Teachers Retirement System of The State of Kentucky Has $2.22 Million Holdings in ANSYS, Inc. (NASDAQ:ANSS)

Teachers Retirement System of The State of Kentucky lowered its position in ANSYS, Inc. (NASDAQ:ANSS) by 2.8% during the second quarter, according to its most recent filing with the SEC. The firm owned 6,901 shares of the software maker’s stock after selling 198 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in ANSYS were worth $2,219,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. EP Wealth Advisors LLC bought a new position in ANSYS during the second quarter worth $227,000. Ecofi Investissements SA bought a new position in shares of ANSYS in the 2nd quarter worth about $9,270,000. Regal Investment Advisors LLC raised its position in shares of ANSYS by 43.9% in the 2nd quarter. Regal Investment Advisors LLC now owns 1,301 shares of the software maker’s stock worth $418,000 after acquiring an additional 397 shares in the last quarter. Wellington Wealth Strategies LLC. acquired a new position in shares of ANSYS in the 2nd quarter valued at about $238,000. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of ANSYS by 4.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,720 shares of the software maker’s stock valued at $1,839,000 after purchasing an additional 239 shares in the last quarter. 92.39% of the stock is owned by institutional investors.

ANSYS Stock Up 0.8 %

ANSS stock opened at $315.73 on Friday. The firm has a market capitalization of $27.56 billion, a PE ratio of 63.40, a P/E/G ratio of 6.89 and a beta of 1.11. 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, Inc. has a twelve month low of $258.01 and a twelve month high of $364.31. The stock’s 50 day moving average is $315.97 and its 200-day moving average is $324.14.

ANSYS (NASDAQ:ANSS) last issued its quarterly earnings data 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. ANSYS had a return on equity of 11.51% and a net margin of 21.30%. The business had revenue of $594.14 million for the quarter, compared to analysts’ expectations of $550.30 million. During the same period last year, the business earned $1.06 EPS. The business’s revenue was up 19.6% on a year-over-year basis. Sell-side analysts expect that ANSYS, Inc. will post 7.32 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have weighed in on ANSS. StockNews.com started coverage on ANSYS in a report on Sunday, September 22nd. They issued a “hold” rating for the company. Rosenblatt Securities dropped their target price on shares of ANSYS from $345.00 to $335.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 6th. Finally, KeyCorp initiated coverage on shares of ANSYS in a report on Thursday, June 27th. They issued a “sector weight” rating for the company. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $318.33.

Insider Buying and Selling at ANSYS

In other news, Director Glenda Dorchak sold 159 shares of the company’s stock in a transaction that occurred on 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 transaction, the director now directly owns 3,782 shares of the company’s stock, valued at $1,251,123.42. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.46% of the company’s stock.

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.