State of Tennessee Department of Treasury Sells 1,191 Shares of ANSYS, Inc. (NASDAQ:ANSS)

State of Tennessee Department of Treasury lessened its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 3.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 31,495 shares of the software maker's stock after selling 1,191 shares during the period. State of Tennessee Department of Treasury's holdings in ANSYS were worth $10,624,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. boosted its stake in ANSYS by 0.7% during 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 purchasing an additional 78,730 shares in the last quarter. Geode Capital Management LLC boosted its stake in ANSYS by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 2,363,744 shares of the software maker's stock valued at $796,033,000 after buying an additional 58,190 shares in the last quarter. FIL Ltd grew its holdings in ANSYS by 32.5% during the fourth quarter. FIL Ltd now owns 2,086,177 shares of the software maker's stock worth $703,730,000 after acquiring an additional 511,557 shares during the period. Capital Research Global Investors bought a new stake in ANSYS in the fourth quarter worth about $695,129,000. Finally, Norges Bank acquired a new stake in ANSYS in the 4th quarter valued at about $615,566,000. 92.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ANSS. StockNews.com upgraded shares of ANSYS from a "hold" rating to a "buy" rating in a report on Friday, April 18th. Rosenblatt Securities upped their price target on ANSYS from $335.00 to $340.00 and gave the company a "neutral" rating in a research report on Friday, February 21st.

ANSYS Stock Up 1.4 %

Shares of ANSYS stock traded up $4.32 during trading on Friday, hitting $320.68. 575,491 shares of the stock traded hands, compared to its average volume of 483,470. The stock has a market cap of $28.11 billion, a P/E ratio of 48.96, a PEG ratio of 3.48 and a beta of 1.20. The company has a fifty day moving average price of $316.25 and a two-hundred day moving average price of $331.89. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.01 and a current ratio of 3.01. ANSYS, Inc. has a twelve month low of $275.06 and a twelve month high of $363.03.

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

Insider Transactions at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 200 shares of ANSYS stock in a transaction that occurred on Monday, April 14th. The stock was sold at an average price of $300.01, for a total value of $60,002.00. Following the transaction, the director now directly owns 3,230 shares of the company's stock, valued at $969,032.30. The trade was a 5.83 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.46% of the stock is currently owned by corporate insiders.

About ANSYS

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.