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Geneva Capital Management LLC Reduces Its Position in ANSYS, Inc. (NASDAQ:ANSS)

Geneva Capital Management LLC Reduces Its Position in ANSYS, Inc. (NASDAQ:ANSS)

According to the most recent report that Geneva Capital Management LLC submitted to the Securities and Exchange Commission, during the third quarter of 2018, the company’s position in ANSYS, Inc. (NASDAQ: ANSS) was reduced. This information can be found in the Geneva Capital Management LLC filed a report. The corporation ended the period with a total of 101,809 shares of the software manufacturer’s stock after selling 2,311 shares during the quarter. The most recent SEC filing that Geneva Capital Management LLC made revealed that the company owned approximately 0.12% of ANSYS at a value of $22,571,000. Geneva Capital Management LLC made the filing.

In addition, several institutional investors have recently adjusted the percentage of the company’s stock in their respective portfolios. Over the third quarter, Parkside Financial Bank & Trust was able to increase the amount of ANSYS stock owned by 8.3%. Following the acquisition of 71 additional shares during the most recent quarter, Parkside Financial Bank & Trust is now the proud owner of 925 shares of the software developer’s stock. These 925 shares have a total value of $205,000, making Parkside Financial Bank & Trust the proud owner of 925 shares of the software developer’s stock. A new share of ANSYS was acquired by the Great West Life Assurance Company of Canada during the third quarter for a total price of approximately $14,300,000. The rate at which Sentry Investment Management LLC increased its stock holdings in ANSYS during the third quarter was 39.8 percent higher than the rate at which it had done so during the preceding quarter. Sentry Investment Management LLC now holds 784 software manufacturer’s stock shares after purchasing an additional 223 shares during the most recent quarter. The stock is currently valued at $174,000 due to the total amount of Sentry Investment Management LLC’s holdings. During the third quarter of the current fiscal year, Personal CFO Solutions LLC increased the percentage of ANSYS stock that is owned by 7.5%. Following the purchase of 78 additional shares during the most recent quarter, Personal CFO Solutions LLC now holds 1,121 shares of the software manufacturer’s stock, which is $249,000. These shares are worth a total of $249,000.

Last but not least, Allegheny Financial Group LTD increased its stake in ANSYS by 2.5 percent during the third quarter. Following the acquisition of an additional 1,399 shares during the most recent quarter, Allegheny Financial Group Ltd. now holds 57,354 stock issued by the software developer. The price per share is calculated to be $12,715,000. To the tune of 89.82% of the outstanding shares, hedge funds and various other institutional investors are the owners.

In recent years, ANSS has been the subject of investigation in various scholarly publications. The price objective that Oppenheimer has set for ANSYS has been reduced from $325.00 to $275.00, as stated in a research note that was disseminated on November 3. In a research note published on January 11, Barclays upgraded ANSYS from an “underweight” rating to an “equal weight” rating and raised their price objective on the stock from $200,000 to $226,000. Credit Suisse Group analysts reduced the price target they had set for ANSYS shares from $319.00 to $274.00 in a research note published on Friday, November 4. Despite this price target reduction, they maintained an “outperform” rating and recommendation for the company. On Friday, November 4, Citigroup announced the results of their research and stated that they would be lowering their price target on ANSYS shares from $243.00 to $233.00. Rosenblatt Securities shifted their rating for ANSYS from “neutral” to “buy” and decreased their price objective for the stock from $295.00 to $270.00 in a research note published on Monday, October 24. These steps were taken with the company’s stock in mind at some point during the process. Five of the equity research experts have suggested that investors purchase the stock, three have suggested that investors maintain their current holdings, and two have suggested that investors sell their shares. According to Bloomberg, the general opinion regarding the company is that investors should “hold” their shares and that the price target has been established at $262.64.

NASDAQ: ANSS began trading at $254.10 on Monday. The current, quick, and debt-to-equity ratios all equal 2.38, and the debt-to-equity ratio comes in at 0.17. The current ratio and the quick ratio are both liquidity ratios. The company’s average price over the past 50 days is $244.14, and the average price over the last 200 days is also $244.29. The simple moving average is calculated using the company’s price data. During the previous year, the price of a share of ANSYS, Inc. ranged from $194.23 up to $354.62 at its highest point. The company possesses all these characteristics:

A market value of $22.14 billion

A price-to-earnings ratio of 47.58

A price-to-earnings-growth ratio of 4.82

A beta value of 1.26

In addition, the company has a price-to-earnings-growth ratio of 4.82.

The quarterly earnings report for ANSYS (NASDAQ: ANSS) was announced to be published on Wednesday, November 2, the same day that the company made the announcement. The software company announced earnings per share (EPS) of $1.35 for the quarter, which was $0.17 higher than the consensus estimate among analysts working in the industry. ANSYS achieved a return on equity of 12.13% and a net margin of 23.13% in their business. The revenue the company brought in for the quarter was $472.51 million, even though market watchers predicted that it would bring in $467.78 million. Profits per share for the company came in at $1.19, comparable to what they were during the same period in the year before. When compared to the revenue generated during the same quarter of the previous year, ANSYS saw a 7.1% increase. According to projections made by equity analysts, the current fiscal year is expected to result in earnings of $6.09 per share for ANSYS, Inc.

ANSYS, Inc. is a corporation that focuses on developing and global distribution of engineering simulation software and providing services connected to this industry. It offers a product suite for high-performance computing, a software suite for power analysis and optimization, and ANSYS Workbench, a framework on which its multiphysics engineering simulation technologies are built. All of these can be found on its website. They make it possible for engineers to simulate the interactions between many different parts in a unified environment for engineering simulation. These interactions include heat transport, fluids, and electronic and optical components.


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