Wasatch Advisors LP Buys 36 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Wasatch Advisors LP increased its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) by 1.8% during the 1st quarter, HoldingsChannel.com reports. The fund owned 2,082 shares of the software maker’s stock after acquiring an additional 36 shares during the period. Wasatch Advisors LP’s holdings in ANSYS were worth $723,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. raised its stake in ANSYS by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 10,161,057 shares of the software maker’s stock valued at $3,687,244,000 after buying an additional 132,206 shares during the period. Franklin Resources Inc. raised its stake in ANSYS by 1.9% in the fourth quarter. Franklin Resources Inc. now owns 1,508,715 shares of the software maker’s stock valued at $547,483,000 after buying an additional 27,893 shares during the period. Wellington Management Group LLP raised its stake in ANSYS by 167.4% in the third quarter. Wellington Management Group LLP now owns 1,286,790 shares of the software maker’s stock valued at $382,884,000 after buying an additional 805,657 shares during the period. Morgan Stanley raised its stake in ANSYS by 18.0% in the third quarter. Morgan Stanley now owns 1,010,937 shares of the software maker’s stock valued at $300,805,000 after buying an additional 154,325 shares during the period. Finally, Norges Bank bought a new stake in ANSYS in the fourth quarter valued at approximately $282,329,000. Institutional investors own 92.39% of the company’s stock.

Insider Buying and Selling

In other news, Director Glenda Dorchak sold 150 shares of ANSYS stock in a transaction on Monday, April 8th. The stock was sold at an average price of $342.08, for a total value of $51,312.00. Following the transaction, the director now owns 3,049 shares in the company, valued at approximately $1,043,001.92. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.46% of the stock is currently owned by company insiders.

ANSYS Price Performance

NASDAQ:ANSS traded up $5.94 during trading hours on Tuesday, reaching $327.10. 364,902 shares of the company were exchanged, compared to its average volume of 622,876. The company has a market capitalization of $28.56 billion, a P/E ratio of 65.68, a P/E/G ratio of 7.16 and a beta of 1.11. ANSYS, Inc. has a 1-year low of $258.01 and a 1-year high of $364.31. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.80 and a quick ratio of 2.80. The business has a 50 day moving average of $324.85 and a 200 day moving average of $333.14.

ANSYS (NASDAQ:ANSS) last issued its quarterly earnings results on Wednesday, May 1st. The software maker reported $1.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.54). The company had revenue of $466.60 million for the quarter, compared to analyst estimates of $549.85 million. ANSYS had a return on equity of 10.45% and a net margin of 19.51%. The company’s quarterly revenue was down 8.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.45 EPS. Research analysts forecast that ANSYS, Inc. will post 7.05 EPS for the current year.

Analysts Set New Price Targets

Several research firms have issued reports on ANSS. StockNews.com started coverage on ANSYS in a research note on Wednesday, June 26th. They issued a “hold” rating on the stock. KeyCorp started coverage on ANSYS in a research note on Thursday, June 27th. They set a “sector weight” rating on the stock. Finally, Rosenblatt Securities reiterated a “neutral” rating and set a $345.00 target price on shares of ANSYS in a research note on Friday, May 3rd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, ANSYS currently has an average rating of “Hold” and an average target price of $320.00.

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.