State of Alaska Department of Revenue Sells 1,400 Shares of ANSYS, Inc. (NASDAQ:ANSS)

State of Alaska Department of Revenue reduced its stake in shares of ANSYS, Inc. (NASDAQ:ANSSFree Report) by 6.3% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 20,972 shares of the software maker’s stock after selling 1,400 shares during the period. State of Alaska Department of Revenue’s holdings in ANSYS were worth $7,610,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Massachusetts Financial Services Co. MA raised its position in ANSYS by 7.3% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,195,065 shares of the software maker’s stock valued at $355,592,000 after buying an additional 81,457 shares during the last quarter. US Bancorp DE raised its holdings in shares of ANSYS by 3.7% in the third quarter. US Bancorp DE now owns 33,520 shares of the software maker’s stock valued at $9,974,000 after purchasing an additional 1,198 shares during the last quarter. Sei Investments Co. lifted its position in shares of ANSYS by 4.5% during the third quarter. Sei Investments Co. now owns 356,768 shares of the software maker’s stock valued at $106,156,000 after purchasing an additional 15,333 shares in the last quarter. Morgan Stanley grew its position in ANSYS by 18.0% in the 3rd quarter. Morgan Stanley now owns 1,010,937 shares of the software maker’s stock worth $300,805,000 after purchasing an additional 154,325 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC purchased a new stake in ANSYS in the 3rd quarter valued at about $3,273,000. Institutional investors own 92.39% of the company’s stock.

Insider Transactions at ANSYS

In related news, Director Glenda Dorchak sold 200 shares of the business’s stock in a transaction on Monday, January 8th. The stock was sold at an average price of $345.68, for a total transaction of $69,136.00. Following the sale, the director now directly owns 3,199 shares in the company, valued at approximately $1,105,830.32. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Mizuho cut their target price on ANSYS from $350.00 to $330.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 17th. Wolfe Research restated a “peer perform” rating on shares of ANSYS in a research note on Wednesday, January 17th. Barclays lifted their target price on ANSYS from $314.00 to $340.00 and gave the stock an “underweight” rating in a research note on Thursday, February 22nd. Rosenblatt Securities restated a “neutral” rating and set a $345.00 price target on shares of ANSYS in a research report on Tuesday, March 5th. Finally, StockNews.com assumed coverage on shares of ANSYS in a research report on Saturday. They issued a “hold” rating on the stock. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, ANSYS currently has an average rating of “Hold” and a consensus target price of $322.75.

View Our Latest Analysis on ANSYS

ANSYS Trading Down 0.2 %

Shares of ANSYS stock opened at $347.16 on Friday. The stock has a market capitalization of $30.21 billion, a P/E ratio of 60.59, a P/E/G ratio of 5.50 and a beta of 1.16. ANSYS, Inc. has a 52-week low of $258.01 and a 52-week high of $364.31. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.30 and a current ratio of 2.30. The stock’s 50-day simple moving average is $337.12 and its 200 day simple moving average is $316.84.

ANSYS (NASDAQ:ANSSGet Free Report) last posted its quarterly earnings results on Wednesday, February 21st. The software maker reported $3.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.71 by $0.23. The company had revenue of $805.10 million for the quarter, compared to analyst estimates of $797.49 million. ANSYS had a net margin of 22.05% and a return on equity of 11.83%. During the same quarter in the previous year, the firm posted $2.61 earnings per share. The company’s quarterly revenue was up 15.9% compared to the same quarter last year. As a group, research analysts anticipate that ANSYS, Inc. will post 7.34 EPS for the current year.

About ANSYS

(Free Report)

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.

See Also

Want to see what other hedge funds are holding ANSS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ANSYS, Inc. (NASDAQ:ANSSFree Report).

Institutional Ownership by Quarter for ANSYS (NASDAQ:ANSS)

Receive News & Ratings for ANSYS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ANSYS and related companies with MarketBeat.com's FREE daily email newsletter.