ANSYS, Inc. (NASDAQ:ANSS) Shares Purchased by Wasatch Advisors LP

Wasatch Advisors LP lifted its position in ANSYS, Inc. (NASDAQ:ANSS) by 1.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,082 shares of the software maker’s stock after purchasing an additional 36 shares during the period. Wasatch Advisors LP’s holdings in ANSYS were worth $723,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in ANSS. Wellington Management Group LLP increased its holdings in ANSYS by 167.4% in the 3rd quarter. Wellington Management Group LLP now owns 1,286,790 shares of the software maker’s stock worth $382,884,000 after acquiring an additional 805,657 shares in the last quarter. Norges Bank purchased a new stake in ANSYS in the 4th quarter worth $282,329,000. Alecta Tjanstepension Omsesidigt purchased a new stake in ANSYS in the 4th quarter worth $145,144,000. Comerica Bank increased its holdings in ANSYS by 1,922.9% in the 3rd quarter. Comerica Bank now owns 329,577 shares of the software maker’s stock worth $98,066,000 after acquiring an additional 313,285 shares in the last quarter. Finally, Point72 Asset Management L.P. increased its holdings in ANSYS by 210.1% in the 4th quarter. Point72 Asset Management L.P. now owns 325,000 shares of the software maker’s stock worth $117,936,000 after acquiring an additional 220,200 shares in the last quarter. 92.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other ANSYS news, Director Glenda Dorchak sold 150 shares of the company’s stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $342.08, for a total value of $51,312.00. Following the transaction, the director now owns 3,049 shares of the company’s stock, valued at $1,043,001.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.46% of the company’s stock.

ANSYS Trading Up 1.8 %

Shares of ANSS stock traded up $5.94 on Tuesday, hitting $327.10. 364,902 shares of the stock traded hands, compared to its average volume of 622,876. The firm’s 50-day moving average price is $324.85 and its two-hundred day moving average price is $333.14. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.80 and a current ratio of 2.80. The stock has a market capitalization of $28.56 billion, a PE ratio of 65.68, a PEG ratio of 7.16 and a beta of 1.11. ANSYS, Inc. has a twelve month low of $258.01 and a twelve month high of $364.31.

ANSYS (NASDAQ:ANSS) last announced its quarterly earnings results on Wednesday, May 1st. The software maker reported $1.39 earnings per share for the quarter, missing the consensus estimate of $1.93 by ($0.54). The firm had revenue of $466.60 million for the quarter, compared to analyst estimates of $549.85 million. ANSYS had a net margin of 19.51% and a return on equity of 10.45%. The company’s revenue was down 8.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.45 EPS. As a group, analysts anticipate that ANSYS, Inc. will post 7.05 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ANSS. StockNews.com began coverage on shares of ANSYS in a report on Wednesday, June 26th. They issued a “hold” rating for the company. KeyCorp began coverage on shares of ANSYS in a report on Thursday, June 27th. They set a “sector weight” rating for the company. Finally, Rosenblatt Securities reaffirmed a “neutral” rating and set a $345.00 target price on shares of ANSYS in a report on Friday, May 3rd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $320.00.

ANSYS Company Profile

ANSYS, Inc develops and markets engineering simulation software and services for engineers, designers, researchers, and students in the United States, Japan, Germany, China, Hong Kong, South Korea, rest of Europe, the Middle East, Africa, and internationally. It offers structural analysis product suite that provides simulation tools for product design and optimization; the Ansys Mechanical product, an element analysis software; LS-DYNA solver for multiphysics simulation; and power analysis and optimization software suite.