Mutual of America Capital Management LLC Sells 286 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Mutual of America Capital Management LLC reduced its holdings in ANSYS, Inc. (NASDAQ:ANSS) by 2.7% in the 4th quarter, according to its most recent disclosure 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 reporting period.

Several other large investors also recently modified their holdings of ANSS. Proficio Capital Partners LLC bought a new stake in shares of ANSYS in the fourth quarter worth about $119,140,000. D1 Capital Partners L.P. bought a new stake in shares of ANSYS in the third quarter worth about $73,345,000. State Street Corp increased its holdings in shares of ANSYS by 3.0% in the third quarter. State Street Corp now owns 3,703,249 shares of the software maker’s stock worth $1,179,966,000 after acquiring an additional 106,187 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of ANSYS by 34.9% during the third quarter. JPMorgan Chase & Co. now owns 386,708 shares of the software maker’s stock worth $123,217,000 after buying an additional 100,042 shares during the period. Finally, CCLA Investment Management boosted its position in shares of ANSYS by 11.9% during the fourth quarter. CCLA Investment Management now owns 445,891 shares of the software maker’s stock worth $150,381,000 after buying an additional 47,331 shares during the period. 92.39% of the stock is currently owned by institutional investors.

Insider Activity at ANSYS

In related news, Director Glenda Dorchak sold 200 shares of the stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $336.62, for a total transaction of $67,324.00. Following the completion of the transaction, the director now directly owns 3,430 shares of the company’s stock, valued at approximately $1,154,606.60. This represents a 5.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.46% of the company’s stock.

ANSYS Stock Performance

Shares of NASDAQ ANSS opened at $327.78 on Thursday. The stock has a 50 day moving average price of $341.07 and a 200 day moving average price of $333.76. ANSYS, Inc. has a 52 week low of $289.82 and a 52 week high of $363.03. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.01 and a current ratio of 3.01. The stock has a market capitalization of $28.73 billion, a PE ratio of 50.04, a price-to-earnings-growth ratio of 3.48 and a beta of 1.11.

ANSYS (NASDAQ:ANSS) last issued its quarterly earnings results on Wednesday, February 19th. The software maker reported $3.65 EPS for the quarter, missing the consensus estimate of $3.97 by ($0.32). ANSYS had a net margin of 22.62% and a return on equity of 12.69%. The company had revenue of $882.17 million for the quarter, compared to analyst estimates of $864.46 million. Analysts predict that ANSYS, Inc. will post 8.32 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ANSS. Rosenblatt Securities upped their price objective on ANSYS from $335.00 to $340.00 and gave the stock a “neutral” rating in a research report on Friday, February 21st. Robert W. Baird upped their price objective on ANSYS from $350.00 to $365.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Finally, StockNews.com raised ANSYS from a “hold” rating to a “buy” rating in a research report on Friday, February 21st.

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.