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

New York State Common Retirement Fund decreased its holdings in ANSYS, Inc. (NASDAQ:ANSS) by 27.6% in the third 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 quarter. New York State Common Retirement Fund owned about 0.24% of ANSYS worth $66,131,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. DT Investment Partners LLC boosted its holdings in ANSYS by 888.9% in the second quarter. DT Investment Partners LLC now owns 89 shares of the software maker’s stock worth $29,000 after acquiring an additional 80 shares in the last quarter. Redwood Wealth Management Group LLC purchased a new stake in ANSYS during the 2nd quarter worth approximately $32,000. Rothschild Investment LLC acquired a new position in ANSYS during the 2nd quarter valued at approximately $38,000. Bangor Savings Bank raised its holdings in shares of ANSYS by 32.7% in the third quarter. Bangor Savings Bank now owns 138 shares of the software maker’s stock worth $44,000 after buying an additional 34 shares during the last quarter. Finally, DiNuzzo Private Wealth Inc. lifted its stake in shares of ANSYS by 2,833.3% during the third quarter. DiNuzzo Private Wealth Inc. now owns 176 shares of the software maker’s stock worth $56,000 after buying an additional 170 shares during the period. 92.39% of the stock is currently owned by hedge funds and other institutional investors.

ANSYS Stock Up 1.0 %

ANSYS stock opened at $323.75 on Friday. The business’s 50-day moving average price is $320.18 and its 200 day moving average price is $321.54. The company has a quick ratio of 2.95, a current ratio of 2.95 and a debt-to-equity ratio of 0.13. The firm has a market cap of $28.29 billion, a price-to-earnings ratio of 57.20, a price-to-earnings-growth ratio of 7.04 and a beta of 1.11. ANSYS, Inc. has a 52 week low of $258.01 and a 52 week high of $364.31.

ANSYS (NASDAQ:ANSS) last issued its quarterly earnings data on Wednesday, July 31st. The software maker reported $2.50 EPS for the quarter, topping analysts’ consensus estimates of $1.92 by $0.58. ANSYS had a net margin of 21.30% and a return on equity of 11.51%. The business had revenue of $594.14 million for the quarter, compared to analysts’ expectations of $550.30 million. During the same quarter last year, the company earned $1.06 EPS. The business’s revenue was up 19.6% on a year-over-year basis. As a group, sell-side analysts anticipate that ANSYS, Inc. will post 7.32 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. StockNews.com upgraded ANSYS from a “hold” rating to a “buy” rating in a research note on Tuesday. Rosenblatt Securities decreased their target price on ANSYS from $345.00 to $335.00 and set a “neutral” rating for the company in a report on Tuesday, August 6th. Two analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, ANSYS presently has an average rating of “Hold” and a consensus price target of $318.33.

Insider Buying and Selling

In related news, Director Glenda Dorchak sold 152 shares of the business’s stock in a transaction on Monday, October 7th. The shares were 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 owns 3,630 shares of the company’s stock, 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. 0.46% of the stock is currently owned by insiders.

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.