Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 429 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS cut its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS) by 2.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 18,594 shares of the software maker’s stock after selling 429 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in ANSYS were worth $6,272,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Stock Yards Bank & Trust Co. raised its holdings in shares of ANSYS by 1.3% in the 4th quarter. Stock Yards Bank & Trust Co. now owns 2,275 shares of the software maker’s stock valued at $767,000 after purchasing an additional 30 shares during the period. Greenleaf Trust raised its holdings in shares of ANSYS by 0.9% in the 4th quarter. Greenleaf Trust now owns 3,651 shares of the software maker’s stock valued at $1,232,000 after purchasing an additional 32 shares during the period. Koshinski Asset Management Inc. raised its holdings in shares of ANSYS by 0.8% in the 4th quarter. Koshinski Asset Management Inc. now owns 4,367 shares of the software maker’s stock valued at $1,473,000 after purchasing an additional 34 shares during the period. BTC Capital Management Inc. raised its holdings in shares of ANSYS by 2.5% in 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 period. Finally, Summerhill Capital Management lnc. raised its holdings in shares of 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. 92.39% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $336.62, for a total transaction of $67,324.00. Following the transaction, the director now owns 3,430 shares in the company, valued at $1,154,606.60. This represents a 5.51 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.46% of the company’s stock.

Analysts Set New Price Targets

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

ANSYS Stock Down 0.1 %

ANSYS stock opened at $324.20 on Friday. The stock has a market cap of $28.42 billion, a P/E ratio of 49.50, a P/E/G ratio of 3.48 and a beta of 1.11. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.12. ANSYS, Inc. has a twelve month low of $289.82 and a twelve month high of $363.03. The company’s 50-day moving average price is $337.11 and its two-hundred day moving average price is $333.83.

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

About ANSYS

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.