ANSYS, Inc. (NASDAQ:ANSS) Stake Raised by Ulland Investment Advisors LLC

Ulland Investment Advisors LLC increased its stake in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 40.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,692 shares of the software maker's stock after buying an additional 1,057 shares during the quarter. ANSYS comprises approximately 1.0% of Ulland Investment Advisors LLC's holdings, making the stock its 25th largest position. Ulland Investment Advisors LLC's holdings in ANSYS were worth $1,169,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. CX Institutional bought a new position in ANSYS during the 1st quarter worth $160,000. Assenagon Asset Management S.A. grew its stake in ANSYS by 6.8% during the 1st quarter. Assenagon Asset Management S.A. now owns 12,022 shares of the software maker's stock worth $3,806,000 after buying an additional 769 shares during the last quarter. SG Americas Securities LLC grew its stake in ANSYS by 111.5% during the 1st quarter. SG Americas Securities LLC now owns 23,603 shares of the software maker's stock worth $7,472,000 after buying an additional 12,442 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of ANSYS by 48.2% during the first quarter. GAMMA Investing LLC now owns 2,298 shares of the software maker's stock valued at $727,000 after purchasing an additional 747 shares during the period. Finally, Harbor Capital Advisors Inc. increased its holdings in shares of ANSYS by 103.1% during the first quarter. Harbor Capital Advisors Inc. now owns 2,053 shares of the software maker's stock valued at $650,000 after purchasing an additional 1,042 shares during the period. 92.39% of the stock is currently owned by institutional investors.

ANSYS Stock Performance

Shares of ANSS traded down $5.49 during trading hours on Friday, reaching $338.01. 428,330 shares of the company's stock traded hands, compared to its average volume of 525,308. The business's fifty day simple moving average is $326.69 and its two-hundred day simple moving average is $332.45. ANSYS, Inc. has a twelve month low of $275.06 and a twelve month high of $363.03. The firm has a market capitalization 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. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.01 and a quick ratio of 3.01.

ANSYS (NASDAQ:ANSS - Get Free Report) last announced its earnings results 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 net margin of 22.62% and a return on equity of 12.69%. The firm had revenue of $504.89 million for the quarter, compared to the consensus estimate of $516.81 million. During the same period in the prior year, the business earned $1.39 EPS. The company's quarterly revenue was up 8.2% compared to the same quarter last year. Analysts predict that ANSYS, Inc. will post 8.32 earnings per share for the current year.

Insider Activity at ANSYS

In related news, Director Glenda Dorchak sold 200 shares of the stock in a transaction on Monday, April 14th. The stock was 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 owns 3,230 shares in the company, valued at $969,032.30. This trade represents a 5.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.61% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

ANSS has been the topic of a number of research analyst reports. Wall Street Zen lowered ANSYS from a "buy" rating to a "hold" rating in a report on Wednesday, May 7th. Rosenblatt Securities raised their price target on ANSYS from $335.00 to $340.00 and gave the company a "neutral" rating in a report on Friday, February 21st.

ANSYS 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.