OVERSEA CHINESE BANKING Corp Ltd Invests $10.32 Million in ANSYS, Inc. (NASDAQ:ANSS)

OVERSEA CHINESE BANKING Corp Ltd purchased a new stake in shares of ANSYS, Inc. (NASDAQ:ANSS) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 32,606 shares of the software maker’s stock, valued at approximately $10,322,000.

Other institutional investors also recently added to or reduced their stakes in the company. Harbour Investments Inc. grew its position in ANSYS by 68.1% during the first quarter. Harbour Investments Inc. now owns 79 shares of the software maker’s stock valued at $25,000 after buying an additional 32 shares during the period. Quarry LP grew its position in ANSYS by 1,550.0% during the fourth quarter. Quarry LP now owns 99 shares of the software maker’s stock valued at $33,000 after buying an additional 93 shares during the period. NBC Securities Inc. bought a new position in ANSYS during the first quarter valued at about $31,000. Kapitalo Investimentos Ltda bought a new position in ANSYS during the fourth quarter valued at about $43,000. Finally, Banque de Luxembourg S.A. bought a new position in ANSYS during the fourth quarter valued at about $60,000. Institutional investors own 92.39% of the company’s stock.

Wall Street Analysts Forecast Growth

ANSS has been the subject of several research reports. Robert W. Baird set a $396.00 price target on shares of ANSYS in a research report on Monday, July 14th. Wall Street Zen lowered shares of ANSYS from a “buy” rating to a “hold” rating in a research report on Wednesday, May 7th. Finally, Baird R W lowered shares of ANSYS from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 14th.

ANSYS Price Performance

Shares of NASDAQ:ANSS opened at $374.30 on Friday. 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 firm has a market capitalization of $32.91 billion, a PE ratio of 55.53, a P/E/G ratio of 4.08 and a beta of 1.19. ANSYS, Inc. has a twelve month low of $275.06 and a twelve month high of $395.49. The company has a 50-day moving average price of $355.14 and a two-hundred day moving average price of $337.46.

ANSYS (NASDAQ:ANSS) last issued its earnings results 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 for the quarter, compared to the consensus estimate of $516.81 million. ANSYS had a return on equity of 12.38% and a net margin of 22.95%. ANSYS’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.39 EPS. Equities analysts forecast that ANSYS, Inc. will post 8.32 EPS for the current year.

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.