New York State Common Retirement Fund Cuts Holdings in ANSYS, Inc. (NASDAQ:ANSS)

New York State Common Retirement Fund lessened its position in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 5.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 197,136 shares of the software maker's stock after selling 10,411 shares during the quarter. New York State Common Retirement Fund owned approximately 0.23% of ANSYS worth $66,500,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Stock Yards Bank & Trust Co. raised its holdings in shares of ANSYS by 1.3% in the 4th quarter. Stock Yards Bank & Trust Co. now owns 2,275 shares of the software maker's stock valued at $767,000 after buying an additional 30 shares during the period. Greenleaf Trust grew its stake in ANSYS by 0.9% during the 4th quarter. Greenleaf Trust now owns 3,651 shares of the software maker's stock worth $1,232,000 after purchasing an additional 32 shares in the last quarter. Koshinski Asset Management Inc. grew its stake in ANSYS by 0.8% during the 4th quarter. Koshinski Asset Management Inc. now owns 4,367 shares of the software maker's stock worth $1,473,000 after purchasing an additional 34 shares in the last quarter. BTC Capital Management Inc. grew its stake in ANSYS by 2.5% during the 4th quarter. BTC Capital Management Inc. now owns 1,499 shares of the software maker's stock worth $506,000 after purchasing an additional 36 shares in the last quarter. Finally, OneDigital Investment Advisors LLC grew its stake in ANSYS by 3.0% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 1,285 shares of the software maker's stock worth $409,000 after purchasing an additional 37 shares in the last quarter. Hedge funds and other institutional investors own 92.39% of the company's stock.

ANSYS Stock Up 1.1 %

Shares of NASDAQ:ANSS traded up $3.72 on Thursday, hitting $340.46. 714,752 shares of the company's stock were exchanged, compared to its average volume of 482,720. The firm's 50-day moving average is $342.83 and its 200 day moving average is $332.42. The company has a market capitalization of $29.77 billion, a PE ratio of 52.54, a P/E/G ratio of 3.53 and a beta of 1.12. ANSYS, Inc. has a 1-year low of $289.82 and a 1-year high of $363.03. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.11 and a current ratio of 3.11.

ANSYS (NASDAQ:ANSS - Get Free Report) last posted its earnings results on Wednesday, February 19th. The software maker reported $3.65 earnings per share for the quarter, missing the consensus estimate of $3.97 by ($0.32). ANSYS had a net margin of 23.01% and a return on equity of 12.64%. The firm had revenue of $882.17 million during the quarter, compared to analysts' expectations of $864.46 million. Sell-side analysts predict that ANSYS, Inc. will post 7.66 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. StockNews.com cut ANSYS from a "buy" rating to a "hold" rating in a research note on Monday, January 6th. Robert W. Baird boosted their target price on ANSYS from $350.00 to $365.00 and gave the stock an "outperform" rating in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, ANSYS currently has a consensus rating of "Hold" and an average target price of $346.67.

Insider Activity

In other news, Director Glenda Dorchak sold 200 shares of the business's stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $336.62, for a total value of $67,324.00. Following the completion of the sale, the director now directly owns 3,430 shares of the company's stock, valued at approximately $1,154,606.60. The trade was a 5.51 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through 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.