ANSYS, Inc. (NASDAQ:ANSS) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund lessened its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS) by 9.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 296,362 shares of the software maker’s stock after selling 29,182 shares during the quarter. New York State Common Retirement Fund owned approximately 0.34% of ANSYS worth $107,544,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ninety One North America Inc. boosted its stake in ANSYS by 49.3% during the 4th quarter. Ninety One North America Inc. now owns 29,863 shares of the software maker’s stock worth $10,837,000 after purchasing an additional 9,863 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in ANSYS by 7.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,195,065 shares of the software maker’s stock worth $355,592,000 after purchasing an additional 81,457 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its stake in ANSYS by 8.2% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 415,424 shares of the software maker’s stock worth $149,607,000 after purchasing an additional 31,579 shares during the last quarter. US Bancorp DE boosted its stake in ANSYS by 3.7% during the 3rd quarter. US Bancorp DE now owns 33,520 shares of the software maker’s stock worth $9,974,000 after purchasing an additional 1,198 shares during the last quarter. Finally, Sei Investments Co. boosted its stake in ANSYS by 4.5% during the 3rd quarter. Sei Investments Co. now owns 356,768 shares of the software maker’s stock worth $106,156,000 after purchasing an additional 15,333 shares during the last quarter. Institutional investors and hedge funds own 92.39% of the company’s stock.

ANSYS Trading Up 0.5 %

ANSS traded up $1.65 on Tuesday, hitting $326.46. The company had a trading volume of 44,665 shares, compared to its average volume of 693,892. The firm has a market cap of $28.50 billion, a P/E ratio of 56.90, a PEG ratio of 5.14 and a beta of 1.16. ANSYS, Inc. has a 1 year low of $258.01 and a 1 year high of $364.31. The company’s fifty day moving average price is $336.86 and its 200 day moving average price is $320.86. The company has a current ratio of 2.30, a quick ratio of 2.30 and a debt-to-equity ratio of 0.14.

ANSYS (NASDAQ:ANSS) last issued its quarterly earnings data on Wednesday, February 21st. The software maker reported $3.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.71 by $0.23. The firm had revenue of $805.10 million for the quarter, compared to analyst estimates of $797.49 million. ANSYS had a net margin of 22.05% and a return on equity of 11.83%. ANSYS’s revenue was up 15.9% on a year-over-year basis. During the same period in the previous year, the firm earned $2.61 EPS. As a group, equities analysts expect that ANSYS, Inc. will post 7.26 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have issued reports on ANSS. StockNews.com started coverage on shares of ANSYS in a research note on Tuesday. They set a “hold” rating on the stock. Mizuho reduced their price target on ANSYS from $350.00 to $330.00 and set a “neutral” rating on the stock in a report on Wednesday, January 17th. Barclays lifted their price target on ANSYS from $314.00 to $340.00 and gave the stock an “underweight” rating in a report on Thursday, February 22nd. Wolfe Research reiterated a “peer perform” rating on shares of ANSYS in a report on Wednesday, January 17th. Finally, Rosenblatt Securities reiterated a “neutral” rating and set a $345.00 price target on shares of ANSYS in a report on Tuesday, March 5th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $323.86.

Insiders Place Their Bets

In other ANSYS news, Director Glenda Dorchak sold 150 shares of the business’s stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $342.08, for a total transaction of $51,312.00. Following the sale, the director now directly owns 3,049 shares in the company, valued at $1,043,001.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.53% of the company’s stock.

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.