Alps Advisors Inc. Grows Position in ANSYS, Inc. (NASDAQ:ANSS)

Alps Advisors Inc. increased its position in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 36.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,726 shares of the software maker's stock after purchasing an additional 1,003 shares during the period. Alps Advisors Inc.'s holdings in ANSYS were worth $1,180,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

A number of equities research analysts recently weighed in on ANSS shares. Wall Street Zen lowered shares of ANSYS from a "buy" rating to a "hold" rating in a report on Wednesday, May 7th. Robert W. Baird set a $396.00 price target on shares of ANSYS in a report on Monday. Finally, Baird R W lowered shares of ANSYS from a "strong-buy" rating to a "hold" rating in a report on Monday.

ANSYS Stock Down 1.2%

Shares of NASDAQ:ANSS traded down $4.87 during trading hours on Thursday, hitting $387.85. The company's stock had a trading volume of 18,893,200 shares, compared to its average volume of 631,415. ANSYS, Inc. has a 52 week low of $275.06 and a 52 week high of $395.49. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.66 and a quick ratio of 3.66. The company has a market capitalization of $34.10 billion, a price-to-earnings ratio of 57.54, a P/E/G ratio of 3.85 and a beta of 1.19. The firm's fifty day moving average price is $348.46 and its 200 day moving average price is $334.75.

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 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 return on equity of 12.38% and a net margin of 22.95%. The company's revenue was up 8.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.39 EPS. As a group, research analysts expect that ANSYS, Inc. will post 8.32 EPS for the current year.

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.