ANSYS, Inc. (NASDAQ:ANSS) Shares Bought by California Public Employees Retirement System

California Public Employees Retirement System grew its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) by 28.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 445,742 shares of the software maker’s stock after acquiring an additional 99,622 shares during the quarter. California Public Employees Retirement System owned about 0.51% of ANSYS worth $161,751,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Ninety One North America Inc. grew its holdings in shares of ANSYS by 49.3% during the 4th quarter. Ninety One North America Inc. now owns 29,863 shares of the software maker’s stock worth $10,837,000 after purchasing an additional 9,863 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in shares of ANSYS by 7.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,195,065 shares of the software maker’s stock worth $355,592,000 after purchasing an additional 81,457 shares during the period. DekaBank Deutsche Girozentrale grew its holdings in shares of ANSYS by 8.2% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 415,424 shares of the software maker’s stock worth $149,607,000 after purchasing an additional 31,579 shares during the period. US Bancorp DE boosted its holdings in ANSYS by 3.7% in the 3rd quarter. US Bancorp DE now owns 33,520 shares of the software maker’s stock worth $9,974,000 after acquiring an additional 1,198 shares during the period. Finally, Sei Investments Co. boosted its holdings in ANSYS by 4.5% in the 3rd quarter. Sei Investments Co. now owns 356,768 shares of the software maker’s stock worth $106,156,000 after acquiring an additional 15,333 shares during the period. Hedge funds and other institutional investors own 92.39% of the company’s stock.

Insider Activity at ANSYS

In related news, Director Glenda Dorchak sold 150 shares of the company’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $342.08, for a total transaction of $51,312.00. Following the sale, the director now directly owns 3,049 shares of the company’s stock, valued at approximately $1,043,001.92. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.53% of the company’s stock.

ANSYS Stock Up 0.4 %

Shares of ANSYS stock traded up $1.46 on Tuesday, hitting $326.27. 35,459 shares of the company’s stock traded hands, compared to its average volume of 693,718. The stock has a market cap of $28.48 billion, a P/E ratio of 56.69, a PEG ratio of 5.14 and a beta of 1.16. The company has a quick ratio of 2.30, a current ratio of 2.30 and a debt-to-equity ratio of 0.14. The firm’s 50-day moving average is $336.86 and its 200 day moving average is $320.86. ANSYS, Inc. has a 52-week low of $258.01 and a 52-week high of $364.31.

ANSYS (NASDAQ:ANSS) last released its earnings results on Wednesday, February 21st. The software maker reported $3.94 EPS for the quarter, beating the consensus estimate of $3.71 by $0.23. The company had revenue of $805.10 million during the quarter, compared to analysts’ expectations of $797.49 million. ANSYS had a return on equity of 11.83% and a net margin of 22.05%. The business’s revenue was up 15.9% on a year-over-year basis. During the same period in the prior year, the business posted $2.61 EPS. Equities analysts anticipate that ANSYS, Inc. will post 7.26 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have weighed in on ANSS shares. Mizuho decreased their price target on ANSYS from $350.00 to $330.00 and set a “neutral” rating for the company in a report on Wednesday, January 17th. Rosenblatt Securities restated a “neutral” rating and issued a $345.00 price target on shares of ANSYS in a report on Tuesday, March 5th. Wolfe Research restated a “peer perform” rating on shares of ANSYS in a report on Wednesday, January 17th. StockNews.com started coverage on ANSYS in a report on Tuesday. They issued a “hold” rating for the company. Finally, Barclays upped their price target on ANSYS from $314.00 to $340.00 and gave the stock an “underweight” rating in a report on Thursday, February 22nd. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $323.86.

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.