First Affirmative Financial Network Acquires 165 Shares of ANSYS, Inc. (NASDAQ:ANSS)

First Affirmative Financial Network increased its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS) by 27.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 763 shares of the software maker’s stock after acquiring an additional 165 shares during the period. First Affirmative Financial Network’s holdings in ANSYS were worth $242,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Vanguard Group Inc. grew its position in ANSYS by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 10,643,766 shares of the software maker’s stock worth $3,590,462,000 after acquiring an additional 78,730 shares during the last quarter. Geode Capital Management LLC grew its position in ANSYS by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 2,363,744 shares of the software maker’s stock worth $796,033,000 after acquiring an additional 58,190 shares during the last quarter. FIL Ltd grew its position in ANSYS by 32.5% during the 4th quarter. FIL Ltd now owns 2,086,177 shares of the software maker’s stock worth $703,730,000 after acquiring an additional 511,557 shares during the last quarter. Capital Research Global Investors bought a new stake in ANSYS during the 4th quarter worth approximately $695,129,000. Finally, Norges Bank bought a new stake in ANSYS during the 4th quarter worth approximately $615,566,000. 92.39% of the stock is currently owned by institutional investors.

ANSYS Stock Up 0.3%

NASDAQ:ANSS opened at $339.27 on Friday. The stock’s fifty day moving average price is $322.11 and its two-hundred day moving average price is $332.68. 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 3.01 and a current ratio of 3.01. The company has a market cap of $29.83 billion, a price-to-earnings ratio of 51.80, a P/E/G ratio of 3.48 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 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.75 by ($0.11). ANSYS had a return on equity of 12.69% and a net margin of 22.62%. The firm had revenue of $504.89 million for the quarter, compared to analyst estimates of $516.81 million. During the same period in the prior year, the company posted $1.39 EPS. The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. On average, analysts anticipate that ANSYS, Inc. will post 8.32 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Wall Street Zen lowered ANSYS from a “buy” rating to a “hold” rating in a research report on Wednesday, May 7th. Rosenblatt Securities upped their price objective on ANSYS from $335.00 to $340.00 and gave the stock a “neutral” rating in a report on Friday, February 21st.

Insider Activity

In other news, Director Glenda Dorchak sold 200 shares of the stock in a transaction on Monday, April 14th. The stock was sold at an average price of $300.01, for a total value of $60,002.00. Following the transaction, the director now owns 3,230 shares of the company’s stock, valued at $969,032.30. This represents a 5.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.61% of the stock is currently owned by company insiders.

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.