ANSYS, Inc. (NASDAQ:ANSS) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System decreased its position in ANSYS, Inc. (NASDAQ:ANSS) by 1.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 406,113 shares of the software maker’s stock after selling 6,919 shares during the period. California Public Employees Retirement System’s holdings in ANSYS were worth $136,994,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in ANSS. Townsquare Capital LLC increased its position in ANSYS by 7.4% in the 3rd quarter. Townsquare Capital LLC now owns 4,595 shares of the software maker’s stock valued at $1,464,000 after acquiring an additional 318 shares during the period. Glenmede Trust Co. NA grew its stake in shares of ANSYS by 2.1% in the third quarter. Glenmede Trust Co. NA now owns 2,973 shares of the software maker’s stock worth $947,000 after purchasing an additional 61 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of ANSYS by 24.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 42,704 shares of the software maker’s stock valued at $13,607,000 after purchasing an additional 8,521 shares during the period. Public Sector Pension Investment Board raised its stake in shares of ANSYS by 14.9% during the third quarter. Public Sector Pension Investment Board now owns 3,847 shares of the software maker’s stock valued at $1,226,000 after purchasing an additional 500 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec lifted its holdings in ANSYS by 29.1% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 16,100 shares of the software maker’s stock worth $5,130,000 after purchasing an additional 3,625 shares during the period. Institutional investors and hedge funds own 92.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on ANSS. Rosenblatt Securities raised their target price on shares of ANSYS from $335.00 to $340.00 and gave the company a “neutral” rating in a research note on Friday, February 21st. StockNews.com cut shares of ANSYS from a “buy” rating to a “hold” rating in a report on Friday, March 21st.

Insider Activity at ANSYS

In related news, Director Glenda Dorchak sold 200 shares of ANSYS 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 transaction, the director now directly owns 3,430 shares in the company, valued at $1,154,606.60. The trade was a 5.51 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.46% of the company’s stock.

ANSYS Stock Down 1.6 %

ANSS opened at $316.89 on Monday. The stock’s fifty day moving average is $335.12 and its 200-day moving average is $334.46. ANSYS, Inc. has a one year low of $289.82 and a one year high of $363.03. The company has a market capitalization of $27.78 billion, a PE ratio of 48.38, a P/E/G ratio of 3.48 and a beta of 1.11. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.01 and a current ratio of 3.01.

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

ANSYS 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.