On May 10, 2023, it was reported that Sentry Investment Management LLC had increased its holdings in ANSYS, Inc. (NASDAQ:ANSS) by a whopping 88.6% during the fourth quarter of the previous year. According to their most recent filing with the Securities and Exchange Commission, the institutional investor now owns 1,479 shares of ANSYS after buying an additional 695 shares over the course of the quarter. The total value of Sentry’s holdings in ANSYS is now estimated to be worth $357,000.
These impressive figures have certainly caught the attention of investors who are keen to understand what has led to this significant increase in both demand and value for ANSYS’ stock. Thankfully, on February 23rd earlier this year, ANSYS released its latest quarterly earnings report which provided some insight into what has been driving this growth.
One key factor is likely to be the company’s exceptional financial performance – in Q4 alone, ANSYS reported earnings per share (EPS) of $3.09 which comfortably beat market analysts’ consensus estimate of $2.80 EPS by $0.29. Not only is this an exceptionally strong result but it also represents a significant improvement on the company’s prior-year Q4 EPS figure of $2.41.
This buoyant financial performance can also be seen in terms of revenue where ANSYS saw a 5% increase compared to Q4 last year. In total, they generated revenue of $694.70 million during Q4 – a figure again exceeding market analysts’ predictions who had estimated revenues at just $649.47 million.
Whilst there have been challenges faced by many businesses over recent years due to changes related to automation and digital working practices in particular industries, ANSYS has managed to achieve great success through their position as developers and marketers in engineering simulation software and services.
Offering solutions designed specifically for automotive industries such as aerospace and defense, construction, energy, materials and chemical processing, autonomous engineering, and electrification has allowed ANSYS to carve out a strong niche within the market. This is clearly demonstrated in both the company’s earnings report and also through their growing popularity with institutional investors such as Sentry Investment Management LLC.
Looking towards the future, some predict that the bullish demand for ANSYS shares will only continue to grow. With equities analysts forecasting that it’s likely that they’ll achieve 6.73 earnings per share for the current fiscal year alone – it’s clear that there is plenty of opportunity for further growth and expansion on the horizon. It seems like ANSYS are one of those increasingly rare companies who really do have all their ducks lined up so to speak – great financials combined with industry-leading expertise mean that as long as they continue on their current trajectory then there really is no limit to what they might achieve.
ANSYS, Inc.: A Look at Recent Hedge Fund Activity and Analyst Insights
ANSYS, Inc. is a company that has been making headlines in the financial world lately. The software maker saw several hedge funds recently make changes to their positions in ANSYS, with IFP Advisors Inc, Park Avenue Securities LLC, Veritable L.P., Utah Retirement Systems, and Financial Consulate Inc. increasing their holdings by small percentages. These institutional investors now own 89.82% of the stock.
On May 10, 2023, ANSS opened at $295.86 and had a market capitalization of $25.64 billion with a P/E ratio of 46.50 and a P/E/G ratio of 5.88. Its beta is at 1.25 and its quick ratio and current ratio are both at 2.13 while its debt-to-equity ratio is at 0.16. ANSYS’s stock has experienced a high of $333.89 and a low of $194.23 over the past year.
The American company specializes in engineering simulation software and services offered to sectors such as automotive, aerospace and defense, construction, energy, materials and chemical processing, autonomous engineering, and electrification.
A number of research analysts have commented on ANSS recently with various insights into the company’s performance in the market space which affected how these investors traded off algorithmic analyses or fundamental assumptions about this company’s prospects for growth versus others on their shortlist of possible investments.
Inside traders have been involved in selling parts of their holdings lately too- SVP Janet Lee sold shares worth nearly $300k while SVP Shane Emswiler also disposed of shares valued at over $3m.
Analysts like Mizuho sees ANSYS as neutral rated share but Oppenheimer recommends purchasing shares due to their recently raised price target from $275 to $330 which show shared confidence about the current management team’s ability to lead the enterprise upward towards success despite insiders’ gradual sprint to offload parts of the company. Citigroup raised its price objective from $326 to $347, and Loop Capital gave ANSYS a “hold” rating while raising their target price range slightly, from $310 to $315.
In conclusion, ANSYS has been making waves in the financial world lately with a collection of hedge funds making moves in and out of the software maker’s shares. Despite insider selling, there remain various factors that suggest confidence in the future performance of ANSYS including its recent price targets and buy ratings from analysts. Investors looking for an engineering simulation software provider may find themselves evaluating this stock as part of their portfolio.
