYS from a “sell” rating to a “hold” rating in a research note on Saturday, January 19th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company’s stock. ANSYS presently has an average rating of “Buy” and a consensus target price of $174.50.

Shares of ANSS stock traded up $0.08 during trading hours on Thursday, reaching $163.07. 2,898 shares of the company’s stock were exchanged, compared to its average volume of 433,021. The company has a market cap of $13.62 billion, a price-to-earnings ratio of 45.15 and a beta of 1.33. ANSYS, Inc. has a 1 year low of $136.80 and a 1 year high of $190.45.

ANSYS (NASDAQ:ANSS) last issued its earnings results on Wednesday, November 7th. The software maker reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.19. The business had revenue of $293.00 million during the quarter, compared to the consensus estimate of $286.57 million. ANSYS had a return on equity of 15.33% and a net margin of 27.00%. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.05 EPS. Analysts expect that ANSYS, Inc. will post 4.64 earnings per share for the current year.

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ANSYS Profile

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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Want to see what other hedge funds are holding ANSS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ANSYS, Inc. (NASDAQ:ANSS).

Institutional Ownership by Quarter for ANSYS (NASDAQ:ANSS)

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