Maryland State Retirement & Pension System Has $1.57 Million Position in ANSYS, Inc. (NASDAQ:ANSS)

Maryland State Retirement & Pension System lowered its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS) by 6.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,658 shares of the software maker’s stock after selling 326 shares during the quarter. Maryland State Retirement & Pension System’s holdings in ANSYS were worth $1,571,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Xponance Inc. raised its position in shares of ANSYS by 0.7% during the fourth quarter. Xponance Inc. now owns 11,954 shares of the software maker’s stock worth $4,032,000 after purchasing an additional 87 shares during the period. Intech Investment Management LLC raised its position in shares of ANSYS by 14.6% during the fourth quarter. Intech Investment Management LLC now owns 991 shares of the software maker’s stock worth $334,000 after purchasing an additional 126 shares during the period. Generali Asset Management SPA SGR bought a new position in shares of ANSYS during the fourth quarter worth about $1,719,000. Signaturefd LLC grew its holdings in shares of ANSYS by 7.3% during the fourth quarter. Signaturefd LLC now owns 1,431 shares of the software maker’s stock worth $483,000 after buying an additional 97 shares in the last quarter. Finally, Parallel Advisors LLC grew its holdings in shares of ANSYS by 17.8% during the fourth quarter. Parallel Advisors LLC now owns 942 shares of the software maker’s stock worth $318,000 after buying an additional 142 shares in the last quarter. Institutional investors and hedge funds own 92.39% of the company’s stock.

Insider Buying and Selling at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the firm’s stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $336.62, for a total value of $67,324.00. Following the completion of the transaction, the director now directly owns 3,430 shares in the company, valued at $1,154,606.60. This trade represents a 5.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.46% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on ANSS. Rosenblatt Securities increased 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. StockNews.com downgraded ANSYS from a “buy” rating to a “hold” rating in a report on Friday.

ANSYS Stock Down 0.1 %

ANSS stock opened at $324.20 on Friday. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.12. The business has a 50 day moving average price of $337.11 and a two-hundred day moving average price of $333.66. The company has a market cap of $28.42 billion, a price-to-earnings ratio of 49.50, a P/E/G ratio of 3.48 and a beta of 1.11. ANSYS, Inc. has a twelve month low of $289.82 and a twelve month high of $363.03.

ANSYS (NASDAQ:ANSS) last posted its quarterly earnings results on Wednesday, February 19th. The software maker reported $3.65 earnings per share for the quarter, missing analysts’ consensus estimates of $3.97 by ($0.32). The company had revenue of $882.17 million during the quarter, compared to the consensus estimate of $864.46 million. ANSYS had a net margin of 22.62% and a return on equity of 12.69%. Analysts anticipate that ANSYS, Inc. will post 8.32 EPS for the current fiscal year.

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.