The ANSYS, Inc. (ANSS) Position Held by Alambic Investment Management L.P.

The ANSYS, Inc. (ANSS) Position Held by Alambic Investment Management L.P.

Alambic Investment Management L.P. maintained its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,200 shares of the company’s stock at the end of the third quarter. Alambic Investment Management L.P.’s holdings in ANSYS were worth $389,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Panagora Asset Management Inc. raised its stake in shares of ANSYS by 25.0% in the second quarter. Panagora Asset Management Inc. now owns 1,125 shares of the company’s stock worth $102,000 after buying an additional 225 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its stake in shares of ANSYS by 158.4% in the third quarter. Benjamin F. Edwards & Company Inc. now owns 1,323 shares of the company’s stock worth $123,000 after buying an additional 811 shares in the last quarter. Pacer Advisors Inc. raised its stake in shares of ANSYS by 8.9% in the second quarter. Pacer Advisors Inc. now owns 1,511 shares of the company’s stock worth $137,000 after buying an additional 123 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of ANSYS by 46.7% in the second quarter. Tower Research Capital LLC TRC now owns 1,794 shares of the company’s stock worth $163,000 after buying an additional 571 shares in the last quarter. Finally, Diversified Trust Co raised its stake in shares of ANSYS by 8.7% in the second quarter. Diversified Trust Co now owns 2,500 shares of the company’s stock worth $227,000 after buying an additional 200 shares in the last quarter. 94.20% of the stock is currently owned by hedge funds and other institutional investors.

Shares of ANSYS, Inc. (NASDAQ:ANSS) traded up 0.07% during mid-day trading on Wednesday, reaching $93.57. 390,328 shares of the company’s stock traded hands. ANSYS, Inc. has a 12 month low of $80.51 and a 12 month high of $98.99. The company has a market cap of $8.10 billion, a price-to-earnings ratio of 31.82 and a beta of 1.02. The company has a 50 day moving average of $94.08 and a 200 day moving average of $92.77.

ANSYS (NASDAQ:ANSS) last released its quarterly earnings results on Thursday, November 3rd. The company reported $0.95 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.92 by $0.03. The company had revenue of $245.90 million for the quarter, compared to analysts’ expectations of $249.89 million. ANSYS had a return on equity of 13.39% and a net margin of 27.20%. The business’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.90 earnings per share. Analysts expect that ANSYS, Inc. will post $3.61 earnings per share for the current fiscal year.

A number of equities research analysts have commented on ANSS shares. Needham & Company LLC initiated coverage on shares of ANSYS in a report on Tuesday, November 22nd. They set a “hold” rating on the stock. Pacific Crest reaffirmed a “hold” rating on shares of ANSYS in a research note on Friday, November 4th. Benchmark Co. reduced their target price on shares of ANSYS from $90.00 to $86.00 and set a “hold” rating on the stock in a research note on Friday, November 4th. Wedbush reaffirmed a “neutral” rating and issued a $88.00 target price on shares of ANSYS in a research note on Friday, November 4th. Finally, Zacks Investment Research lowered shares of ANSYS from a “hold” rating to a “sell” rating in a research note on Tuesday, January 3rd. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $89.38.

About ANSYS

ANSYS, Inc develops and markets engineering simulation software and services used by engineers, designers and students across industries and academia, including aerospace and defense, automotive, industrial equipment, electronics, biomedical, energy, materials and chemical processing, and semiconductors.

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