WESPAC Advisors LLC Purchases New Stake in ANSYS, Inc. (NASDAQ:ANSS)

WESPAC Advisors LLC bought a new position in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 731 shares of the software maker's stock, valued at approximately $231,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Meiji Yasuda Asset Management Co Ltd. grew its holdings in ANSYS by 2.8% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,298 shares of the software maker's stock worth $438,000 after acquiring an additional 35 shares during the period. Personal CFO Solutions LLC grew its holdings in ANSYS by 2.8% during the first quarter. Personal CFO Solutions LLC now owns 1,410 shares of the software maker's stock worth $446,000 after acquiring an additional 38 shares during the period. Beverly Hills Private Wealth LLC grew its holdings in ANSYS by 3.7% during the first quarter. Beverly Hills Private Wealth LLC now owns 1,084 shares of the software maker's stock worth $343,000 after acquiring an additional 39 shares during the period. Tsai Capital Corp grew its holdings in ANSYS by 0.5% during the fourth quarter. Tsai Capital Corp now owns 8,945 shares of the software maker's stock worth $3,017,000 after acquiring an additional 41 shares during the period. Finally, Bessemer Group Inc. grew its holdings in ANSYS by 1.3% during the first quarter. Bessemer Group Inc. now owns 3,223 shares of the software maker's stock worth $1,020,000 after acquiring an additional 41 shares during the period. 92.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered ANSYS from a "buy" rating to a "hold" rating in a report on Wednesday, May 7th.

Insider Buying and Selling at ANSYS

In other news, Director Glenda Dorchak sold 200 shares of the firm's stock in a transaction that occurred 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 transaction, the director owned 3,230 shares in the company, valued at $969,032.30. This trade represents a 5.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.61% of the stock is currently owned by company insiders.

ANSYS Price Performance

ANSS stock remained flat at $374.52 during mid-day trading on Friday. The company's stock had a trading volume of 1,090,743 shares, compared to its average volume of 529,072. The firm has a market capitalization of $32.93 billion, a P/E ratio of 55.57, a price-to-earnings-growth ratio of 3.85 and a beta of 1.19. The firm has a 50-day moving average of $343.81 and a 200 day moving average of $333.51. The company has a current ratio of 3.66, a quick ratio of 3.66 and a debt-to-equity ratio of 0.12. ANSYS, Inc. has a 52 week low of $275.06 and a 52 week high of $380.07.

ANSYS (NASDAQ:ANSS - Get Free Report) last issued its quarterly earnings results 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). The business had revenue of $504.89 million for the quarter, compared to analysts' expectations of $516.81 million. ANSYS had a return on equity of 12.38% and a net margin of 22.95%. The business's revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.39 EPS. On average, research analysts forecast that ANSYS, Inc. will post 8.32 earnings per share for the current fiscal year.

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.