ANSYS (NASDAQ:ANSS) Sets New 52-Week High - What's Next?

ANSYS, Inc. (NASDAQ:ANSS - Get Free Report)'s stock price reached a new 52-week high on Thursday . The stock traded as high as $369.25 and last traded at $366.87, with a volume of 623728 shares trading hands. The stock had previously closed at $366.90.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut shares of ANSYS from a "buy" rating to a "hold" rating in a research report on Wednesday, May 7th.

ANSYS Stock Performance

The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.66 and a current ratio of 3.66. The business has a fifty day simple moving average of $343.81 and a 200 day simple moving average of $333.40. The stock has a market cap of $32.93 billion, a price-to-earnings ratio of 55.57, a PEG ratio of 3.85 and a beta of 1.19.

ANSYS (NASDAQ:ANSS - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The software maker reported $1.64 EPS for the quarter, missing analysts' consensus estimates of $1.75 by ($0.11). The company had revenue of $504.89 million for the quarter, compared to analyst estimates of $516.81 million. ANSYS had a net margin of 22.95% and a return on equity of 12.38%. The firm's revenue was up 8.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.39 EPS. As a group, equities analysts anticipate that ANSYS, Inc. will post 8.32 EPS for the current year.

Insider Activity at ANSYS

In related news, Director Glenda Dorchak sold 200 shares of the company's stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $300.01, for a total transaction of $60,002.00. Following the transaction, the director owned 3,230 shares of the company's stock, valued at approximately $969,032.30. This represents a 5.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.61% of the stock is currently owned by company insiders.

Institutional Trading of ANSYS

Hedge funds and other institutional investors have recently bought and sold shares of the company. Harbour Investments Inc. boosted its position in shares of ANSYS by 68.1% in the first quarter. Harbour Investments Inc. now owns 79 shares of the software maker's stock worth $25,000 after acquiring an additional 32 shares during the last quarter. NBC Securities Inc. purchased a new position in ANSYS during the first quarter worth approximately $31,000. Quarry LP boosted its holdings in shares of ANSYS by 1,550.0% in the 4th quarter. Quarry LP now owns 99 shares of the software maker's stock valued at $33,000 after purchasing an additional 93 shares during the last quarter. Assetmark Inc. grew its stake in shares of ANSYS by 468.2% during the 4th quarter. Assetmark Inc. now owns 125 shares of the software maker's stock valued at $42,000 after buying an additional 103 shares during the period. Finally, Millstone Evans Group LLC acquired a new stake in shares of ANSYS during the 4th quarter worth $42,000. 92.39% of the stock is owned by hedge funds and other institutional investors.

About ANSYS

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.