Mirae Asset Global Investments Co. Ltd. raised its stake in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 18.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,130 shares of the software maker's stock after purchasing an additional 4,331 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in ANSYS were worth $8,914,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Meiji Yasuda Asset Management Co Ltd. lifted its position in shares of ANSYS by 2.8% during 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. Tsai Capital Corp lifted its holdings 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. Bessemer Group Inc. boosted its position in ANSYS by 1.3% in the first quarter. Bessemer Group Inc. now owns 3,223 shares of the software maker's stock valued at $1,020,000 after buying an additional 41 shares in the last quarter. First Manhattan CO. LLC. boosted its position in ANSYS by 1.4% in the fourth quarter. First Manhattan CO. LLC. now owns 3,043 shares of the software maker's stock valued at $1,026,000 after buying an additional 43 shares in the last quarter. Finally, SRS Capital Advisors Inc. grew its stake in ANSYS by 1.3% during the fourth quarter. SRS Capital Advisors Inc. now owns 3,577 shares of the software maker's stock worth $1,207,000 after buying an additional 46 shares during the last quarter. 92.39% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at ANSYS
In other ANSYS news, Director Glenda Dorchak sold 200 shares of the firm's stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $300.01, for a total transaction of $60,002.00. Following the sale, the director directly owned 3,230 shares in the company, valued at approximately $969,032.30. This trade represents a 5.83% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.61% of the stock is owned by company insiders.
Analyst Ratings Changes
Separately, Wall Street Zen cut shares of ANSYS from a "buy" rating to a "hold" rating in a research note on Wednesday, May 7th.
Check Out Our Latest Research Report on ANSYS
ANSYS Trading Up 3.2%
ANSS traded up $11.39 during midday trading on Friday, reaching $364.60. 874,214 shares of the company were exchanged, compared to its average volume of 521,206. ANSYS, Inc. has a one year low of $275.06 and a one year high of $368.00. 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 stock has a market capitalization of $32.06 billion, a P/E ratio of 54.09, a PEG ratio of 3.78 and a beta of 1.19. The stock's 50-day simple moving average is $338.17 and its 200 day simple moving average is $332.28.
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 (EPS) 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 quarterly revenue was up 8.2% on a year-over-year basis. During the same period last year, the firm earned $1.39 EPS. As a group, analysts forecast that ANSYS, Inc. will post 8.32 earnings per share for the current fiscal year.
ANSYS Company Profile
(
Free Report)
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.
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