ANSYS, Inc. (NASDAQ:ANSS) Holdings Decreased by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lessened its stake in ANSYS, Inc. (NASDAQ:ANSS) by 4.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 11,614 shares of the software maker’s stock after selling 532 shares during the quarter. Mutual of America Capital Management LLC’s holdings in ANSYS were worth $4,214,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. CVA Family Office LLC acquired a new stake in shares of ANSYS in the fourth quarter valued at $28,000. Raleigh Capital Management Inc. lifted its holdings in ANSYS by 135.7% in the 3rd quarter. Raleigh Capital Management Inc. now owns 99 shares of the software maker’s stock valued at $29,000 after acquiring an additional 57 shares during the last quarter. KB Financial Partners LLC boosted its position in shares of ANSYS by 854.5% during the 2nd quarter. KB Financial Partners LLC now owns 105 shares of the software maker’s stock valued at $35,000 after purchasing an additional 94 shares in the last quarter. Turtle Creek Wealth Advisors LLC acquired a new position in shares of ANSYS in the 4th quarter worth approximately $47,000. Finally, Cornerstone Planning Group LLC bought a new stake in shares of ANSYS in the 2nd quarter worth approximately $50,000. Institutional investors and hedge funds own 92.39% of the company’s stock.

ANSYS Trading Down 0.4 %

Shares of NASDAQ:ANSS opened at $326.81 on Wednesday. The firm has a fifty day moving average of $338.17 and a two-hundred day moving average of $319.93. The company has a quick ratio of 2.30, a current ratio of 2.30 and a debt-to-equity ratio of 0.14. ANSYS, Inc. has a 12-month low of $258.01 and a 12-month high of $364.31. The firm has a market capitalization of $28.53 billion, a P/E ratio of 57.03, a price-to-earnings-growth ratio of 5.28 and a beta of 1.16.

ANSYS (NASDAQ:ANSS) last released its quarterly earnings data on Wednesday, February 21st. The software maker reported $3.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.71 by $0.23. ANSYS had a return on equity of 11.83% and a net margin of 22.05%. The firm had revenue of $805.10 million during the quarter, compared to analysts’ expectations of $797.49 million. During the same quarter last year, the firm earned $2.61 earnings per share. The business’s revenue for the quarter was up 15.9% on a year-over-year basis. On average, equities analysts expect that ANSYS, Inc. will post 7.34 EPS for the current fiscal year.

Analysts Set New Price Targets

ANSS has been the subject of a number of research reports. Mizuho reduced their target price on shares of ANSYS from $350.00 to $330.00 and set a “neutral” rating for the company in a report on Wednesday, January 17th. Wolfe Research restated a “peer perform” rating on shares of ANSYS in a report on Wednesday, January 17th. Rosenblatt Securities reaffirmed a “neutral” rating and set a $345.00 target price on shares of ANSYS in a report on Tuesday, March 5th. StockNews.com initiated coverage on ANSYS in a research note on Monday. They issued a “hold” rating on the stock. Finally, Barclays upped their price objective on shares of ANSYS from $314.00 to $340.00 and gave the company an “underweight” rating in a research note on Thursday, February 22nd. Two analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $322.75.

Insider Activity at ANSYS

In other news, Director Glenda Dorchak sold 150 shares of the stock in a transaction on Monday, April 8th. The shares were sold at an average price of $342.08, for a total transaction of $51,312.00. Following the transaction, the director now owns 3,049 shares in the company, valued at approximately $1,043,001.92. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.53% of the stock is currently owned by company insiders.

ANSYS 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.