20,000 Shares in ANSYS, Inc. (NASDAQ:ANSS) Bought by Davis Rea LTD.

Davis Rea LTD. bought a new position in ANSYS, Inc. (NASDAQ:ANSS - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 20,000 shares of the software maker's stock, valued at approximately $6,331,000. ANSYS comprises approximately 1.7% of Davis Rea LTD.'s portfolio, making the stock its 18th biggest holding.

A number of other institutional investors have also added to or reduced their stakes in ANSS. Quarry LP raised its stake in ANSYS by 1,550.0% during the fourth quarter. Quarry LP now owns 99 shares of the software maker's stock valued at $33,000 after buying an additional 93 shares during the last quarter. NBC Securities Inc. purchased a new position in ANSYS during the first quarter valued at $31,000. Kapitalo Investimentos Ltda bought a new stake in ANSYS during the fourth quarter valued at about $43,000. Banque de Luxembourg S.A. bought a new stake in shares of ANSYS in the fourth quarter worth about $60,000. Finally, Brown Brothers Harriman & Co. increased its stake in ANSYS by 456.0% during the fourth quarter. Brown Brothers Harriman & Co. now owns 278 shares of the software maker's stock worth $94,000 after acquiring an additional 228 shares during the last quarter. 92.39% of the stock is currently owned by institutional investors.

ANSYS Price Performance

NASDAQ ANSS remained flat at $374.30 during trading hours on Monday. ANSYS, Inc. has a fifty-two week low of $275.06 and a fifty-two week high of $395.49. The stock has a market capitalization of $32.91 billion, a P/E ratio of 55.53, a P/E/G ratio of 4.08 and a beta of 1.19. The stock's fifty day simple moving average is $352.09 and its 200 day simple moving average is $336.19. 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 (NASDAQ:ANSS - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The software maker reported $1.64 earnings per share for the quarter, missing analysts' consensus estimates of $1.75 by ($0.11). ANSYS had a net margin of 22.95% and a return on equity of 12.38%. The company had revenue of $504.89 million during the quarter, compared to analyst estimates of $516.81 million. During the same quarter last year, the business earned $1.39 EPS. The firm's revenue for the quarter was up 8.2% compared to the same quarter last year. Analysts forecast that ANSYS, Inc. will post 8.32 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.