Public Employees Retirement Association of Colorado Sells 202 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Public Employees Retirement Association of Colorado cut its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS) by 2.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,921 shares of the software maker’s stock after selling 202 shares during the period. Public Employees Retirement Association of Colorado’s holdings in ANSYS were worth $2,868,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Treasurer of the State of North Carolina lifted its stake in ANSYS by 11.1% during the fourth quarter. Treasurer of the State of North Carolina now owns 50,703 shares of the software maker’s stock worth $18,399,000 after purchasing an additional 5,055 shares during the last quarter. Evoke Wealth LLC bought a new stake in ANSYS during the fourth quarter worth $3,032,000. Sei Investments Co. lifted its stake in ANSYS by 18.6% during the fourth quarter. Sei Investments Co. now owns 423,106 shares of the software maker’s stock worth $153,537,000 after purchasing an additional 66,338 shares during the last quarter. Thematics Asset Management lifted its stake in ANSYS by 25.0% during the fourth quarter. Thematics Asset Management now owns 90,898 shares of the software maker’s stock worth $32,985,000 after purchasing an additional 18,173 shares during the last quarter. Finally, Icon Wealth Advisors LLC bought a new position in shares of ANSYS in the 4th quarter valued at $982,000. 92.39% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Glenda Dorchak sold 159 shares of the firm’s stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $330.81, for a total value of $52,598.79. Following the completion of the sale, the director now directly owns 3,782 shares in the company, valued at approximately $1,251,123.42. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.46% of the stock is currently owned by company insiders.

ANSYS Stock Performance

NASDAQ ANSS opened at $320.25 on Monday. The company has a market capitalization of $27.96 billion, a price-to-earnings ratio of 64.31, a PEG ratio of 6.80 and a beta of 1.12. ANSYS, Inc. has a twelve month low of $258.01 and a twelve month high of $364.31. The stock has a fifty day simple moving average of $315.72 and a 200 day simple moving average of $325.02. The company has a quick ratio of 2.95, a current ratio of 2.95 and a debt-to-equity ratio of 0.13.

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

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. KeyCorp assumed coverage on ANSYS in a research note on Thursday, June 27th. They issued a “sector weight” rating for the company. Rosenblatt Securities dropped their price target on ANSYS from $345.00 to $335.00 and set a “neutral” rating for the company in a research note on Tuesday, August 6th. Finally, StockNews.com assumed coverage on ANSYS in a research note on Sunday. They issued a “hold” rating for the company. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, ANSYS presently has a consensus rating of “Hold” and an average target price of $318.33.

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.