Alps Advisors Inc. Acquires 1,003 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Alps Advisors Inc. grew its position in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 36.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,726 shares of the software maker's stock after buying 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.

Other large investors have also recently added to or reduced their stakes in the company. NBC Securities Inc. acquired a new stake in shares of ANSYS during the 1st quarter worth $31,000. Quarry LP boosted its stake in ANSYS by 1,550.0% in the fourth quarter. Quarry LP now owns 99 shares of the software maker's stock valued at $33,000 after buying an additional 93 shares in the last quarter. Assetmark Inc. boosted its stake in ANSYS by 468.2% in the fourth quarter. Assetmark Inc. now owns 125 shares of the software maker's stock valued at $42,000 after buying an additional 103 shares in the last quarter. Millstone Evans Group LLC acquired a new stake in ANSYS in the fourth quarter valued at about $42,000. Finally, Kapitalo Investimentos Ltda acquired a new stake in ANSYS in the fourth quarter valued at about $43,000. Institutional investors own 92.39% of the company's stock.

ANSYS Trading Up 1.2%

Shares of ANSS traded up $4.81 during mid-day trading on Tuesday, reaching $390.66. 358,603 shares of the company were exchanged, compared to its average volume of 546,026. 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 quick ratio of 3.66 and a current ratio of 3.66. The stock has a market capitalization of $34.35 billion, a PE ratio of 57.92, a PEG ratio of 3.85 and a beta of 1.19. The business has a 50 day simple moving average of $345.03 and a two-hundred day simple moving average of $333.72.

ANSYS (NASDAQ:ANSS - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The software maker reported $1.64 earnings per share (EPS) 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 for the quarter, compared to the consensus estimate of $516.81 million. During the same quarter last year, the business earned $1.39 earnings per share. ANSYS's revenue was up 8.2% compared to the same quarter last year. On average, analysts predict that ANSYS, Inc. will post 8.32 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

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.