First Hawaiian Bank Acquires 958 Shares of ANSYS, Inc. (NASDAQ:ANSS)


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First Hawaiian Bank increased its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS) by 32.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 3,913 shares of the software maker’s stock after buying an additional 958 shares during the quarter. First Hawaiian Bank’s holdings in ANSYS were worth $1,424,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. FinTrust Capital Advisors LLC lifted its stake in shares of ANSYS by 114.3% during the 3rd quarter. FinTrust Capital Advisors LLC now owns 75 shares of the software maker’s stock worth $25,000 after acquiring an additional 40 shares during the last quarter. Braun Bostich & Associates Inc. bought a new stake in shares of ANSYS during the 3rd quarter worth approximately $34,000. Newfound Research LLC bought a new stake in shares of ANSYS during the 3rd quarter worth approximately $38,000. BNC Wealth Management LLC bought a new stake in shares of ANSYS during the 3rd quarter worth approximately $38,000. Finally, CENTRAL TRUST Co bought a new stake in ANSYS during the 3rd quarter valued at $40,000. 89.44% of the stock is owned by hedge funds and other institutional investors.

Shares of ANSS stock opened at $375.58 on Thursday. ANSYS, Inc. has a 1-year low of $200.07 and a 1-year high of $378.85. The stock’s fifty day moving average price is $351.63 and its 200 day moving average price is $325.94. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.60 and a quick ratio of 2.60. The company has a market cap of $32.26 billion, a price-to-earnings ratio of 84.97 and a beta of 1.23.

ANSYS (NASDAQ:ANSS) last announced its earnings results on Monday, November 9th. The software maker reported $1.36 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.26 by $0.10. ANSYS had a return on equity of 12.09% and a net margin of 24.88%. The firm had revenue of $367.00 million for the quarter, compared to the consensus estimate of $365.67 million. During the same period in the previous year, the business earned $1.42 EPS. The firm’s revenue for the quarter was up 6.7% on a year-over-year basis. As a group, equities research analysts anticipate that ANSYS, Inc. will post 4.95 earnings per share for the current year.

Several research firms have recently commented on ANSS. Royal Bank of Canada boosted their price target on ANSYS from $310.00 to $348.00 and gave the stock a “sector perform” rating in a research report on Tuesday, October 27th. Credit Suisse Group began coverage on ANSYS in a research report on Tuesday, November 24th. They issued an “outperform” rating for the company. Finally, BidaskClub lowered ANSYS from a “strong-buy” rating to a “buy” rating in a research report on Friday, October 23rd. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $310.50.

In other ANSYS news, CEO Ajei Gopal sold 22,058 shares of the business’s stock in a transaction dated Monday, November 9th. The stock was sold at an average price of $337.87, for a total transaction of $7,452,736.46. Following the sale, the chief executive officer now owns 190,145 shares in the company, valued at approximately $64,244,291.15. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Richard S. Mahoney sold 7,500 shares of the business’s stock in a transaction dated Monday, January 4th. The shares were sold at an average price of $365.17, for a total value of $2,738,775.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 43,854 shares of company stock worth $15,450,581. Company insiders own 0.58% of the company’s stock.

ANSYS Company Profile

ANSYS, Inc develops and markets engineering simulation software and services worldwide. The company offers ANSYS Workbench, a framework upon which its engineering simulation technologies are built; multiphysics software to simulate the interactions between structures, heat transfer, fluids, and electronics in a unified engineering simulation environment; high-performance computing product suite, which delivers cross-physics parallel processing capabilities for simulation software; and structural analysis product suite that provides simulation tools for product design and optimization.

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Institutional Ownership by Quarter for ANSYS (NASDAQ:ANSS)

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