ANSYS, Inc. (NASDAQ:ANSS) Position Lessened by State of Tennessee Department of Treasury

State of Tennessee Department of Treasury cut its stake in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 3.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 31,495 shares of the software maker's stock after selling 1,191 shares during the period. State of Tennessee Department of Treasury's holdings in ANSYS were worth $10,624,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in ANSS. Ameliora Wealth Management Ltd. purchased a new position in shares of ANSYS in the 4th quarter valued at $27,000. Assetmark Inc. lifted its stake in shares of ANSYS by 468.2% during the fourth quarter. Assetmark Inc. now owns 125 shares of the software maker's stock worth $42,000 after purchasing an additional 103 shares in the last quarter. Millstone Evans Group LLC purchased a new stake in shares of ANSYS in the fourth quarter worth about $42,000. SBI Securities Co. Ltd. purchased a new stake in shares of ANSYS during the 4th quarter valued at about $47,000. Finally, Allworth Financial LP raised its holdings in shares of ANSYS by 33.7% during the 4th quarter. Allworth Financial LP now owns 258 shares of the software maker's stock valued at $92,000 after buying an additional 65 shares during the period. 92.39% of the stock is owned by hedge funds and other institutional investors.

ANSYS Stock Up 0.6 %

Shares of ANSS stock traded up $1.82 during mid-day trading on Tuesday, reaching $319.82. 197,990 shares of the company were exchanged, compared to its average volume of 481,997. The company has a market capitalization of $28.03 billion, a P/E ratio of 48.80, a P/E/G ratio of 3.48 and a beta of 1.20. The business's 50 day simple moving average is $315.87 and its 200 day simple moving average is $331.83. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.01 and a current ratio of 3.01. ANSYS, Inc. has a fifty-two week low of $275.06 and a fifty-two week high of $363.03.

ANSYS (NASDAQ:ANSS - Get Free Report) last released its earnings results 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). ANSYS had a return on equity of 12.69% and a net margin of 22.62%. The company had revenue of $882.17 million during the quarter, compared to the consensus estimate of $864.46 million. Research analysts predict that ANSYS, Inc. will post 8.32 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Glenda Dorchak sold 200 shares of the company's stock in a transaction that occurred on Monday, April 14th. The stock was sold at an average price of $300.01, for a total transaction of $60,002.00. Following the sale, the director now directly owns 3,230 shares of the company's stock, valued at approximately $969,032.30. This represents a 5.83 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.46% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on ANSS. Rosenblatt Securities lifted their price objective on shares of ANSYS from $335.00 to $340.00 and gave the company a "neutral" rating in a research note on Friday, February 21st. StockNews.com lowered shares of ANSYS from a "buy" rating to a "hold" rating in a report on Monday.

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.