China Universal Asset Management Co. Ltd. Buys 742 Shares of ANSYS, Inc. (NASDAQ:ANSS)

China Universal Asset Management Co. Ltd. grew its position in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 52.1% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,165 shares of the software maker's stock after buying an additional 742 shares during the period. China Universal Asset Management Co. Ltd.'s holdings in ANSYS were worth $685,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in ANSS. Beverly Hills Private Wealth LLC raised its holdings in ANSYS by 3.7% during the 1st quarter. Beverly Hills Private Wealth LLC now owns 1,084 shares of the software maker's stock worth $343,000 after buying an additional 39 shares during the period. Harel Insurance Investments & Financial Services Ltd. boosted its stake in shares of ANSYS by 134.7% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,793 shares of the software maker's stock worth $1,201,000 after acquiring an additional 2,177 shares during the period. IFM Investors Pty Ltd boosted its stake in shares of ANSYS by 11.2% during the 1st quarter. IFM Investors Pty Ltd now owns 18,003 shares of the software maker's stock worth $5,736,000 after acquiring an additional 1,812 shares during the period. GF Fund Management CO. LTD. boosted its stake in shares of ANSYS by 1.6% during the 1st quarter. GF Fund Management CO. LTD. now owns 16,835 shares of the software maker's stock worth $5,329,000 after acquiring an additional 261 shares during the period. Finally, Calamos Advisors LLC lifted its holdings in ANSYS by 47.1% during the 1st quarter. Calamos Advisors LLC now owns 125,000 shares of the software maker's stock valued at $39,570,000 after purchasing an additional 40,000 shares during the last quarter. Institutional investors and hedge funds own 92.39% of the company's stock.

Insider Activity

In other news, Director Glenda Dorchak sold 200 shares of ANSYS stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $300.01, for a total value of $60,002.00. Following the completion of the sale, the director directly owned 3,230 shares in the company, valued at approximately $969,032.30. The trade was a 5.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.61% of the company's stock.

ANSYS Stock Performance

ANSS stock remained flat at $374.52 during mid-day trading on Friday. 1,088,115 shares of the company's stock traded hands, compared to its average volume of 528,963. The business has a fifty day simple moving average of $342.89 and a 200 day simple moving average of $333.29. The company has a quick ratio of 3.66, a current ratio of 3.66 and a debt-to-equity ratio of 0.12. The firm has a market cap of $32.93 billion, a PE ratio of 55.57, a PEG ratio of 3.77 and a beta of 1.19. ANSYS, Inc. has a 1 year low of $275.06 and a 1 year high of $379.99.

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 the consensus estimate of $1.75 by ($0.11). The company had revenue of $504.89 million for the quarter, compared to analyst estimates 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 last year, the business earned $1.39 earnings per share. Equities research analysts expect that ANSYS, Inc. will post 8.32 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded ANSYS from a "buy" rating to a "hold" rating in a 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.