First Merchants Corp Has $3.33 Million Holdings in ANSYS, Inc. (NASDAQ:ANSS)

First Merchants Corp boosted its holdings in ANSYS, Inc. (NASDAQ:ANSS) by 4.1% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,504 shares of the software maker’s stock after purchasing an additional 409 shares during the quarter. First Merchants Corp’s holdings in ANSYS were worth $3,325,000 at the end of the most recent reporting period.

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

Insider Transactions at ANSYS

In related news, Director Glenda Dorchak sold 200 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the director now owns 3,230 shares in the company, valued at $969,032.30. This trade represents a 5.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.61% of the company’s stock.

ANSYS Price Performance

Shares of ANSS stock opened at $343.40 on Friday. The business has a fifty day simple moving average of $333.36 and a 200 day simple moving average of $331.86. The company has a market cap of $30.19 billion, a P/E ratio of 50.95, a P/E/G ratio of 3.51 and a beta of 1.19. 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, Inc. has a twelve month low of $275.06 and a twelve month high of $363.03.

ANSYS (NASDAQ:ANSS) last issued its earnings results on Wednesday, April 30th. The software maker reported $1.64 EPS for the quarter, missing the consensus estimate of $1.75 by ($0.11). ANSYS had a return on equity of 12.38% and a net margin of 22.95%. The business had revenue of $504.89 million for the quarter, compared to analyst estimates of $516.81 million. During the same period in the previous year, the firm posted $1.39 EPS. The firm’s revenue was up 8.2% compared to the same quarter last year. On average, sell-side analysts forecast that ANSYS, Inc. will post 8.32 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.