ANSYS, Inc. (NASDAQ:ANSS) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund reduced its position in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 27.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 207,547 shares of the software maker's stock after selling 79,040 shares during the period. New York State Common Retirement Fund owned approximately 0.24% of ANSYS worth $66,131,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of ANSS. Jacobson & Schmitt Advisors LLC raised its holdings in shares of ANSYS by 7.1% during the 3rd quarter. Jacobson & Schmitt Advisors LLC now owns 38,509 shares of the software maker's stock valued at $12,270,000 after buying an additional 2,541 shares during the period. Stephens Inc. AR raised its holdings in shares of ANSYS by 3.3% during the 3rd quarter. Stephens Inc. AR now owns 1,579 shares of the software maker's stock valued at $503,000 after buying an additional 51 shares during the period. Stephens Investment Management Group LLC raised its holdings in shares of ANSYS by 1.4% during the 3rd quarter. Stephens Investment Management Group LLC now owns 87,860 shares of the software maker's stock valued at $27,995,000 after buying an additional 1,243 shares during the period. US Bancorp DE raised its holdings in shares of ANSYS by 2.3% during the 3rd quarter. US Bancorp DE now owns 26,911 shares of the software maker's stock valued at $8,575,000 after buying an additional 617 shares during the period. Finally, First Trust Direct Indexing L.P. raised its holdings in shares of ANSYS by 8.0% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 3,342 shares of the software maker's stock valued at $1,065,000 after buying an additional 248 shares during the period. 92.39% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Glenda Dorchak sold 152 shares of the business's stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $313.61, for a total value of $47,668.72. Following the completion of the sale, the director now directly owns 3,630 shares in the company, valued at approximately $1,138,404.30. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.46% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on ANSS shares. Rosenblatt Securities dropped their target price on ANSYS from $345.00 to $335.00 and set a "neutral" rating on the stock in a report on Tuesday, August 6th. StockNews.com upgraded ANSYS from a "hold" rating to a "buy" rating in a report on Tuesday. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, ANSYS has an average rating of "Hold" and an average price target of $318.33.

ANSYS Stock Performance

Shares of NASDAQ ANSS traded up $3.34 during trading on Friday, reaching $323.75. The stock had a trading volume of 558,471 shares, compared to its average volume of 523,872. ANSYS, Inc. has a one year low of $258.01 and a one year high of $364.31. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.95 and a current ratio of 2.95. The stock has a market cap of $28.29 billion, a PE ratio of 57.20, a P/E/G ratio of 7.04 and a beta of 1.11. The firm's 50 day moving average price is $320.18 and its two-hundred day moving average price is $321.51.

ANSYS (NASDAQ:ANSS - Get Free Report) last issued its quarterly earnings results on Wednesday, July 31st. The software maker reported $2.50 earnings per share for the quarter, beating 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 business had revenue of $594.14 million during the quarter, compared to the consensus estimate of $550.30 million. During the same period in the previous year, the business earned $1.06 EPS. The business's quarterly revenue was up 19.6% on a year-over-year basis. On average, research analysts forecast that ANSYS, Inc. will post 7.32 earnings per share for the current fiscal year.

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.