Harbor Investment Advisory LLC Purchases 1,675 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Harbor Investment Advisory LLC increased its holdings in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 591.9% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,958 shares of the software maker's stock after buying an additional 1,675 shares during the period. Harbor Investment Advisory LLC's holdings in ANSYS were worth $620,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Ameliora Wealth Management Ltd. bought a new position in ANSYS in the 4th quarter worth about $27,000. NBC Securities Inc. purchased a new position in shares of ANSYS during the first quarter worth about $31,000. Quarry LP increased its position in shares of ANSYS by 1,550.0% in 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. Assetmark Inc. raised 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 purchasing an additional 103 shares in the last quarter. Finally, Millstone Evans Group LLC purchased a new stake in ANSYS in the fourth quarter valued at approximately $42,000. Institutional investors own 92.39% of the company's stock.

ANSYS Price Performance

Shares of NASDAQ ANSS traded up $0.92 during trading hours on Friday, reaching $339.27. 518,628 shares of the stock traded hands, compared to its average volume of 522,481. The company's 50-day simple moving average is $322.11 and its two-hundred day simple moving average is $332.75. The company has a market capitalization of $29.83 billion, a P/E ratio of 51.80, a price-to-earnings-growth ratio of 3.48 and a beta of 1.19. ANSYS, Inc. has a 52-week low of $275.06 and a 52-week high of $363.03. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.12.

ANSYS (NASDAQ:ANSS - Get Free Report) last posted its quarterly earnings results 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 business had revenue of $504.89 million for the quarter, compared to analysts' expectations of $516.81 million. ANSYS had a return on equity of 12.69% and a net margin of 22.62%. The company's revenue was up 8.2% compared to the same quarter last year. During the same period last year, the business posted $1.39 earnings per share. Equities research analysts forecast that ANSYS, Inc. will post 8.32 EPS for the current year.

Insider Buying and Selling at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 200 shares of ANSYS stock in a transaction that occurred on Monday, April 14th. The stock was sold at an average price of $300.01, for a total value of $60,002.00. Following the transaction, the director now directly owns 3,230 shares of the company's stock, valued at $969,032.30. The trade was a 5.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.61% of the company's stock.

Analyst Upgrades and Downgrades

ANSS has been the subject of a number of research reports. Rosenblatt Securities boosted their price target on shares of ANSYS from $335.00 to $340.00 and gave the stock a "neutral" rating in a research note on Friday, February 21st. Wall Street Zen lowered shares of ANSYS from a "buy" rating to a "hold" rating in a research report 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.