Public Employees Retirement Association of Colorado Has $3.17 Million Position in ANSYS, Inc. (NASDAQ:ANSS)

Public Employees Retirement Association of Colorado lowered its position in shares of ANSYS, Inc. (NASDAQ:ANSS) by 87.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,123 shares of the software maker’s stock after selling 63,567 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in ANSYS were worth $3,167,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of ANSYS in the fourth quarter valued at approximately $282,329,000. M&G Plc bought a new stake in shares of ANSYS in the first quarter worth $115,922,000. Point72 Asset Management L.P. lifted its position in shares of ANSYS by 210.1% in the fourth quarter. Point72 Asset Management L.P. now owns 325,000 shares of the software maker’s stock worth $117,936,000 after purchasing an additional 220,200 shares in the last quarter. Magnetar Financial LLC bought a new stake in ANSYS during the first quarter worth $72,797,000. Finally, TOMS Capital Investment Management LP bought a new stake in ANSYS during the fourth quarter worth $53,647,000. Institutional investors and hedge funds own 92.39% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on ANSS shares. StockNews.com started coverage on shares of ANSYS in a research report on Sunday. They set a “hold” rating on the stock. KeyCorp started coverage on shares of ANSYS in a research report on Thursday, June 27th. They set a “sector weight” rating on the stock. Finally, Rosenblatt Securities reaffirmed a “neutral” rating and set a $345.00 price target on shares of ANSYS in a research report on Friday, May 3rd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $320.00.

Insider Transactions at ANSYS

In other news, Director Glenda Dorchak sold 159 shares of the stock in a transaction dated 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 owns 3,782 shares of the company’s stock, valued at $1,251,123.42. The transaction 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 Trading Down 0.8 %

Shares of ANSYS stock opened at $309.64 on Tuesday. The company has a market capitalization of $27.03 billion, a price-to-earnings ratio of 62.18, a PEG ratio of 6.95 and a beta of 1.11. The company has a quick ratio of 2.80, a current ratio of 2.80 and a debt-to-equity ratio of 0.14. ANSYS, Inc. has a 12-month low of $258.01 and a 12-month high of $364.31. The firm’s 50-day moving average price is $323.30 and its two-hundred day moving average price is $330.54.

ANSYS (NASDAQ:ANSS) last announced its quarterly earnings data on Wednesday, May 1st. The software maker reported $1.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.54). The firm had revenue of $466.60 million for the quarter, compared to analyst estimates of $549.85 million. ANSYS had a return on equity of 10.45% and a net margin of 19.51%. The company’s quarterly revenue was down 8.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.45 earnings per share. On average, analysts forecast that ANSYS, Inc. will post 7.05 earnings per share for the current fiscal 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.