Louisiana State Employees Retirement System Sells 500 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Louisiana State Employees Retirement System lowered its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) by 4.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 11,100 shares of the software maker’s stock after selling 500 shares during the period. Louisiana State Employees Retirement System’s holdings in ANSYS were worth $3,744,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Ameliora Wealth Management Ltd. purchased a new position in shares of ANSYS during the fourth quarter valued at approximately $27,000. DiNuzzo Private Wealth Inc. lifted its stake in ANSYS by 2,833.3% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 176 shares of the software maker’s stock valued at $56,000 after acquiring an additional 170 shares in the last quarter. Intact Investment Management Inc. purchased a new position in ANSYS during the 3rd quarter worth $70,000. Brooklyn Investment Group purchased a new position in ANSYS during the 3rd quarter worth $119,000. Finally, Asset Dedication LLC grew its stake in shares of ANSYS by 35.1% in the 3rd quarter. Asset Dedication LLC now owns 385 shares of the software maker’s stock worth $123,000 after acquiring an additional 100 shares in the last quarter. 92.39% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at $1,154,606.60. This trade represents a 5.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.46% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on ANSS. Robert W. Baird boosted their price target on shares of ANSYS from $350.00 to $365.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. StockNews.com downgraded ANSYS from a “buy” rating to a “hold” rating in a research note on Monday, January 6th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, ANSYS currently has an average rating of “Hold” and a consensus price target of $346.67.

ANSYS Price Performance

Shares of NASDAQ:ANSS opened at $334.12 on Thursday. The company has a market capitalization of $29.22 billion, a P/E ratio of 51.56, a price-to-earnings-growth ratio of 3.61 and a beta of 1.12. The company’s 50-day moving average is $343.85 and its 200 day moving average is $331.33. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.11 and a current ratio of 3.11. ANSYS, Inc. has a fifty-two week low of $289.82 and a fifty-two week high of $363.03.

About ANSYS

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.