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

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

Other hedge funds also recently made changes to their positions in the company. Ameliora Wealth Management Ltd. acquired a new stake in shares of ANSYS in the fourth quarter valued at approximately $27,000. Assetmark Inc. lifted its holdings in ANSYS by 468.2% during the 4th quarter. Assetmark Inc. now owns 125 shares of the software maker’s stock worth $42,000 after purchasing an additional 103 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in ANSYS during the 4th quarter worth approximately $47,000. Allworth Financial LP lifted its holdings in ANSYS by 33.7% during the 4th quarter. Allworth Financial LP now owns 258 shares of the software maker’s stock worth $92,000 after purchasing an additional 65 shares during the last quarter. Finally, Brooklyn Investment Group acquired a new stake in ANSYS during the 3rd quarter worth approximately $119,000. 92.39% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Glenda Dorchak sold 200 shares of ANSYS stock in a transaction 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 transaction, the director now owns 3,430 shares in the company, valued at approximately $1,154,606.60. This trade represents a 5.51 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.46% of the company’s stock.

ANSYS Price Performance

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

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

Wall Street Analysts Forecast Growth

ANSS has been the subject of several research reports. Rosenblatt Securities lifted their price target on ANSYS from $335.00 to $340.00 and gave the stock a “neutral” rating in a report on Friday, February 21st. StockNews.com cut ANSYS from a “buy” rating to a “hold” rating in a report on Friday.

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.