Creekmur Asset Management LLC Buys New Holdings in ANSYS, Inc. (NASDAQ:ANSS)

Creekmur Asset Management LLC purchased a new position in ANSYS, Inc. (NASDAQ:ANSS - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 697 shares of the software maker's stock, valued at approximately $221,000.

A number of other large investors have also made changes to their positions in ANSS. Vanguard Group Inc. increased its stake in shares of ANSYS by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 10,643,766 shares of the software maker's stock worth $3,590,462,000 after purchasing an additional 78,730 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of ANSYS by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 2,363,744 shares of the software maker's stock valued at $796,033,000 after acquiring an additional 58,190 shares in the last quarter. FIL Ltd boosted its stake in shares of ANSYS by 32.5% in the fourth quarter. FIL Ltd now owns 2,086,177 shares of the software maker's stock worth $703,730,000 after acquiring an additional 511,557 shares during the period. Capital Research Global Investors purchased a new position in ANSYS in the 4th quarter worth approximately $695,129,000. Finally, Norges Bank bought a new stake in ANSYS in the 4th quarter valued at $615,566,000. 92.39% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ANSS. Baird R W lowered ANSYS from a "strong-buy" rating to a "hold" rating in a report on Monday, July 14th. Wall Street Zen lowered shares of ANSYS from a "buy" rating to a "hold" rating in a research report on Wednesday, May 7th. Finally, Robert W. Baird set a $396.00 target price on ANSYS in a research report on Monday, July 14th.

ANSYS Stock Performance

Shares of ANSS remained flat at $374.30 during midday trading on Tuesday. 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 business's 50-day simple moving average is $349.27 and its 200-day simple moving average is $334.99. The firm has a market cap of $32.91 billion, a PE ratio of 55.53, a price-to-earnings-growth 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.

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 for the quarter, missing the consensus estimate of $1.75 by ($0.11). The firm had revenue of $504.89 million during the quarter, compared to analyst estimates of $516.81 million. ANSYS had a net margin of 22.95% and a return on equity of 12.38%. ANSYS's revenue was up 8.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.39 earnings per share. As a group, research analysts anticipate that ANSYS, Inc. will post 8.32 EPS for the current year.

ANSYS Company 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.