California Public Employees Retirement System Sells 6,919 Shares of ANSYS, Inc. (NASDAQ:ANSS)

California Public Employees Retirement System trimmed its stake in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 1.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 406,113 shares of the software maker's stock after selling 6,919 shares during the quarter. California Public Employees Retirement System owned about 0.46% of ANSYS worth $136,994,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in ANSYS by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 10,643,766 shares of the software maker's stock valued at $3,590,462,000 after buying an additional 78,730 shares in the last quarter. State Street Corp increased its position in ANSYS by 3.0% during the third quarter. State Street Corp now owns 3,703,249 shares of the software maker's stock worth $1,179,966,000 after acquiring an additional 106,187 shares during the period. Geode Capital Management LLC raised its stake in ANSYS by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,305,554 shares of the software maker's stock worth $732,672,000 after purchasing an additional 37,577 shares in the last quarter. Norges Bank bought a new stake in ANSYS in the 4th quarter valued at about $615,566,000. Finally, Principal Financial Group Inc. grew its position in shares of ANSYS by 1.3% during the 4th quarter. Principal Financial Group Inc. now owns 570,525 shares of the software maker's stock worth $192,456,000 after purchasing an additional 7,098 shares in the last quarter. 92.39% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. StockNews.com cut ANSYS from a "buy" rating to a "hold" rating in a research note on Friday, March 21st. Rosenblatt Securities increased their target price on ANSYS from $335.00 to $340.00 and gave the stock a "neutral" rating in a report on Friday, February 21st.

ANSYS Price Performance

NASDAQ:ANSS traded down $23.60 during mid-day trading on Friday, reaching $286.85. The stock had a trading volume of 1,315,228 shares, compared to its average volume of 461,148. ANSYS, Inc. has a 12 month low of $285.93 and a 12 month high of $363.03. The stock has a market capitalization of $25.14 billion, a PE ratio of 43.79, a P/E/G ratio of 3.48 and a beta of 1.20. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.01 and a quick ratio of 3.01. The stock has a 50-day simple moving average of $330.70 and a two-hundred day simple moving average of $333.98.

ANSYS (NASDAQ:ANSS - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The software maker reported $3.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.97 by ($0.32). The business had revenue of $882.17 million during the quarter, compared to the consensus estimate of $864.46 million. ANSYS had a net margin of 22.62% and a return on equity of 12.69%. On average, equities analysts anticipate that ANSYS, Inc. will post 8.32 earnings per share for the current year.

Insider Transactions at ANSYS

In related news, Director Glenda Dorchak sold 200 shares of the stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $336.62, for a total value of $67,324.00. Following the completion of the transaction, the director now owns 3,430 shares of the company's stock, valued at $1,154,606.60. This represents a 5.51 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.46% of the company's stock.

ANSYS Company 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.