September 19, 2023 – ANSYS, Inc. (NASDAQ:ANSS) experienced a noticeable decline in short interest during the month of August. The company’s short interest reduced by 6.0% from August 15th to August 31st, totaling 996,800 shares. Currently, approximately 1.2% of the company’s stock is being sold short. This decrease in short interest can be attributed to several factors.
The days-to-cover ratio for ANSYS currently stands at 2.2 days based on an average trading volume of 460,300 shares. This figure indicates that it would take around two days for the entire short interest position to be covered if trading conditions remained constant.
Equities research analysts have commented on the stock recently, providing their insights into its performance and potential growth trajectory. Royal Bank of Canada reissued a “sector perform” rating on August 4th and assigned a target price of $310.00 to ANSYS shares. Barclays also weighed in on July 14th by boosting their target price from $292.00 to $303.00 and rating the stock as “underweight.” On August 22nd, TheStreet downgraded the stock from a “b-” rating to a “c+” rating. Mizuho raised their target price from $280.00 to $310.00 on July 17th, while StockNews.com initiated coverage on August 17th with a “hold” rating.
Data obtained from Bloomberg.com reveals that ANSYS has an average rating of “Hold” with an average price target of $317.45.
Various institutional investors and hedge funds have made changes to their stakes in ANSYS recently. ST Germain D J Co., Inc., for example, acquired a new stake worth approximately $94,000 during the second quarter of this year. Comerica Bank also acquired a new stake valued at around $5,381,000 in the same period. These strategic moves demonstrate investor confidence in ANSYS and its potential for growth.
Currently trading at $311.92, ANSYS has a quick ratio and current ratio of 2.20 each, indicating strong liquidity levels. The company boasts a market capitalization of $27.07 billion with a price-to-earnings ratio of 51.99 and a PEG ratio of 5.96. Furthermore, ANSYS has demonstrated resilience in the market, with its stock reaching a 52-week high of $351.23 and a low of $194.23.
In conclusion, ANSYS experienced a decline in short interest during August, reflecting positive sentiment from investors. The company has received mixed ratings from equities research analysts, but overall it maintains an average rating of “Hold.” With the support of institutional investors and hedge funds, ANSYS continues to position itself as a leader within the software industry.
Hilton Worldwide Holdings Inc.
HLT
Neutral
Updated on: 19/09/2023
Financial Health
Weak
Debt to equity ratio: Strong Sell
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Sell
DCF: Strong Buy
ROE: Sell
ANSYS Attracts Institutional Investors and Hedge Funds, Sparking Interest in Potential Growth
ANSYS, a software maker listed on the NASDAQ exchange as ANSS, has seen recent activity from institutional investors and hedge funds regarding their stakes in the company. The influx of interest from these investors has sparked curiosity about ANSYS and its potential for future growth.
During the second quarter, ST Germain D J Co. Inc. acquired a new stake in ANSYS valued at approximately $94,000. This move suggests that investors see value in the company’s potential and are willing to invest capital to take advantage of it. Similarly, Portside Wealth Group LLC also acquired a new stake during the same period worth around $207,000. These acquisitions highlight the growing interest in ANSYS as a profitable investment opportunity.
Furthermore, Comerica Bank made a substantial addition to their ANSYS stake by acquiring it for approximately $5,381,000 during the second quarter. This indicates that large financial institutions recognize the long-term value that ANSYS could bring to their portfolios. Additionally, Osaic Holdings Inc., another notable player in the financial sector, raised its holdings in ANSYS by 3.8% during the same period. With an additional 1,516 shares now owned by Osaic Holdings Inc., this signals continued support for ANSYS’s growth trajectory.
Notably, Orion Portfolio Solutions LLC increased its holdings by 16.8% during the second quarter of this year. By acquiring an additional 639 shares valued at $1,469,000, Orion Portfolio Solutions LLC affirms their confidence in ANSYS’s performance moving forward. Collectively, these institutional investors and hedge funds now hold approximately 90.21% of ANSYS stock.
Considering recent financial performance data, it is evident why there is increased investor interest in ANSYS. In its most recent earnings report released on August 3rd of this year, ANSYS surpassed analysts’ expectations with earnings per share (EPS) of $1.60, while the consensus estimate was $1.49. With revenue of $496.60 million for the quarter, ANSYS also managed to outperform analyst estimates of $490.05 million.
The company’s net margin stands at an impressive 24.12%, indicating strong profitability, and its return on equity (ROE) is registered at 11.83%. These figures suggest that ANSYS has a firm grasp on its market and is efficient in leveraging its resources for profitability.
Looking ahead to the current year, sell-side analysts predict that ANSYS will post earnings per share of 6.61. This projection indicates optimism about the company’s ability to sustain its growth trajectory and generate returns for shareholders.
In terms of insider trading activity, CEO Ajei Gopal sold 13,262 shares of ANSYS stock on July 18th for a total transaction value of $4,642,230.48. Following this sale, Gopal holds 213,977 shares in the company worth approximately $74,900,509.08. Director Glenda Dorchak also sold 200 shares on August 14th at an average price of $298.99 per share, amounting to a total transaction value of $59,798.
It is worth noting that insiders own only 0.53% of ANSYS’s stock as indicated by recent disclosures with the Securities & Exchange Commission (SEC).
In conclusion, ANSYS has seen increased attention from institutional investors and hedge funds due to its potential for growth and impressive financial performance in recent quarters. The interest from these key players signifies confidence in ANSYS as a valuable investment opportunity moving forward into September 2023 and beyond.
Please note: This article is based on publicly available information regarding institutional investors’ holdings in ANSYS as disclosed up until September 19th, 2023
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