731 Shares in ANSYS, Inc. (NASDAQ:ANSS) Purchased by WESPAC Advisors LLC

WESPAC Advisors LLC bought a new stake in ANSYS, Inc. (NASDAQ:ANSS - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 731 shares of the software maker's stock, valued at approximately $231,000.

Several other large investors also recently made changes to their positions in ANSS. Capital Research Global Investors bought a new stake in shares of ANSYS in the 4th quarter worth approximately $695,129,000. Norges Bank bought a new stake in shares of ANSYS in the 4th quarter worth approximately $615,566,000. GAMMA Investing LLC raised its holdings in shares of ANSYS by 46,802.3% in the 1st quarter. GAMMA Investing LLC now owns 727,455 shares of the software maker's stock worth $230,283,000 after purchasing an additional 725,904 shares during the period. FIL Ltd raised its holdings in shares of ANSYS by 32.5% in the 4th quarter. FIL Ltd now owns 2,086,177 shares of the software maker's stock worth $703,730,000 after purchasing an additional 511,557 shares during the period. Finally, Raiffeisen Bank International AG purchased a new position in ANSYS in the 4th quarter valued at approximately $48,253,000. 92.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ANSS has been the subject of a number of recent research reports. Baird R W lowered shares of ANSYS from a "strong-buy" rating to a "hold" rating in a research note on Monday. Wall Street Zen lowered shares of ANSYS from a "buy" rating to a "hold" rating in a research report on Wednesday, May 7th. Finally, Robert W. Baird set a $396.00 price target on shares of ANSYS in a research report on Monday.

ANSYS Price Performance

NASDAQ:ANSS traded up $6.87 during midday trading on Tuesday, hitting $392.72. The company had a trading volume of 2,800,149 shares, compared to its average volume of 555,488. ANSYS, Inc. has a 52-week low of $275.06 and a 52-week high of $395.49. The stock's fifty day moving average price is $345.03 and its 200-day moving average price is $333.72. The company has a market capitalization of $34.53 billion, a PE ratio of 58.27, a P/E/G ratio of 3.85 and a beta of 1.19. The company has a quick ratio of 3.66, a current ratio of 3.66 and a debt-to-equity ratio of 0.12.

ANSYS (NASDAQ:ANSS - Get Free Report) last posted its quarterly 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). The business had revenue of $504.89 million during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the prior year, the firm earned $1.39 earnings per share. As a group, research analysts expect that ANSYS, Inc. will post 8.32 earnings per share for the current year.

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.