As of the 4th quarter of 2023, Ninety One North America Inc. has increased its position in ANSYS, Inc. (NASDAQ:ANSS) by a staggering 39.9%, as reported in its recent 13F filing with the Securities and Exchange Commission (SEC). The firm now owns a total of 15,901 shares of ANSYS’ stock after acquiring an additional 4,539 shares during the period. A move that reflects strong confidence from Ninety One North America Inc. in the software maker’s future growth potential.
The value of Ninety One North America Inc.’s holdings in ANSYS amounted to $3,842,000 at the end of its most recent reporting period, making it one of the company’s largest shareholders. This is not surprising given ANSYS’ exceptional quarterly earnings results which were released on Thursday, February 23rd, and which surpassed analysts’ consensus estimates by $0.29 with earnings per share (EPS) coming in at $3.09.
Its increase in revenue positively impacted the business bottom line with a net margin of 25.35% and a return on equity of 12.22%. During this period, ANSYS’s revenue was up by an impressive 5% year-on-year basis amounting to $694.70 million for the quarter compared to a consensus estimate of $649.47 million over that same period.When compared to the same quarter last year where EPS stood at $2.41 earnings per share, ANSYS numbers have shown steady improvement alongside growing revenues.
Founded by John A., ANSYS focuses on developing engineering simulation software and services while harnessing customer-centered solutions which cater to unique industry challenges it faces considering mentioned departments ranging from automotive,aerospace&defense amongst others.The company’s main objective is to serve as pioneers in engineering simulations solely responsible for providing accurate models for companies that seek optimization methods for their engineering design, making ANSYS one of the leading software manufacturers in this domain.
Looking ahead, research analysts currently forecast that ANSYS, Inc. will post 6.73 EPS for the current fiscal year.Ninety One North America Incs investment solidify its commitment towards securing unique and valuable partnership with top-performing firms like ANSYS who operate within the engineering software sector.With an ever-growing revenue-generating ability, sustainability measures had to be put in place to secure future investments while fostering lucrative relationships with shareholders seeking a stable return on their invested capital as Ninety One North America Inc ventures into a horizon of opportunities.
Institutional Investors Show High Interest in ANSYS Inc’s Growth Potential
ANSYS Inc – Institutional Investor Interest of 89.82%
ANSYS Inc, a company specializing in engineering simulation software and services, has been gaining interest from institutional investors recently. Large investors such as American Century Companies, Panagora Asset Management, Cibc World Market, Dimensional Fund Advisors and Allianz Asset Management have all made changes to their positions in the company during the first quarter of this year.
American Century Companies increased its stake in ANSYS by 12.4% while Panagora Asset Management grew its stake by 59%. Additionally, Cibc World Market raised its holdings by 7.3%, Dimensional Fund Advisors increased their holdings by 3.5%, and finally Allianz Asset Management lifted its stake by 4.5%. These institutional investors and hedge funds now own approximately 89.82% of ANSYS shares.
This increase in investor interest comes after several brokerages have weighed in on ANSYS with positive ratings for the company’s growth potential within various industries such as automotive, aerospace and defense, construction, energy, materials and chemical processing, autonomous engineering and electrification.
These analysts have raised price targets on ANSYS stock with one analyst giving a “sell” rating – four rating it as a “hold” while five maintain a “buy” rating for the stock. Bloomberg.com reports that ANSYS has an average analyst consensus rating of “Hold” with an average price target of $311.92.
Despite some selling activity by senior vice presidents of the company in February this year which saw insiders sell more than $4 million worth of shares over the last quarter, ANSYS stock remains strong trading down only $0.42 during midday trading on Friday at $314.58 per share.
ANSYS continues to innovate within various sectors through developing new engineering simulations software while attracting interest from major investors who see value in investing in ANSYS’ growth potential.