ANSYS, Inc. (NASDAQ:ANSS) Shares Acquired by State of Alaska Department of Revenue

State of Alaska Department of Revenue increased its holdings in ANSYS, Inc. (NASDAQ:ANSS) by 2.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,243 shares of the software maker’s stock after acquiring an additional 270 shares during the quarter. State of Alaska Department of Revenue’s holdings in ANSYS were worth $3,242,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Quarry LP increased its holdings in shares of ANSYS by 1,550.0% in the 4th 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 period. NBC Securities Inc. acquired a new position in shares of ANSYS in the 1st quarter valued at $31,000. Assetmark Inc. increased its holdings in shares of ANSYS by 468.2% in the 4th 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 period. Millstone Evans Group LLC acquired a new position in shares of ANSYS in the 4th quarter valued at $42,000. Finally, Kapitalo Investimentos Ltda acquired a new position in shares of ANSYS in the 4th quarter valued at $43,000. 92.39% of the stock is owned by institutional investors and hedge funds.

ANSYS Stock Down 0.4%

Shares of ANSYS stock opened at $334.96 on Friday. The company has a market cap of $29.45 billion, a P/E ratio of 49.70, a PEG ratio of 3.44 and a beta of 1.19. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.66 and a current ratio of 3.66. ANSYS, Inc. has a one year low of $275.06 and a one year high of $363.03. The firm has a fifty day moving average of $330.41 and a two-hundred day moving average of $331.90.

ANSYS (NASDAQ:ANSS) last announced its quarterly earnings data on Wednesday, April 30th. The software maker reported $1.64 EPS for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.11). The firm had revenue of $504.89 million for the quarter, compared to analysts’ expectations of $516.81 million. ANSYS had a return on equity of 12.38% and a net margin of 22.95%. The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.39 EPS. On average, analysts forecast that ANSYS, Inc. will post 8.32 earnings per share for the current year.

Insider Transactions at ANSYS

In other news, Director Glenda Dorchak sold 200 shares of the company’s stock in a transaction on Monday, April 14th. The shares were sold at an average price of $300.01, for a total transaction of $60,002.00. Following the transaction, the director now directly owns 3,230 shares of the company’s stock, valued at $969,032.30. This represents a 5.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.61% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut shares of ANSYS from a “buy” rating to a “hold” rating in a research note on Wednesday, May 7th.

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.