32,606 Shares in ANSYS, Inc. (NASDAQ:ANSS) Bought by OVERSEA CHINESE BANKING Corp Ltd

OVERSEA CHINESE BANKING Corp Ltd acquired a new position in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 32,606 shares of the software maker's stock, valued at approximately $10,322,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ANSS. China Universal Asset Management Co. Ltd. boosted its position in ANSYS by 52.1% in the first quarter. China Universal Asset Management Co. Ltd. now owns 2,165 shares of the software maker's stock worth $685,000 after purchasing an additional 742 shares during the last quarter. Tandem Investment Advisors Inc. boosted its position in ANSYS by 27.1% in the first quarter. Tandem Investment Advisors Inc. now owns 14,647 shares of the software maker's stock worth $4,637,000 after purchasing an additional 3,120 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in ANSYS by 540.7% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 7,656 shares of the software maker's stock worth $2,423,000 after purchasing an additional 6,461 shares during the last quarter. GAMMA Investing LLC boosted its position in ANSYS by 48.2% in the first quarter. GAMMA Investing LLC now owns 2,298 shares of the software maker's stock worth $727,000 after purchasing an additional 747 shares during the last quarter. Finally, North Star Asset Management Inc. boosted its position in ANSYS by 25.7% in the fourth quarter. North Star Asset Management Inc. now owns 5,579 shares of the software maker's stock worth $1,882,000 after purchasing an additional 1,139 shares during the last quarter. 92.39% of the stock is owned by institutional investors.

ANSYS Price Performance

NASDAQ ANSS remained flat at $374.30 on Friday. The company has a fifty day moving average of $348.46 and a 200-day moving average of $334.75. ANSYS, Inc. has a fifty-two week low of $275.06 and a fifty-two week high of $395.49. The firm has a market cap of $32.91 billion, a price-to-earnings ratio of 55.53, a P/E/G ratio of 3.85 and a beta of 1.19. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.66 and a quick ratio of 3.66.

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

Analyst Ratings Changes

ANSS has been the subject of several research reports. Robert W. Baird set a $396.00 price objective on ANSYS in a report on Monday. Wall Street Zen lowered ANSYS from a "buy" rating to a "hold" rating in a report on Wednesday, May 7th. Finally, Baird R W lowered ANSYS from a "strong-buy" rating to a "hold" rating in a report on Monday.

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.