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

Public Employees Retirement System of Ohio decreased its holdings in ANSYS, Inc. (NASDAQ:ANSS) by 8.6% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 33,230 shares of the software maker’s stock after selling 3,133 shares during the period. Public Employees Retirement System of Ohio’s holdings in ANSYS were worth $11,536,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Schechter Investment Advisors LLC acquired a new position in shares of ANSYS during the fourth quarter worth approximately $230,000. Global Retirement Partners LLC lifted its stake in ANSYS by 19.2% in the fourth quarter. Global Retirement Partners LLC now owns 311 shares of the software maker’s stock valued at $113,000 after buying an additional 50 shares during the period. ICICI Prudential Asset Management Co Ltd raised its position in shares of ANSYS by 9.2% during the fourth quarter. ICICI Prudential Asset Management Co Ltd now owns 843 shares of the software maker’s stock worth $306,000 after purchasing an additional 71 shares during the period. Fifth Third Bancorp raised its position in shares of ANSYS by 2.2% during the fourth quarter. Fifth Third Bancorp now owns 16,034 shares of the software maker’s stock worth $5,818,000 after purchasing an additional 352 shares during the period. Finally, Wendell David Associates Inc. acquired a new stake in shares of ANSYS during the fourth quarter worth about $200,000. Hedge funds and other institutional investors own 92.39% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ANSS. Rosenblatt Securities restated a “neutral” rating and issued a $345.00 price target on shares of ANSYS in a research note on Friday, May 3rd. StockNews.com assumed coverage on ANSYS in a research note on Sunday. They set a “hold” rating for the company. Finally, KeyCorp started coverage on ANSYS in a research note on Thursday, June 27th. They set a “sector weight” rating for the company. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $320.00.

ANSYS Stock Down 0.8 %

ANSS stock traded down $2.53 during mid-day trading on Monday, reaching $309.73. 182,504 shares of the company traded hands, compared to its average volume of 590,431. ANSYS, Inc. has a fifty-two week low of $258.01 and a fifty-two week high of $364.31. The firm’s 50 day moving average price is $323.68 and its 200 day moving average price is $330.88. The company has a quick ratio of 2.80, a current ratio of 2.80 and a debt-to-equity ratio of 0.14. The stock has a market cap of $27.04 billion, a price-to-earnings ratio of 62.70, a P/E/G ratio of 6.95 and a beta of 1.11.

ANSYS (NASDAQ:ANSS) last posted its quarterly earnings results on Wednesday, May 1st. The software maker reported $1.39 EPS for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.54). ANSYS had a return on equity of 10.45% and a net margin of 19.51%. The company had revenue of $466.60 million during the quarter, compared to the consensus estimate of $549.85 million. During the same period last year, the firm posted $1.45 EPS. The company’s revenue for the quarter was down 8.4% compared to the same quarter last year. As a group, equities research analysts predict that ANSYS, Inc. will post 7.05 EPS for the current fiscal year.

Insider Activity

In related news, Director Glenda Dorchak sold 159 shares of the company’s stock in a transaction on Monday, July 8th. The shares were sold at an average price of $330.81, for a total value of $52,598.79. Following the completion of the transaction, the director now directly owns 3,782 shares in the company, valued at $1,251,123.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.46% of the company’s stock.

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.