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

ANSYS, Inc. (NASDAQ:ANSS - Get Free Report) shares reached a new 52-week high on Friday . The stock traded as high as $368.00 and last traded at $364.60, with a volume of 874214 shares traded. The stock had previously closed at $353.21.

Analyst Upgrades and Downgrades

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

ANSYS Stock Up 3.2%

The stock has a market capitalization of $32.06 billion, a P/E ratio of 54.09, a P/E/G ratio of 3.78 and a beta of 1.19. The company's 50-day moving average price is $338.17 and its 200 day moving average price is $332.28. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.66 and a current ratio of 3.66.

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

Insider Activity at ANSYS

In other news, Director Glenda Dorchak sold 200 shares of the firm's stock in a transaction 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 sale, the director directly owned 3,230 shares in the company, valued at $969,032.30. This trade represents a 5.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.61% of the stock is owned by insiders.

Hedge Funds Weigh In On ANSYS

Several institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in ANSYS by 2.4% during the first quarter. Vanguard Group Inc. now owns 10,903,178 shares of the software maker's stock valued at $3,451,510,000 after acquiring an additional 259,412 shares in the last quarter. Geode Capital Management LLC grew its stake in ANSYS by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 2,363,744 shares of the software maker's stock valued at $796,033,000 after acquiring an additional 58,190 shares in the last quarter. FIL Ltd grew its stake in ANSYS by 32.5% during the fourth quarter. FIL Ltd now owns 2,086,177 shares of the software maker's stock valued at $703,730,000 after acquiring an additional 511,557 shares in the last quarter. Capital Research Global Investors purchased a new position in ANSYS during the fourth quarter valued at $695,129,000. Finally, Norges Bank purchased a new position in ANSYS during the fourth quarter valued at $615,566,000. 92.39% of the stock is owned by hedge funds and other institutional investors.

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.