Oregon Public Employees Retirement Fund Increases Stock Position in ANSYS, Inc. (NASDAQ:ANSS)

Oregon Public Employees Retirement Fund grew its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) by 0.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,494 shares of the software maker’s stock after acquiring an additional 58 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in ANSYS were worth $2,528,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of ANSS. D1 Capital Partners L.P. bought a new position in shares of ANSYS during the third quarter valued at $73,345,000. State Street Corp increased its holdings in shares of ANSYS by 3.0% during the third quarter. State Street Corp now owns 3,703,249 shares of the software maker’s stock valued at $1,179,966,000 after acquiring an additional 106,187 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of ANSYS by 34.9% during the third quarter. JPMorgan Chase & Co. now owns 386,708 shares of the software maker’s stock valued at $123,217,000 after acquiring an additional 100,042 shares in the last quarter. CCLA Investment Management increased its holdings in shares of ANSYS by 11.9% during the fourth quarter. CCLA Investment Management now owns 445,891 shares of the software maker’s stock valued at $150,381,000 after acquiring an additional 47,331 shares in the last quarter. Finally, Impax Asset Management Group plc increased its holdings in shares of ANSYS by 8.0% during the third quarter. Impax Asset Management Group plc now owns 603,394 shares of the software maker’s stock valued at $192,259,000 after acquiring an additional 44,605 shares in the last quarter. 92.39% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other ANSYS news, Director Glenda Dorchak sold 200 shares of ANSYS stock in a transaction that occurred on Monday, January 13th. The shares were 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 owns 3,430 shares of the company’s stock, valued at approximately $1,154,606.60. The trade was a 5.51 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.46% of the stock is currently owned by insiders.

ANSYS Trading Down 0.6 %

NASDAQ:ANSS opened at $330.37 on Friday. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 0.12. ANSYS, Inc. has a 12 month low of $289.82 and a 12 month high of $363.03. The company has a market cap of $28.96 billion, a PE ratio of 50.44, a price-to-earnings-growth ratio of 3.48 and a beta of 1.12. The company has a 50 day simple moving average of $342.14 and a two-hundred day simple moving average of $333.46.

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

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. StockNews.com upgraded ANSYS from a “hold” rating to a “buy” rating in a report on Friday, February 21st. Rosenblatt Securities lifted their price objective on ANSYS from $335.00 to $340.00 and gave the stock a “neutral” rating in a report on Friday, February 21st. Finally, Robert W. Baird upped their target price on shares of ANSYS from $350.00 to $365.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th.

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.