OVERSEA CHINESE BANKING Corp Ltd Buys Shares of 32,606 ANSYS, Inc. (NASDAQ:ANSS)

OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in ANSYS, Inc. (NASDAQ:ANSS - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 32,606 shares of the software maker's stock, valued at approximately $10,322,000.

Other large investors also recently bought and sold shares of the company. NBC Securities Inc. acquired a new stake in shares of ANSYS during the first quarter worth approximately $31,000. Quarry LP lifted its stake in ANSYS by 1,550.0% during the fourth quarter. Quarry LP now owns 99 shares of the software maker's stock worth $33,000 after purchasing an additional 93 shares during the last quarter. Millstone Evans Group LLC bought a new position in ANSYS during the fourth quarter worth $42,000. Kapitalo Investimentos Ltda bought a new position in ANSYS during the fourth quarter worth $43,000. Finally, Banque de Luxembourg S.A. bought a new position in ANSYS during the fourth quarter worth $60,000. Institutional investors and hedge funds own 92.39% of the company's stock.

ANSYS Trading Down 1.2%

ANSS traded down $4.87 during trading on Thursday, reaching $387.85. The company had a trading volume of 18,893,200 shares, compared to its average volume of 631,082. The firm's 50-day simple moving average is $347.39 and its 200 day simple moving average is $334.41. The company has a market cap of $34.10 billion, a price-to-earnings ratio of 57.54, a PEG ratio of 4.04 and a beta of 1.19. ANSYS, Inc. has a 12-month low of $275.06 and a 12-month high of $395.49. 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 issued 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). ANSYS had a return on equity of 12.38% and a net margin of 22.95%. The company had revenue of $504.89 million during the quarter, compared to analysts' expectations of $516.81 million. During the same period in the prior year, the business posted $1.39 EPS. The company's revenue for the quarter was up 8.2% compared to the same quarter last year. Equities research analysts anticipate that ANSYS, Inc. will post 8.32 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on ANSS. Wall Street Zen cut ANSYS from a "buy" rating to a "hold" rating in a research note on Wednesday, May 7th. Baird R W cut shares of ANSYS from a "strong-buy" rating to a "hold" rating in a research report on Monday. Finally, Robert W. Baird set a $396.00 price target on shares of ANSYS in a research report on Monday.

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.