Strs Ohio Sells 570 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Strs Ohio decreased its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS) by 10.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 5,053 shares of the software maker’s stock after selling 570 shares during the quarter. Strs Ohio’s holdings in ANSYS were worth $1,833,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA boosted its stake in ANSYS by 7.3% during 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 purchasing an additional 81,457 shares during the period. DekaBank Deutsche Girozentrale boosted its stake in ANSYS by 8.2% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 415,424 shares of the software maker’s stock valued at $149,607,000 after purchasing an additional 31,579 shares during the period. US Bancorp DE boosted its stake in ANSYS by 3.7% during the 3rd 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 period. Sei Investments Co. lifted its position in shares of ANSYS by 4.5% in the 3rd quarter. Sei Investments Co. now owns 356,768 shares of the software maker’s stock worth $106,156,000 after acquiring an additional 15,333 shares during the period. Finally, Morgan Stanley lifted its position in shares of 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 acquiring an additional 154,325 shares during the period. Institutional investors own 92.39% of the company’s stock.

Insider Activity at ANSYS

In related news, Director Glenda Dorchak sold 150 shares of the firm’s stock in a transaction on Monday, April 8th. The stock was sold at an average price of $342.08, for a total transaction of $51,312.00. Following the completion of the sale, the director now directly owns 3,049 shares of the company’s stock, valued at approximately $1,043,001.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on ANSS. Mizuho reduced their price objective on ANSYS from $350.00 to $330.00 and set a “neutral” rating for the company in a research report on Wednesday, January 17th. Wolfe Research reiterated a “peer perform” rating on shares of ANSYS in a research report on Wednesday, January 17th. Barclays raised their price objective on ANSYS from $314.00 to $340.00 and gave the stock an “underweight” rating in a research report on Thursday, February 22nd. StockNews.com began coverage on ANSYS in a research report on Monday, April 15th. They issued a “hold” rating for the company. Finally, Rosenblatt Securities reiterated a “neutral” rating and issued a $345.00 price objective on shares of ANSYS in a research report on Tuesday, March 5th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $323.86.

ANSYS Price Performance

ANSYS stock opened at $322.11 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.30 and a quick ratio of 2.30. The company has a market capitalization of $28.12 billion, a PE ratio of 56.21, a price-to-earnings-growth ratio of 5.18 and a beta of 1.16. ANSYS, Inc. has a one year low of $258.01 and a one year high of $364.31. The business has a 50 day simple moving average of $337.12 and a 200 day simple moving average of $320.41.

ANSYS (NASDAQ:ANSS) last posted its earnings results on Wednesday, February 21st. The software maker reported $3.94 EPS for the quarter, topping the consensus estimate of $3.71 by $0.23. The business had revenue of $805.10 million during the quarter, compared to the consensus estimate of $797.49 million. ANSYS had a return on equity of 11.83% and a net margin of 22.05%. ANSYS’s revenue was up 15.9% on a year-over-year basis. During the same quarter last year, the company earned $2.61 EPS. On average, sell-side analysts forecast that ANSYS, Inc. will post 7.26 EPS 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.