ANSYS, Inc. (NASDAQ:ANSS) Stock Position Raised by Harel Insurance Investments & Financial Services Ltd.

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

A number of other institutional investors have also modified their holdings of the business. Capital Research Global Investors bought a new position in ANSYS in the 4th quarter worth about $695,129,000. Norges Bank bought a new position in ANSYS in the 4th quarter worth about $615,566,000. GAMMA Investing LLC grew its position in ANSYS by 46,802.3% in the 1st 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 last quarter. FIL Ltd grew its position in ANSYS by 32.5% in the 4th 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 last quarter. Finally, Raiffeisen Bank International AG bought a new position in ANSYS in the 4th quarter worth about $48,253,000. Institutional investors own 92.39% of the company's stock.

Insider Buying and Selling

In related news, Director Glenda Dorchak sold 200 shares of the stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $300.01, for a total transaction of $60,002.00. Following the completion of the sale, the director directly owned 3,230 shares of the company's stock, valued at $969,032.30. This represents a 5.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.61% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

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

ANSYS Price Performance

Shares of ANSYS stock traded down $3.99 on Monday, hitting $363.49. The company had a trading volume of 251,031 shares, compared to its average volume of 521,116. The business has a 50-day simple moving average of $339.05 and a 200-day simple moving average of $332.41. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.66 and a quick ratio of 3.66. The company has a market cap of $31.96 billion, a PE ratio of 53.93, a PEG ratio of 3.78 and a beta of 1.19. ANSYS, Inc. has a 52 week low of $275.06 and a 52 week 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 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 during the quarter, compared to the consensus estimate of $516.81 million. ANSYS had a net margin of 22.95% and a return on equity of 12.38%. 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. Research analysts expect that ANSYS, Inc. will post 8.32 EPS for the current fiscal year.

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.