Ulland Investment Advisors LLC Raises Position in ANSYS, Inc. (NASDAQ:ANSS)

Ulland Investment Advisors LLC raised its holdings in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 40.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,692 shares of the software maker's stock after acquiring an additional 1,057 shares during the quarter. ANSYS accounts for about 1.0% of Ulland Investment Advisors LLC's holdings, making the stock its 25th biggest position. Ulland Investment Advisors LLC's holdings in ANSYS were worth $1,169,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Quarry LP boosted its holdings in shares of ANSYS by 1,550.0% in the 4th quarter. Quarry LP now owns 99 shares of the software maker's stock valued at $33,000 after purchasing an additional 93 shares during the last quarter. NBC Securities Inc. bought a new position in ANSYS in the first quarter worth about $31,000. Assetmark Inc. increased its stake in shares of ANSYS by 468.2% in the fourth quarter. Assetmark Inc. now owns 125 shares of the software maker's stock valued at $42,000 after purchasing an additional 103 shares during the period. Millstone Evans Group LLC acquired a new stake in shares of ANSYS in the fourth quarter valued at $42,000. Finally, Kapitalo Investimentos Ltda acquired a new stake in shares of ANSYS during the 4th quarter valued at $43,000. 92.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at ANSYS

In other ANSYS 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 $969,032.30. This trade represents a 5.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.61% of the company's stock.

ANSYS Stock Performance

ANSS stock traded down $3.03 during mid-day trading on Thursday, hitting $343.50. 404,534 shares of the company were exchanged, compared to its average volume of 525,008. ANSYS, Inc. has a 1-year low of $275.06 and a 1-year high of $363.03. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 0.12. The business has a 50 day simple moving average of $324.44 and a 200-day simple moving average of $332.70. The stock has a market capitalization of $30.20 billion, a PE ratio of 52.44, a price-to-earnings-growth ratio of 3.48 and a beta of 1.19.

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). ANSYS had a return on equity of 12.69% and a net margin of 22.62%. The company had revenue of $504.89 million for the quarter, compared to analyst estimates of $516.81 million. During the same quarter in the prior year, the company earned $1.39 earnings per share. ANSYS's revenue for the quarter was up 8.2% compared to the same quarter last year. On average, equities analysts forecast that ANSYS, Inc. will post 8.32 earnings per share for the current year.

Wall Street Analyst Weigh In

ANSS has been the subject of several recent research reports. Wall Street Zen lowered ANSYS from a "buy" rating to a "hold" rating in a report on Wednesday, May 7th. Rosenblatt Securities increased their price objective on ANSYS from $335.00 to $340.00 and gave the stock a "neutral" rating in a research note on Friday, February 21st.

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.