Mutual of America Capital Management LLC Has $3.53 Million Stake in ANSYS, Inc. (NASDAQ:ANSS)

Mutual of America Capital Management LLC decreased its stake in ANSYS, Inc. (NASDAQ:ANSS) by 2.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,474 shares of the software maker’s stock after selling 286 shares during the quarter. Mutual of America Capital Management LLC’s holdings in ANSYS were worth $3,533,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. State Street Corp boosted its stake in ANSYS by 3.0% in the 3rd quarter. State Street Corp now owns 3,703,249 shares of the software maker’s stock valued at $1,179,966,000 after buying an additional 106,187 shares in the last quarter. Geode Capital Management LLC boosted its stake in ANSYS by 1.7% in the third quarter. Geode Capital Management LLC now owns 2,305,554 shares of the software maker’s stock worth $732,672,000 after purchasing an additional 37,577 shares in the last quarter. Impax Asset Management Group plc boosted its stake in ANSYS by 8.0% in the third quarter. Impax Asset Management Group plc now owns 603,394 shares of the software maker’s stock worth $192,259,000 after purchasing an additional 44,605 shares in the last quarter. Principal Financial Group Inc. boosted its stake in ANSYS by 1.3% in the fourth quarter. Principal Financial Group Inc. now owns 570,525 shares of the software maker’s stock worth $192,456,000 after purchasing an additional 7,098 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in ANSYS by 1.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 532,142 shares of the software maker’s stock worth $169,556,000 after purchasing an additional 8,706 shares in the last quarter. Institutional investors and hedge funds own 92.39% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. StockNews.com raised ANSYS from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. Rosenblatt Securities boosted their price objective on ANSYS from $335.00 to $340.00 and gave the stock a “neutral” rating in a research note on Friday, February 21st. Finally, Robert W. Baird boosted their price objective on ANSYS from $350.00 to $365.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th.

ANSYS Trading Up 1.4 %

ANSS stock opened at $327.78 on Thursday. The company has a market cap of $28.73 billion, a P/E ratio of 50.04, a PEG ratio of 3.48 and a beta of 1.11. ANSYS, Inc. has a twelve month low of $289.82 and a twelve month high of $363.03. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.12. The business has a fifty day moving average of $341.07 and a 200-day moving average of $333.76.

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

Insider Transactions at ANSYS

In related news, Director Glenda Dorchak sold 200 shares of the company’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $336.62, for a total value of $67,324.00. Following the completion of the sale, the director now owns 3,430 shares in the company, valued at approximately $1,154,606.60. This represents a 5.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.46% of the stock is currently owned by corporate insiders.

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.