Strategy Asset Managers LLC bought a new position in shares of ANSYS, Inc. (NASDAQ:ANSS) in the first quarter, Holdings Channel reports. The institutional investor bought 14,558 shares of the software maker’s stock, valued at approximately $2,660,000.

Several other institutional investors have also recently added to or reduced their stakes in ANSS. Cullen Frost Bankers Inc. purchased a new stake in shares of ANSYS in the first quarter valued at approximately $28,000. Flagship Harbor Advisors LLC lifted its stake in shares of ANSYS by 198.4% in the 1st quarter. Flagship Harbor Advisors LLC now owns 182 shares of the software maker’s stock valued at $33,000 after purchasing an additional 121 shares during the last quarter. Washington Trust Bank lifted its stake in shares of ANSYS by 43.8% in the 1st quarter. Washington Trust Bank now owns 210 shares of the software maker’s stock valued at $39,000 after purchasing an additional 64 shares during the last quarter. AdvisorNet Financial Inc lifted its stake in shares of ANSYS by 77.8% in the 4th quarter. AdvisorNet Financial Inc now owns 320 shares of the software maker’s stock valued at $46,000 after purchasing an additional 140 shares during the last quarter. Finally, Resources Investment Advisors Inc. acquired a new position in ANSYS during the 4th quarter worth about $50,000. 93.75% of the stock is owned by hedge funds and other institutional investors.

NASDAQ:ANSS traded up $1.88 during mid-day trading on Tuesday, reaching $186.55. 4,362 shares of the stock were exchanged, compared to its average volume of 423,302. The company has a market capitalization of $15.74 billion, a PE ratio of 35.79 and a beta of 1.36. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 0.03. ANSYS, Inc. has a 1 year low of $136.80 and a 1 year high of $197.05.

ANSYS (NASDAQ:ANSS) last released its quarterly earnings results on Wednesday, May 1st. The software maker reported $1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.11. The firm had revenue of $319.91 million for the quarter, compared to the consensus estimate of $306.17 million. ANSYS had a return on equity of 17.08% and a net margin of 31.73%. The firm’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.22 EPS. As a group, sell-side analysts anticipate that ANSYS, Inc. will post 5.07 EPS for the current fiscal year.

ANSS has been the topic of several research reports. Citigroup increased their target price on ANSYS from $203.00 to $212.00 and gave the stock an “overweight” rating in a research note on Thursday, May 2nd. BidaskClub upgraded ANSYS from a “buy” rating to a “strong-buy” rating in a report on Friday, April 26th. Mitsubishi UFJ Financial Group increased their price objective on ANSYS to $203.00 and gave the company an “overweight” rating in a report on Thursday, February 28th. Evercore ISI reiterated a “hold” rating and issued a $155.00 price objective on shares of ANSYS in a report on Thursday, May 2nd. Finally, KeyCorp initiated coverage on ANSYS in a report on Wednesday, April 10th. They issued a “sector weight” rating on the stock. One analyst has rated the stock with a sell rating, five have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $188.14.

In other ANSYS news, VP Matthew C. Zack sold 1,116 shares of the stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $194.80, for a total transaction of $217,396.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ajei Gopal sold 9,023 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $186.00, for a total value of $1,678,278.00. The disclosure for this sale can be found here. Insiders have sold a total of 56,635 shares of company stock worth $10,303,343 in the last 90 days. 1.11% of the stock is currently owned by company insiders.

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ANSYS Company Profile

ANSYS, Inc develops and markets engineering simulation software and services worldwide. The company offers ANSYS Workbench, a framework upon which the company's engineering simulation technologies are built; ANSYS multiphysics software to simulate the interactions between structures, heat transfer, fluids, and electronics in a unified engineering simulation environment; and structural analysis product suite that provides simulation tools for product design and optimization.

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Institutional Ownership by Quarter for ANSYS (NASDAQ:ANSS)

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