ANSYS, Inc. (NASDAQ:ANSS) Stake Lifted by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. increased its stake in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 8.5% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 36,134 shares of the software maker's stock after acquiring an additional 2,825 shares during the period. Asset Management One Co. Ltd.'s holdings in ANSYS were worth $11,439,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. NBC Securities Inc. acquired a new position in ANSYS during the 1st quarter worth approximately $31,000. Quarry LP lifted its position in ANSYS by 1,550.0% during the 4th quarter. Quarry LP now owns 99 shares of the software maker's stock worth $33,000 after acquiring an additional 93 shares in the last quarter. Assetmark Inc. raised its position in shares of ANSYS by 468.2% in the 4th 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. Millstone Evans Group LLC acquired a new position in shares of ANSYS in the 4th quarter valued at approximately $42,000. Finally, Kapitalo Investimentos Ltda acquired a new position in shares of ANSYS in the 4th quarter valued at approximately $43,000. 92.39% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Glenda Dorchak sold 200 shares of the business's 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 completion of the sale, the director now directly owns 3,230 shares in the company, valued at approximately $969,032.30. The trade was a 5.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.61% of the company's stock.

ANSYS Stock Up 1.1%

Shares of ANSS traded up $3.79 during trading on Friday, reaching $347.19. The company's stock had a trading volume of 730,116 shares, compared to its average volume of 521,805. The company has a fifty day moving average of $333.36 and a two-hundred day moving average of $331.86. ANSYS, Inc. has a twelve month low of $275.06 and a twelve month high of $363.03. The company has a market cap of $30.52 billion, a price-to-earnings ratio of 51.51, a P/E/G ratio of 3.51 and a beta of 1.19. The company has a quick ratio of 3.66, a current ratio of 3.66 and a debt-to-equity ratio of 0.12.

ANSYS (NASDAQ:ANSS - Get Free Report) last announced its earnings results 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 net margin of 22.95% and a return on equity of 12.38%. The business had revenue of $504.89 million during the quarter, compared to analyst estimates of $516.81 million. During the same period in the previous year, the company earned $1.39 earnings per share. The business's revenue for the quarter was up 8.2% on a year-over-year basis. On average, sell-side analysts predict that ANSYS, Inc. will post 8.32 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Wall Street Zen lowered ANSYS from a "buy" rating to a "hold" rating in a research report on Wednesday, May 7th.

ANSYS 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.