State of New Jersey Common Pension Fund D Has $10.10 Million Stock Position in ANSYS, Inc. (NASDAQ:ANSS)

State of New Jersey Common Pension Fund D reduced its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) by 34.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 31,410 shares of the software maker’s stock after selling 16,762 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in ANSYS were worth $10,098,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Headlands Technologies LLC grew its holdings in shares of ANSYS by 32.1% during the second quarter. Headlands Technologies LLC now owns 13,240 shares of the software maker’s stock worth $4,257,000 after purchasing an additional 3,215 shares during the last quarter. Coldstream Capital Management Inc. increased its stake in ANSYS by 2.6% during the 2nd quarter. Coldstream Capital Management Inc. now owns 1,955 shares of the software maker’s stock valued at $629,000 after purchasing an additional 49 shares in the last quarter. Malaga Cove Capital LLC lifted its stake in shares of ANSYS by 39.7% in the second quarter. Malaga Cove Capital LLC now owns 1,164 shares of the software maker’s stock valued at $374,000 after buying an additional 331 shares in the last quarter. Daiwa Securities Group Inc. lifted its position in ANSYS by 9.2% in the 2nd quarter. Daiwa Securities Group Inc. now owns 14,471 shares of the software maker’s stock valued at $4,652,000 after acquiring an additional 1,223 shares in the last quarter. Finally, Dorsey & Whitney Trust CO LLC purchased a new position in shares of ANSYS during the second quarter valued at approximately $211,000. Institutional investors own 92.39% of the company’s stock.

Insiders Place Their Bets

In other news, Director Glenda Dorchak sold 159 shares of the firm’s stock in a transaction on Monday, July 8th. The stock was sold at an average price of $330.81, for a total value of $52,598.79. Following the transaction, the director now directly owns 3,782 shares in the company, valued at approximately $1,251,123.42. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.46% of the stock is currently owned by insiders.

ANSYS Stock Performance

NASDAQ ANSS opened at $318.51 on Friday. The company has a market capitalization of $27.81 billion, a P/E ratio of 63.96, a P/E/G ratio of 6.80 and a beta of 1.12. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.95 and a current ratio of 2.95. ANSYS, Inc. has a 52-week low of $258.01 and a 52-week high of $364.31. The company has a fifty day moving average of $316.75 and a 200-day moving average of $325.69.

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

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Rosenblatt Securities dropped their price objective on ANSYS from $345.00 to $335.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 6th. KeyCorp assumed coverage on ANSYS in a research report on Thursday, June 27th. They issued a “sector weight” rating for the company. Finally, StockNews.com assumed coverage on shares of ANSYS in a research report on Saturday. They issued a “hold” rating on the stock. Two 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, the company currently has an average 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.