Creekmur Asset Management LLC Takes $221,000 Position in ANSYS, Inc. (NASDAQ:ANSS)

Creekmur Asset Management LLC bought a new stake in ANSYS, Inc. (NASDAQ:ANSS - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 697 shares of the software maker's stock, valued at approximately $221,000.

Other hedge funds have also made changes to their positions in the company. NBC Securities Inc. acquired a new position in ANSYS in the first quarter worth about $31,000. Quarry LP boosted its stake in ANSYS by 1,550.0% in the fourth quarter. Quarry LP now owns 99 shares of the software maker's stock valued at $33,000 after acquiring an additional 93 shares during the last quarter. Millstone Evans Group LLC bought a new position in ANSYS in the fourth quarter valued at approximately $42,000. Kapitalo Investimentos Ltda bought a new position in ANSYS in the fourth quarter valued at approximately $43,000. Finally, Banque de Luxembourg S.A. bought a new position in ANSYS in the fourth quarter valued at approximately $60,000. Institutional investors own 92.39% of the company's stock.

ANSYS Stock Performance

NASDAQ ANSS remained flat at $374.30 during trading on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.66 and a current ratio of 3.66. The company has a market capitalization of $32.91 billion, a P/E ratio of 55.53, a PEG ratio of 4.08 and a beta of 1.19. ANSYS, Inc. has a 1 year low of $275.06 and a 1 year high of $395.49. The stock has a fifty day moving average of $349.27 and a two-hundred day moving average of $334.99.

ANSYS (NASDAQ:ANSS - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The software maker reported $1.64 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.75 by ($0.11). The company had revenue of $504.89 million for the quarter, compared to analyst estimates of $516.81 million. ANSYS had a return on equity of 12.38% and a net margin of 22.95%. ANSYS's revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.39 earnings per share. Sell-side analysts expect that ANSYS, Inc. will post 8.32 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on ANSS shares. Robert W. Baird set a $396.00 price target on shares of ANSYS in a research report on Monday, July 14th. Baird R W lowered shares of ANSYS from a "strong-buy" rating to a "hold" rating in a report on Monday, July 14th. Finally, Wall Street Zen lowered shares of ANSYS from a "buy" rating to a "hold" rating in a report 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.