Retirement Systems of Alabama Sells 310 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Retirement Systems of Alabama lowered its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) by 1.6% during the third quarter, Holdings Channel.com reports. The institutional investor owned 18,947 shares of the software maker’s stock after selling 310 shares during the quarter. Retirement Systems of Alabama’s holdings in ANSYS were worth $6,037,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. State Street Corp raised its stake in ANSYS by 3.0% during the 3rd quarter. State Street Corp now owns 3,703,249 shares of the software maker’s stock worth $1,179,966,000 after buying an additional 106,187 shares during the period. Geode Capital Management LLC increased its holdings in shares of ANSYS by 1.7% in the third quarter. Geode Capital Management LLC now owns 2,305,554 shares of the software maker’s stock worth $732,672,000 after acquiring an additional 37,577 shares in the last quarter. Earnest Partners LLC raised its position in shares of ANSYS by 2.5% during the second quarter. Earnest Partners LLC now owns 607,029 shares of the software maker’s stock worth $195,160,000 after purchasing an additional 15,012 shares during the period. Impax Asset Management Group plc lifted its holdings in shares of ANSYS by 8.0% during the 3rd quarter. Impax Asset Management Group plc now owns 603,394 shares of the software maker’s stock valued at $192,259,000 after purchasing an additional 44,605 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of ANSYS by 1.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 532,142 shares of the software maker’s stock valued at $169,556,000 after purchasing an additional 8,706 shares during the period. 92.39% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ANSS has been the topic of a number of research reports. Robert W. Baird lifted their price target 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. StockNews.com upgraded shares of ANSYS from a “hold” rating to a “buy” rating in a report on Monday, December 9th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $342.50.

ANSYS Stock Down 2.7 %

Shares of ANSYS stock opened at $333.70 on Thursday. ANSYS, Inc. has a 52-week low of $289.82 and a 52-week high of $364.31. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.11 and a current ratio of 3.11. The business’s 50 day simple moving average is $337.53 and its 200 day simple moving average is $325.59. The firm has a market cap of $29.18 billion, a PE ratio of 51.50, a P/E/G ratio of 3.89 and a beta of 1.10.

Insider Activity

In other ANSYS news, Director Glenda Dorchak sold 152 shares of ANSYS stock in a transaction on Monday, October 7th. The shares were sold at an average price of $313.61, for a total value of $47,668.72. Following the sale, the director now directly owns 3,630 shares in the company, valued at approximately $1,138,404.30. The trade was a 4.02 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.46% of the stock is owned by corporate insiders.

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.