ANSYS (NASDAQ:ANSS) Reaches New 1-Year High – What’s Next?

ANSYS, Inc. (NASDAQ:ANSS) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $368.00 and last traded at $364.60, with a volume of 874214 shares. The stock had previously closed at $353.21.

Analyst Upgrades and Downgrades

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

ANSYS Price Performance

The stock has a market cap of $32.06 billion, a price-to-earnings ratio of 54.09, a price-to-earnings-growth ratio of 3.78 and a beta of 1.19. The stock’s 50 day moving average price is $339.05 and its two-hundred day moving average price is $332.42. 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) last released its quarterly earnings data on Wednesday, April 30th. The software maker reported $1.64 earnings per share for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.11). The business had revenue of $504.89 million during the quarter, compared to analyst estimates of $516.81 million. ANSYS had a return on equity of 12.38% and a net margin of 22.95%. The firm’s revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.39 EPS. Equities research analysts forecast that ANSYS, Inc. will post 8.32 EPS for the current fiscal year.

Insider Buying and Selling at ANSYS

In other news, Director Glenda Dorchak sold 200 shares of the stock in a transaction on Monday, April 14th. The shares were sold at an average price of $300.01, for a total value of $60,002.00. Following the sale, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.61% of the stock is owned by insiders.

Institutional Trading of ANSYS

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ANSS. Jones Financial Companies Lllp grew its position in ANSYS by 114.9% during the fourth quarter. Jones Financial Companies Lllp now owns 821 shares of the software maker’s stock valued at $277,000 after buying an additional 439 shares during the period. SBI Securities Co. Ltd. acquired a new stake in ANSYS during the fourth quarter valued at $47,000. Steward Partners Investment Advisory LLC grew its position in ANSYS by 6.6% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,773 shares of the software maker’s stock valued at $598,000 after buying an additional 109 shares during the period. Assetmark Inc. grew its position in ANSYS by 468.2% during the fourth quarter. Assetmark Inc. now owns 125 shares of the software maker’s stock valued at $42,000 after buying an additional 103 shares during the period. Finally, Atria Investments Inc grew its position in ANSYS by 7.5% during the fourth quarter. Atria Investments Inc now owns 13,518 shares of the software maker’s stock valued at $4,560,000 after buying an additional 947 shares during the period. Institutional investors and hedge funds own 92.39% of the company’s stock.

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.