New York State Common Retirement Fund Has $61.10 Million Holdings in ANSYS, Inc. (NASDAQ:ANSS)

New York State Common Retirement Fund reduced its stake in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 2.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 193,026 shares of the software maker's stock after selling 4,110 shares during the quarter. New York State Common Retirement Fund owned 0.22% of ANSYS worth $61,104,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of ANSS. Quarry LP raised its holdings in ANSYS by 1,550.0% during the fourth quarter. Quarry LP now owns 99 shares of the software maker's stock worth $33,000 after purchasing an additional 93 shares during the last quarter. NBC Securities Inc. acquired a new position in shares of ANSYS in the first quarter worth $31,000. Assetmark Inc. raised its holdings in shares of ANSYS by 468.2% in the fourth quarter. Assetmark Inc. now owns 125 shares of the software maker's stock worth $42,000 after acquiring an additional 103 shares during the last quarter. Millstone Evans Group LLC purchased a new position in ANSYS during the fourth quarter worth about $42,000. Finally, Kapitalo Investimentos Ltda purchased a new position in ANSYS during the fourth quarter worth about $43,000. 92.39% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Robert W. Baird set a $396.00 price target on ANSYS in a research note on Monday. Baird R W downgraded ANSYS from a "strong-buy" rating to a "hold" rating in a report on Monday. Finally, Wall Street Zen downgraded ANSYS from a "buy" rating to a "hold" rating in a report on Wednesday, May 7th.

ANSYS Price Performance

Shares of ANSS traded down $4.87 during midday trading on Thursday, reaching $387.85. The stock had a trading volume of 18,893,200 shares, compared to its average volume of 631,415. ANSYS, Inc. has a 52 week low of $275.06 and a 52 week high of $395.49. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.66 and a quick ratio of 3.66. The firm's 50 day moving average price is $348.46 and its 200-day moving average price is $334.75. The company has a market capitalization of $34.10 billion, a P/E ratio of 57.54, a P/E/G ratio of 3.85 and a beta of 1.19.

ANSYS (NASDAQ:ANSS - Get Free Report) last issued its quarterly 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). ANSYS had a net margin of 22.95% and a return on equity of 12.38%. The business had revenue of $504.89 million for the quarter, compared to analysts' expectations of $516.81 million. During the same quarter in the prior year, the firm posted $1.39 EPS. The business's quarterly revenue was up 8.2% compared to the same quarter last year. On average, analysts forecast that ANSYS, Inc. will post 8.32 earnings per share for the current fiscal year.

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.