Brown Advisory Inc. Grows Stake in ANSYS, Inc. (NASDAQ:ANSS)

Brown Advisory Inc. increased its stake in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 17.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,106 shares of the software maker's stock after buying an additional 3,411 shares during the quarter. Brown Advisory Inc.'s holdings in ANSYS were worth $7,314,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of ANSS. NBC Securities Inc. bought a new position in ANSYS in the 1st quarter worth about $31,000. Quarry LP raised its holdings in shares of ANSYS by 1,550.0% in the 4th quarter. Quarry LP now owns 99 shares of the software maker's stock valued at $33,000 after acquiring an additional 93 shares in the last quarter. Assetmark Inc. raised its holdings in shares of ANSYS by 468.2% in the 4th quarter. Assetmark Inc. now owns 125 shares of the software maker's stock valued at $42,000 after acquiring an additional 103 shares in the last quarter. Millstone Evans Group LLC purchased a new stake in shares of ANSYS in the 4th quarter valued at about $42,000. Finally, Kapitalo Investimentos Ltda purchased a new stake in shares of ANSYS in the 4th quarter valued at about $43,000. Institutional investors own 92.39% of the company's stock.

ANSYS Stock Performance

Shares of NASDAQ:ANSS traded up $6.87 during midday trading on Tuesday, reaching $392.72. 2,732,504 shares of the company's stock traded hands, compared to its average volume of 555,470. The company has a market cap of $34.53 billion, a price-to-earnings ratio of 58.27, a P/E/G ratio of 3.85 and a beta of 1.19. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.66 and a current ratio of 3.66. ANSYS, Inc. has a one year low of $275.06 and a one year high of $395.49. The stock has a 50 day moving average of $345.03 and a 200 day moving average of $333.72.

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

Analyst Upgrades and Downgrades

Several analysts have weighed in on ANSS shares. Wall Street Zen cut ANSYS from a "buy" rating to a "hold" rating in a report on Wednesday, May 7th. Baird R W downgraded ANSYS from a "strong-buy" rating to a "hold" rating in a research report on Monday. Finally, Robert W. Baird set a $396.00 price target on ANSYS in a research note on Monday.

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.