Louisiana State Employees Retirement System Lowers Holdings in ANSYS, Inc. (NASDAQ:ANSS)

Louisiana State Employees Retirement System lowered its holdings in ANSYS, Inc. (NASDAQ:ANSS) by 1.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,600 shares of the software maker’s stock after selling 200 shares during the quarter. Louisiana State Employees Retirement System’s holdings in ANSYS were worth $3,696,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. DT Investment Partners LLC boosted its stake in ANSYS by 888.9% during the second quarter. DT Investment Partners LLC now owns 89 shares of the software maker’s stock worth $29,000 after buying an additional 80 shares during the period. Redwood Wealth Management Group LLC purchased a new position in shares of ANSYS during the 2nd quarter worth approximately $32,000. Rothschild Investment LLC acquired a new stake in ANSYS in the 2nd quarter valued at approximately $38,000. Bangor Savings Bank raised its position in ANSYS by 32.7% in the third quarter. Bangor Savings Bank now owns 138 shares of the software maker’s stock valued at $44,000 after purchasing an additional 34 shares during the period. Finally, DiNuzzo Private Wealth Inc. lifted its stake in ANSYS by 2,833.3% during the third quarter. DiNuzzo Private Wealth Inc. now owns 176 shares of the software maker’s stock worth $56,000 after purchasing an additional 170 shares in the last quarter. Institutional investors and hedge funds own 92.39% of the company’s stock.

Analyst Upgrades and Downgrades

ANSS has been the subject of several recent research reports. Rosenblatt Securities lowered their price objective on shares of ANSYS from $345.00 to $335.00 and set a “neutral” rating for the company in a research note on Tuesday, August 6th. StockNews.com assumed coverage on ANSYS in a research note on Sunday, September 22nd. They issued a “hold” rating for the company. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $318.33.

Insider Activity

In other 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 transaction, the director now directly owns 3,630 shares of the company’s stock, valued at $1,138,404.30. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.46% of the company’s stock.

ANSYS Price Performance

Shares of ANSS opened at $322.81 on Monday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.95 and a quick ratio of 2.95. ANSYS, Inc. has a 1-year low of $258.01 and a 1-year high of $364.31. The stock has a market cap of $28.18 billion, a PE ratio of 64.82, a price-to-earnings-growth ratio of 6.99 and a beta of 1.11. The firm has a fifty day moving average price of $320.38 and a 200 day moving average price of $321.71.

ANSYS (NASDAQ:ANSS) last posted its earnings results on Wednesday, July 31st. The software maker reported $2.50 earnings per share for the quarter, beating the consensus estimate of $1.92 by $0.58. The business had revenue of $594.14 million during the quarter, compared to the consensus estimate of $550.30 million. ANSYS had a return on equity of 11.51% and a net margin of 21.30%. The business’s quarterly revenue was up 19.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.06 EPS. As a group, sell-side analysts anticipate that ANSYS, Inc. will post 7.32 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.