Arizona State Retirement System Purchases 338 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Arizona State Retirement System lifted its holdings in ANSYS, Inc. (NASDAQ:ANSS) by 1.4% during the fourth quarter, HoldingsChannel reports. The firm owned 25,350 shares of the software maker’s stock after purchasing an additional 338 shares during the period. Arizona State Retirement System’s holdings in ANSYS were worth $8,551,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in ANSS. Stock Yards Bank & Trust Co. increased its position in ANSYS by 1.3% in the 4th quarter. Stock Yards Bank & Trust Co. now owns 2,275 shares of the software maker’s stock worth $767,000 after buying an additional 30 shares during the period. Greenleaf Trust grew its stake in shares of ANSYS by 0.9% in the fourth quarter. Greenleaf Trust now owns 3,651 shares of the software maker’s stock worth $1,232,000 after acquiring an additional 32 shares during the last quarter. Koshinski Asset Management Inc. increased its position in ANSYS by 0.8% during the fourth quarter. Koshinski Asset Management Inc. now owns 4,367 shares of the software maker’s stock worth $1,473,000 after acquiring an additional 34 shares during the period. BTC Capital Management Inc. raised its stake in ANSYS by 2.5% during the 4th quarter. BTC Capital Management Inc. now owns 1,499 shares of the software maker’s stock valued at $506,000 after purchasing an additional 36 shares during the last quarter. Finally, Summerhill Capital Management lnc. boosted its holdings in ANSYS by 0.6% in the 4th quarter. Summerhill Capital Management lnc. now owns 6,139 shares of the software maker’s stock valued at $2,071,000 after purchasing an additional 36 shares during the period. Institutional investors and hedge funds own 92.39% of the company’s stock.

Analysts Set New Price Targets

ANSS has been the subject of a number of research analyst reports. StockNews.com raised shares of ANSYS from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. Rosenblatt Securities upped their price target on ANSYS from $335.00 to $340.00 and gave the company a “neutral” rating in a report on Friday, February 21st.

Insider Activity

In related news, Director Glenda Dorchak sold 200 shares of the business’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 sale, the director now owns 3,430 shares of the company’s stock, valued at $1,154,606.60. The trade was a 5.51 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.46% of the company’s stock.

ANSYS Trading Up 0.1 %

Shares of ANSYS stock opened at $325.61 on Friday. ANSYS, Inc. has a 52-week low of $289.82 and a 52-week high of $363.03. The firm has a market capitalization of $28.54 billion, a PE ratio of 49.71, a price-to-earnings-growth ratio of 3.48 and a beta of 1.11. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.01 and a quick ratio of 3.01. The company’s fifty day moving average price is $340.49 and its two-hundred day moving average price is $333.69.

ANSYS (NASDAQ:ANSS) last posted its earnings results on Wednesday, February 19th. The software maker reported $3.65 earnings per share 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 the consensus estimate of $864.46 million. ANSYS had a net margin of 22.62% and a return on equity of 12.69%. On average, analysts expect that ANSYS, Inc. will post 8.32 EPS for the current year.

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.