Harbor Capital Advisors Inc. Boosts Stock Position in ANSYS, Inc. (NASDAQ:ANSS)

Harbor Capital Advisors Inc. grew its stake in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 103.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,053 shares of the software maker's stock after purchasing an additional 1,042 shares during the quarter. Harbor Capital Advisors Inc.'s holdings in ANSYS were worth $650,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Meiji Yasuda Asset Management Co Ltd. grew its position in shares of ANSYS by 2.8% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,298 shares of the software maker's stock worth $438,000 after buying an additional 35 shares during the period. Summerhill Capital Management lnc. grew its position in ANSYS by 0.6% during the 4th quarter. Summerhill Capital Management lnc. now owns 6,139 shares of the software maker's stock valued at $2,071,000 after purchasing an additional 36 shares during the last quarter. Tsai Capital Corp grew its position in ANSYS by 0.5% during the 4th quarter. Tsai Capital Corp now owns 8,945 shares of the software maker's stock valued at $3,017,000 after purchasing an additional 41 shares during the last quarter. Empire Life Investments Inc. grew its position in ANSYS by 0.8% during the 4th quarter. Empire Life Investments Inc. now owns 5,123 shares of the software maker's stock valued at $1,728,000 after purchasing an additional 42 shares during the last quarter. Finally, First Manhattan CO. LLC. grew its position in ANSYS by 1.4% during the 4th quarter. First Manhattan CO. LLC. now owns 3,043 shares of the software maker's stock valued at $1,026,000 after purchasing an additional 43 shares during the last quarter. 92.39% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Glenda Dorchak sold 200 shares of the firm's stock in a transaction on Monday, April 14th. The shares were sold at an average price of $300.01, for a total value of $60,002.00. Following the completion of the transaction, the director now directly owns 3,230 shares of the company's stock, valued at approximately $969,032.30. This trade represents a 5.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.61% of the stock is owned by company insiders.

ANSYS Stock Performance

Shares of NASDAQ:ANSS traded down $5.49 during trading on Friday, hitting $338.01. The company's stock had a trading volume of 428,330 shares, compared to its average volume of 525,308. The company has a 50-day moving average of $326.69 and a 200-day moving average of $332.45. ANSYS, Inc. has a 12 month low of $275.06 and a 12 month high of $363.03. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.01 and a quick ratio of 3.01. The firm has a market cap of $29.72 billion, a price-to-earnings ratio of 51.60, a P/E/G ratio of 3.48 and a beta of 1.19.

ANSYS (NASDAQ:ANSS - Get Free Report) last issued 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). ANSYS had a return on equity of 12.69% and a net margin of 22.62%. The business had revenue of $504.89 million during the quarter, compared to the consensus estimate of $516.81 million. During the same quarter last year, the company earned $1.39 EPS. ANSYS's revenue for the quarter was up 8.2% on a year-over-year basis. On average, sell-side analysts expect that ANSYS, Inc. will post 8.32 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have issued reports on ANSS shares. Rosenblatt Securities upped their target price on shares of ANSYS from $335.00 to $340.00 and gave the company a "neutral" rating in a research note on Friday, February 21st. Wall Street Zen cut shares of ANSYS from a "buy" rating to a "hold" rating in a research note 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.