Tandem Investment Advisors Inc. Acquires 3,120 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Tandem Investment Advisors Inc. raised its position in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 27.1% during the first quarter, according to its most recent filing with the SEC. The firm owned 14,647 shares of the software maker's stock after purchasing an additional 3,120 shares during the period. Tandem Investment Advisors Inc.'s holdings in ANSYS were worth $4,637,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. NBC Securities Inc. acquired a new position in shares of ANSYS during the first quarter valued at about $31,000. Quarry LP raised its stake 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 buying an additional 93 shares during the period. Assetmark Inc. boosted its holdings in ANSYS by 468.2% in the fourth quarter. Assetmark Inc. now owns 125 shares of the software maker's stock worth $42,000 after acquiring an additional 103 shares in the last quarter. Millstone Evans Group LLC acquired a new stake in ANSYS in the fourth quarter valued at approximately $42,000. Finally, Kapitalo Investimentos Ltda bought a new stake in shares of ANSYS during the fourth quarter valued at approximately $43,000. 92.39% of the stock is owned by institutional investors.

ANSYS Stock Up 3.2%

Shares of NASDAQ ANSS traded up $11.39 during trading on Friday, hitting $364.60. The stock had a trading volume of 874,214 shares, compared to its average volume of 521,206. The firm has a fifty day moving average of $338.17 and a two-hundred day moving average of $332.28. The company has a market capitalization of $32.06 billion, a PE ratio of 54.09, a PEG ratio of 3.63 and a beta of 1.19. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.66 and a quick ratio of 3.66. ANSYS, Inc. has a 12 month low of $275.06 and a 12 month high of $368.00.

ANSYS (NASDAQ:ANSS - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The software maker reported $1.64 EPS for the quarter, missing the consensus estimate of $1.75 by ($0.11). ANSYS had a net margin of 22.95% and a return on equity of 12.38%. The firm had revenue of $504.89 million during the quarter, compared to analysts' expectations of $516.81 million. During the same quarter last year, the business posted $1.39 EPS. The company's quarterly revenue was up 8.2% on a year-over-year basis. As a group, equities research analysts forecast that ANSYS, Inc. will post 8.32 EPS for the current fiscal year.

Analyst Ratings Changes

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

Insider Activity at ANSYS

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

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.