Mutual of America Capital Management LLC Has $3.54 Million Stock Position in ANSYS, Inc. (NASDAQ:ANSS)

Mutual of America Capital Management LLC reduced its position in ANSYS, Inc. (NASDAQ:ANSS) by 3.4% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 11,007 shares of the software maker’s stock after selling 389 shares during the period. Mutual of America Capital Management LLC’s holdings in ANSYS were worth $3,539,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Wedmont Private Capital increased its stake in shares of ANSYS by 1.3% in the 1st quarter. Wedmont Private Capital now owns 2,260 shares of the software maker’s stock valued at $779,000 after buying an additional 30 shares during the period. Benjamin F. Edwards & Company Inc. increased its stake in shares of ANSYS by 3.7% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 897 shares of the software maker’s stock valued at $311,000 after buying an additional 32 shares during the period. Personal CFO Solutions LLC grew its stake in shares of ANSYS by 2.6% during the fourth quarter. Personal CFO Solutions LLC now owns 1,359 shares of the software maker’s stock worth $493,000 after purchasing an additional 34 shares during the period. Wasatch Advisors LP grew its stake in shares of ANSYS by 1.8% during the first quarter. Wasatch Advisors LP now owns 2,082 shares of the software maker’s stock worth $723,000 after purchasing an additional 36 shares during the period. Finally, Fulton Bank N.A. grew its stake in shares of ANSYS by 3.8% during the first quarter. Fulton Bank N.A. now owns 1,091 shares of the software maker’s stock worth $379,000 after purchasing an additional 40 shares during the period. 92.39% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Glenda Dorchak sold 159 shares of the company’s stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $330.81, for a total transaction of $52,598.79. Following the sale, the director now owns 3,782 shares in the company, valued at $1,251,123.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.46% of the stock is currently owned by corporate insiders.

ANSYS Stock Performance

Shares of ANSYS stock opened at $321.27 on Tuesday. The firm has a market cap of $28.05 billion, a price-to-earnings ratio of 64.51, a price-to-earnings-growth ratio of 6.80 and a beta of 1.12. The stock’s 50-day moving average is $315.60 and its 200-day moving average is $324.89. ANSYS, Inc. has a one year low of $258.01 and a one year high of $364.31. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.95 and a quick ratio of 2.95.

ANSYS (NASDAQ:ANSS) last issued its quarterly earnings results on Wednesday, July 31st. The software maker reported $2.50 EPS for the quarter, beating analysts’ consensus estimates of $1.92 by $0.58. The company had revenue of $594.14 million for the quarter, compared to analyst estimates of $550.30 million. ANSYS had a return on equity of 11.51% and a net margin of 21.30%. The company’s quarterly revenue was up 19.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.06 earnings per share. Equities analysts predict that ANSYS, Inc. will post 7.32 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently commented on ANSS shares. StockNews.com started coverage on ANSYS in a research note on Sunday. They set a “hold” rating for the company. Rosenblatt Securities decreased their price objective on ANSYS from $345.00 to $335.00 and set a “neutral” rating for the company in a research note on Tuesday, August 6th. Finally, KeyCorp began coverage on ANSYS in a research note on Thursday, June 27th. They issued a “sector weight” rating for the company. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, ANSYS has a consensus rating of “Hold” and an average target price of $318.33.

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.