Treasurer of the State of North Carolina Buys 240 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Treasurer of the State of North Carolina raised its stake in ANSYS, Inc. (NASDAQ:ANSS) by 0.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 38,367 shares of the software maker’s stock after purchasing an additional 240 shares during the period. Treasurer of the State of North Carolina’s holdings in ANSYS were worth $12,942,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Stock Yards Bank & Trust Co. raised its position in shares of ANSYS by 1.3% during the fourth quarter. Stock Yards Bank & Trust Co. now owns 2,275 shares of the software maker’s stock worth $767,000 after purchasing an additional 30 shares during the period. Greenleaf Trust increased its stake in ANSYS by 0.9% during the 4th quarter. Greenleaf Trust now owns 3,651 shares of the software maker’s stock valued at $1,232,000 after purchasing an additional 32 shares in the last quarter. Koshinski Asset Management Inc. raised its holdings in ANSYS by 0.8% during the fourth quarter. Koshinski Asset Management Inc. now owns 4,367 shares of the software maker’s stock worth $1,473,000 after buying an additional 34 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. lifted its stake in shares of ANSYS by 2.8% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,298 shares of the software maker’s stock valued at $438,000 after buying an additional 35 shares in the last quarter. Finally, BTC Capital Management Inc. grew its holdings in shares of ANSYS by 2.5% during the fourth quarter. BTC Capital Management Inc. now owns 1,499 shares of the software maker’s stock valued at $506,000 after buying an additional 36 shares during the last quarter. Institutional investors and hedge funds own 92.39% of the company’s stock.

Insider Activity

In related news, Director Glenda Dorchak sold 200 shares of the stock in a transaction dated Monday, January 13th. The shares were 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 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. StockNews.com downgraded ANSYS from a “buy” rating to a “hold” rating in a research note on Friday, March 21st. Rosenblatt Securities upped their price target on ANSYS from $335.00 to $340.00 and gave the stock a “neutral” rating in a report on Friday, February 21st.

ANSYS Trading Down 0.1 %

Shares of ANSS stock opened at $296.31 on Friday. 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 company has a market capitalization of $25.97 billion, a price-to-earnings ratio of 45.24, a PEG ratio of 3.48 and a beta of 1.20. ANSYS, Inc. has a 52-week low of $275.06 and a 52-week high of $363.03. The company has a 50-day simple moving average of $323.28 and a two-hundred day simple moving average of $332.78.

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

ANSYS 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.