State of Alaska Department of Revenue Trims Stake in ANSYS, Inc. (NASDAQ:ANSS)

State of Alaska Department of Revenue cut its stake in ANSYS, Inc. (NASDAQ:ANSS) by 13.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,187 shares of the software maker’s stock after selling 2,785 shares during the period. State of Alaska Department of Revenue’s holdings in ANSYS were worth $6,313,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of ANSS. CVA Family Office LLC purchased a new position in shares of ANSYS in the 4th quarter valued at approximately $28,000. Quest Partners LLC bought a new position in ANSYS in the fourth quarter worth $29,000. DSM Capital Partners LLC purchased a new position in ANSYS during the fourth quarter valued at $34,000. Raleigh Capital Management Inc. boosted its holdings in shares of ANSYS by 135.7% during the 3rd quarter. Raleigh Capital Management Inc. now owns 99 shares of the software maker’s stock valued at $29,000 after buying an additional 57 shares in the last quarter. Finally, Core Wealth Advisors Inc. purchased a new stake in shares of ANSYS in the 4th quarter worth about $40,000. 92.39% of the stock is owned by institutional investors.

ANSYS Stock Down 0.0 %

ANSYS stock opened at $326.95 on Thursday. The firm has a market cap of $28.54 billion, a price-to-earnings ratio of 65.65, a PEG ratio of 7.28 and a beta of 1.11. The company has a current ratio of 2.80, a quick 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 stock has a fifty day simple moving average of $324.88 and a two-hundred day simple moving average of $333.37.

ANSYS (NASDAQ:ANSS) last issued its earnings results on Wednesday, May 1st. The software maker reported $1.39 earnings per share 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 business had revenue of $466.60 million during the quarter, compared to analysts’ expectations of $549.85 million. During the same period last year, the firm posted $1.45 EPS. ANSYS’s quarterly revenue was down 8.4% compared to the same quarter last year. Equities analysts predict that ANSYS, Inc. will post 7.05 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ANSS. StockNews.com began coverage on shares of ANSYS in a research report on Thursday. They set a “hold” rating for the company. 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. Finally, KeyCorp initiated coverage on ANSYS in a research note on Thursday, June 27th. They issued a “sector weight” rating on the stock. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $320.00.

Insiders Place Their Bets

In other news, Director Glenda Dorchak sold 150 shares of the firm’s stock in a transaction on Monday, April 8th. The stock was sold at an average price of $342.08, for a total value of $51,312.00. Following the transaction, the director now directly owns 3,049 shares in the company, valued at approximately $1,043,001.92. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.46% of the stock is currently owned by insiders.

ANSYS 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.