New York State Common Retirement Fund Trims Stock Holdings in ANSYS, Inc. (NASDAQ:ANSS)

New York State Common Retirement Fund trimmed its position in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 2.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Quarry LP boosted 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. purchased a new position in shares of ANSYS in the 1st quarter worth approximately $31,000. Assetmark Inc. boosted its stake in shares of ANSYS by 468.2% in the 4th quarter. Assetmark Inc. now owns 125 shares of the software maker's stock worth $42,000 after buying an additional 103 shares during the last quarter. Millstone Evans Group LLC bought a new position in shares of ANSYS in the fourth quarter valued at approximately $42,000. Finally, Kapitalo Investimentos Ltda purchased a new stake in shares of ANSYS during the fourth quarter valued at approximately $43,000. Institutional investors own 92.39% of the company's stock.

ANSYS Stock Performance

Shares of NASDAQ:ANSS traded up $11.33 during mid-day trading on Monday, reaching $385.85. The company had a trading volume of 4,584,891 shares, compared to its average volume of 653,532. ANSYS, Inc. has a one year low of $275.06 and a one year high of $395.49. The company has a current ratio of 3.66, a quick ratio of 3.66 and a debt-to-equity ratio of 0.12. The company's 50-day moving average price is $343.81 and its 200-day moving average price is $333.40. The firm has a market cap of $33.92 billion, a price-to-earnings ratio of 57.25, a PEG ratio of 3.85 and a beta of 1.19.

ANSYS (NASDAQ:ANSS - Get Free Report) last released its earnings results on Wednesday, April 30th. The software maker reported $1.64 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.75 by ($0.11). ANSYS had a return on equity of 12.38% and a net margin of 22.95%. The firm had revenue of $504.89 million during the quarter, compared to analysts' expectations of $516.81 million. During the same period in the prior year, the business earned $1.39 earnings per share. The business's quarterly revenue was up 8.2% compared to the same quarter last year. As a group, equities research analysts anticipate that ANSYS, Inc. will post 8.32 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have weighed in on ANSS shares. Robert W. Baird set a $396.00 price objective on ANSYS in a research report on Monday. Wall Street Zen lowered shares of ANSYS from a "buy" rating to a "hold" rating in a research report on Wednesday, May 7th.

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.