ANSYS (NASDAQ:ANSS) Hits New 12-Month High – Should You Buy?

ANSYS, Inc. (NASDAQ:ANSS)’s share price hit 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 trading hands. The stock had previously closed at $353.21.

Analyst Ratings Changes

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

ANSYS Price Performance

The company has a quick ratio of 3.66, a current ratio of 3.66 and a debt-to-equity ratio of 0.12. The company’s fifty day moving average is $338.17 and its 200 day moving average is $332.28. The firm has a market cap of $32.06 billion, a price-to-earnings ratio of 54.09, a PEG ratio of 3.63 and a beta of 1.19.

ANSYS (NASDAQ:ANSS) last posted its quarterly earnings data on Wednesday, April 30th. The software maker reported $1.64 EPS for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.11). The business had revenue of $504.89 million for 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 company’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.39 earnings per share. On average, equities research analysts predict that ANSYS, Inc. will post 8.32 EPS for the current year.

Insider Buying and Selling

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the business’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 transaction, the director owned 3,230 shares of the company’s stock, valued at $969,032.30. The trade was a 5.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.61% of the company’s stock.

Hedge Funds Weigh In On ANSYS

Several hedge funds and other institutional investors have recently made changes to their positions in ANSS. Harbour Investments Inc. raised its position in ANSYS by 68.1% during the first quarter. Harbour Investments Inc. now owns 79 shares of the software maker’s stock worth $25,000 after acquiring an additional 32 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its holdings in shares of ANSYS by 2.8% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,298 shares of the software maker’s stock valued at $438,000 after purchasing an additional 35 shares during the period. Townsquare Capital LLC lifted its stake in ANSYS by 0.8% in the 1st quarter. Townsquare Capital LLC now owns 4,693 shares of the software maker’s stock valued at $1,486,000 after purchasing an additional 36 shares during the last quarter. Personal CFO Solutions LLC grew its holdings in ANSYS by 2.8% during the first quarter. Personal CFO Solutions LLC now owns 1,410 shares of the software maker’s stock worth $446,000 after purchasing an additional 38 shares during the period. Finally, Beverly Hills Private Wealth LLC increased its position in ANSYS by 3.7% during the first quarter. Beverly Hills Private Wealth LLC now owns 1,084 shares of the software maker’s stock worth $343,000 after buying an additional 39 shares during the last quarter. 92.39% of the stock is owned by institutional investors.

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.