China Universal Asset Management Co. Ltd. Grows Stock Holdings in ANSYS, Inc. (NASDAQ:ANSS)

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

Other hedge funds and other institutional investors have also made changes to their positions in the company. Jones Financial Companies Lllp grew its holdings in shares of ANSYS by 114.9% in the fourth quarter. Jones Financial Companies Lllp now owns 821 shares of the software maker's stock worth $277,000 after purchasing an additional 439 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in shares of ANSYS in the fourth quarter worth about $47,000. Steward Partners Investment Advisory LLC grew its holdings in shares of ANSYS by 6.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,773 shares of the software maker's stock worth $598,000 after purchasing an additional 109 shares during the last quarter. Assetmark Inc. grew its holdings in shares of ANSYS by 468.2% in the fourth quarter. Assetmark Inc. now owns 125 shares of the software maker's stock worth $42,000 after purchasing an additional 103 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new position in shares of ANSYS in the fourth quarter worth about $353,000. Hedge funds and other institutional investors own 92.39% of the company's stock.

Analyst Upgrades and Downgrades

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

Insider Transactions at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $300.01, for a total transaction of $60,002.00. Following the transaction, the director directly owned 3,230 shares in the company, valued at $969,032.30. This represents a 5.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.61% of the stock is currently owned by insiders.

ANSYS Trading Up 2.1%

Shares of NASDAQ ANSS traded up $7.65 during mid-day trading on Thursday, reaching $374.52. The company had a trading volume of 1,126,888 shares, compared to its average volume of 526,716. The company has a current ratio of 3.66, a quick ratio of 3.66 and a debt-to-equity ratio of 0.12. ANSYS, Inc. has a 52 week low of $275.06 and a 52 week high of $376.76. The business's 50-day moving average is $341.80 and its 200-day moving average is $333.05. The stock has a market cap of $32.93 billion, a price-to-earnings ratio of 55.57, a price-to-earnings-growth ratio of 3.77 and a beta of 1.19.

ANSYS (NASDAQ:ANSS - Get Free Report) last issued its earnings results 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). ANSYS had a return on equity of 12.38% and a net margin of 22.95%. The business had revenue of $504.89 million for the quarter, compared to the consensus estimate of $516.81 million. During the same quarter in the previous year, the company earned $1.39 earnings per share. The firm's revenue was up 8.2% on a year-over-year basis. Equities analysts expect that ANSYS, Inc. will post 8.32 earnings per share for the current year.

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.