Cambridge Investment Research Advisors Inc. Purchases 6,461 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Cambridge Investment Research Advisors Inc. increased its position in shares of ANSYS, Inc. (NASDAQ:ANSS) by 540.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,656 shares of the software maker’s stock after acquiring an additional 6,461 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in ANSYS were worth $2,423,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of ANSS. Alpine Associates Management Inc. raised its position in shares of ANSYS by 8.2% during the 4th quarter. Alpine Associates Management Inc. now owns 443,583 shares of the software maker’s stock valued at $149,634,000 after buying an additional 33,600 shares in the last quarter. North Star Asset Management Inc. increased its stake in ANSYS by 25.7% in the fourth quarter. North Star Asset Management Inc. now owns 5,579 shares of the software maker’s stock valued at $1,882,000 after acquiring an additional 1,139 shares during the last quarter. Magnetar Financial LLC raised its position in ANSYS by 0.8% during the fourth quarter. Magnetar Financial LLC now owns 219,625 shares of the software maker’s stock valued at $74,086,000 after purchasing an additional 1,824 shares in the last quarter. Mizuho Securities USA LLC lifted its stake in ANSYS by 46.3% during the fourth quarter. Mizuho Securities USA LLC now owns 8,288 shares of the software maker’s stock worth $2,796,000 after purchasing an additional 2,621 shares during the last quarter. Finally, Prudential PLC boosted its holdings in shares of ANSYS by 5.9% in the 4th quarter. Prudential PLC now owns 37,833 shares of the software maker’s stock worth $12,762,000 after purchasing an additional 2,122 shares in the last quarter. 92.39% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at ANSYS

In related news, Director Glenda Dorchak sold 200 shares of the company’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 transaction of $60,002.00. Following the completion of the transaction, the director owned 3,230 shares in the company, valued at $969,032.30. This represents a 5.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.61% of the company’s stock.

ANSYS Price Performance

ANSS stock opened at $351.22 on Tuesday. The firm has a market cap of $30.88 billion, a P/E ratio of 52.11, a P/E/G ratio of 3.57 and a beta of 1.19. The firm’s fifty day moving average is $335.32 and its 200 day moving average is $331.84. ANSYS, Inc. has a 52 week low of $275.06 and a 52 week high of $363.03. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.66 and a current ratio of 3.66.

ANSYS (NASDAQ:ANSS) last announced its quarterly earnings data 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). ANSYS had a net margin of 22.95% and a return on equity of 12.38%. The company had revenue of $504.89 million for the quarter, compared to the consensus estimate of $516.81 million. During the same period last year, the business posted $1.39 earnings per share. The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. Research analysts predict that ANSYS, Inc. will post 8.32 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

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.