ANSYS (NASDAQ:ANSS) Shares Gap Up - What's Next?

ANSYS, Inc. (NASDAQ:ANSS - Get Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $353.21, but opened at $367.77. ANSYS shares last traded at $365.09, with a volume of 266,429 shares changing hands.

Wall Street Analysts Forecast Growth

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

ANSYS Stock Up 3.2%

The stock's fifty day simple moving average is $337.21 and its 200-day simple moving average is $332.13. The stock has a market cap of $32.06 billion, a P/E ratio of 54.09, a P/E/G ratio of 3.63 and a beta of 1.19. 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 released its quarterly earnings results on Wednesday, April 30th. The software maker reported $1.64 earnings per share for the quarter, missing analysts' consensus estimates of $1.75 by ($0.11). The business had revenue of $504.89 million during 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 quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.39 earnings per share. As a group, research analysts forecast that ANSYS, Inc. will post 8.32 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Glenda Dorchak sold 200 shares of the business'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 value of $60,002.00. Following the completion of the transaction, the director directly owned 3,230 shares in the company, valued at approximately $969,032.30. The trade was a 5.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.61% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in ANSS. Capital Research Global Investors acquired a new position in ANSYS during the fourth quarter worth about $695,129,000. Norges Bank bought a new stake in shares of ANSYS during the 4th quarter valued at approximately $615,566,000. GAMMA Investing LLC increased its position in ANSYS by 46,802.3% during the 1st quarter. GAMMA Investing LLC now owns 727,455 shares of the software maker's stock worth $230,283,000 after purchasing an additional 725,904 shares in the last quarter. FIL Ltd lifted its stake in ANSYS by 32.5% in the 4th quarter. FIL Ltd now owns 2,086,177 shares of the software maker's stock valued at $703,730,000 after purchasing an additional 511,557 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in ANSYS by 2.4% in 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 buying an additional 259,412 shares in the last quarter. 92.39% of the stock is owned by 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.