Teacher Retirement System of Texas Makes New $276,000 Investment in ANSYS, Inc. (NASDAQ:ANSS)

Teacher Retirement System of Texas bought a new stake in ANSYS, Inc. (NASDAQ:ANSS) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 818 shares of the software maker’s stock, valued at approximately $276,000.

Other hedge funds have also modified their holdings of the company. Stock Yards Bank & Trust Co. raised its stake 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 valued at $767,000 after purchasing an additional 30 shares during the period. Greenleaf Trust grew its holdings 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. increased its stake in ANSYS by 0.8% during the 4th 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 period. BTC Capital Management Inc. lifted its holdings in ANSYS by 2.5% in the 4th quarter. BTC Capital Management Inc. now owns 1,499 shares of the software maker’s stock worth $506,000 after buying an additional 36 shares in the last quarter. Finally, Summerhill Capital Management lnc. lifted its holdings in ANSYS by 0.6% in the 4th quarter. Summerhill Capital Management lnc. now owns 6,139 shares of the software maker’s stock worth $2,071,000 after buying an additional 36 shares in the last quarter. 92.39% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at ANSYS

In other news, Director Glenda Dorchak sold 200 shares of the business’s stock in a transaction that occurred on 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 directly owns 3,430 shares in the company, valued at approximately $1,154,606.60. The trade was a 5.51 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.46% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

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

ANSYS Trading Up 1.3 %

ANSS opened at $320.79 on Wednesday. ANSYS, Inc. has a 12-month low of $289.82 and a 12-month high of $363.03. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.01 and a quick ratio of 3.01. The stock has a market capitalization of $28.12 billion, a PE ratio of 48.98, a P/E/G ratio of 3.48 and a beta of 1.11. The firm’s fifty day moving average price is $333.83 and its 200 day moving average price is $334.45.

ANSYS (NASDAQ:ANSS) last issued its earnings results on Wednesday, February 19th. The software maker reported $3.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $864.46 million. As a group, research analysts expect 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.