ANSYS, Inc. (NASDAQ:ANSS) Shares Sold by Kentucky Retirement Systems

Kentucky Retirement Systems decreased its stake in ANSYS, Inc. (NASDAQ:ANSS) by 1.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,005 shares of the software maker’s stock after selling 83 shares during the period. Kentucky Retirement Systems’ holdings in ANSYS were worth $2,026,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of ANSS. Ameliora Wealth Management Ltd. purchased a new stake in ANSYS in the 4th quarter valued at $27,000. Intact Investment Management Inc. purchased a new stake in ANSYS in the 3rd quarter valued at $70,000. Allworth Financial LP raised its position in ANSYS by 33.7% in the 4th quarter. Allworth Financial LP now owns 258 shares of the software maker’s stock valued at $92,000 after purchasing an additional 65 shares during the last quarter. Brooklyn Investment Group purchased a new stake in ANSYS in the 3rd quarter valued at $119,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in ANSYS in the 3rd quarter valued at $174,000. Institutional investors and hedge funds own 92.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on ANSS shares. StockNews.com upgraded shares of ANSYS from a “hold” rating to a “buy” rating in a research report on Friday. Robert W. Baird increased their price target on shares of ANSYS from $350.00 to $365.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Finally, Rosenblatt Securities increased their price target on shares of ANSYS from $335.00 to $340.00 and gave the company a “neutral” rating in a report on Friday.

Insider Activity at ANSYS

In related news, Director Glenda Dorchak sold 200 shares of the stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $336.62, for a total value of $67,324.00. Following the sale, the director now directly owns 3,430 shares of the company’s stock, valued at approximately $1,154,606.60. This represents a 5.51 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.46% of the stock is owned by corporate insiders.

ANSYS Stock Performance

Shares of ANSS opened at $334.21 on Friday. The company has a market capitalization of $29.29 billion, a PE ratio of 51.02, a P/E/G ratio of 3.55 and a beta of 1.12. ANSYS, Inc. has a 52-week low of $289.82 and a 52-week high of $363.03. The company has a 50-day simple moving average of $342.69 and a 200-day simple moving average of $332.74. The company has a quick ratio of 3.11, a current ratio of 3.01 and a debt-to-equity ratio of 0.12.

ANSYS (NASDAQ:ANSS) last issued its quarterly earnings data on Wednesday, February 19th. The software maker reported $3.65 EPS for the quarter, missing analysts’ consensus estimates of $3.97 by ($0.32). The business had revenue of $882.17 million during the quarter, compared to analyst estimates of $864.46 million. ANSYS had a net margin of 22.62% and a return on equity of 12.69%. Equities research analysts predict that ANSYS, Inc. will post 8.32 earnings per share for the current fiscal year.

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.