Harel Insurance Investments & Financial Services Ltd. Has $1.20 Million Stake in ANSYS, Inc. (NASDAQ:ANSS)

Harel Insurance Investments & Financial Services Ltd. boosted its stake in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 134.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,793 shares of the software maker's stock after purchasing an additional 2,177 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.'s holdings in ANSYS were worth $1,201,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of ANSS. Capital Research Global Investors acquired a new position in shares of ANSYS during the fourth quarter worth about $695,129,000. Norges Bank bought a new stake in ANSYS in the fourth quarter valued at approximately $615,566,000. GAMMA Investing LLC increased its stake in shares of ANSYS by 46,802.3% during the first quarter. GAMMA Investing LLC now owns 727,455 shares of the software maker's stock worth $230,283,000 after purchasing an additional 725,904 shares during the period. FIL Ltd increased its stake in shares of ANSYS by 32.5% during the fourth quarter. FIL Ltd now owns 2,086,177 shares of the software maker's stock worth $703,730,000 after purchasing an additional 511,557 shares during the period. Finally, Raiffeisen Bank International AG bought a new position in ANSYS during the 4th quarter worth $48,253,000. 92.39% of the stock is currently owned by institutional investors.

ANSYS Price Performance

Shares of ANSS traded down $4.39 during midday trading on Monday, hitting $363.09. The company's stock had a trading volume of 493,502 shares, compared to its average volume of 521,987. ANSYS, Inc. has a one year low of $275.06 and a one year high of $368.00. The company's fifty day simple moving average is $339.95 and its two-hundred day simple moving average is $332.58. 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 stock has a market capitalization of $31.92 billion, a price-to-earnings ratio of 53.87, a price-to-earnings-growth ratio of 3.78 and a beta of 1.19.

ANSYS (NASDAQ:ANSS - Get Free Report) last issued its quarterly 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 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 the consensus estimate of $516.81 million. During the same quarter in the previous year, the business posted $1.39 EPS. The company's revenue for the quarter was up 8.2% on a year-over-year basis. As a group, equities analysts expect that ANSYS, Inc. will post 8.32 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Glenda Dorchak sold 200 shares of the firm's 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 sale, the director owned 3,230 shares of the company's stock, valued at $969,032.30. This trade represents a 5.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.61% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered ANSYS from a "buy" rating to a "hold" rating in a research note 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.