ANSYS, Inc. (NASDAQ:ANSS) Shares Purchased by Teacher Retirement System of Texas

Teacher Retirement System of Texas grew its position in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 1,462.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,784 shares of the software maker's stock after buying an additional 11,966 shares during the quarter. Teacher Retirement System of Texas' holdings in ANSYS were worth $4,047,000 at the end of the most recent quarter.

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

Insider Activity at ANSYS

In related news, Director Glenda Dorchak sold 200 shares of the business's stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $300.01, for a total value of $60,002.00. Following the transaction, the director owned 3,230 shares in the company, valued at approximately $969,032.30. The trade was a 5.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.61% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered ANSYS from a "buy" rating to a "hold" rating in a research report on Wednesday, May 7th.

ANSYS Stock Performance

NASDAQ:ANSS remained flat at $374.52 during mid-day trading on Friday. The company's stock had a trading volume of 1,090,743 shares, compared to its average volume of 528,963. The business has a 50-day simple moving average of $342.89 and a two-hundred day simple moving average of $333.29. The company has a quick ratio of 3.66, a current ratio of 3.66 and a debt-to-equity ratio of 0.12. ANSYS, Inc. has a one year low of $275.06 and a one year high of $379.99. The company has a market capitalization of $32.93 billion, a price-to-earnings ratio of 55.57, a price-to-earnings-growth ratio of 3.77 and a beta of 1.19.

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

ANSYS Company 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.