New York State Teachers Retirement System Decreases Holdings in ANSYS, Inc. (NASDAQ:ANSS)

New York State Teachers Retirement System trimmed its position in ANSYS, Inc. (NASDAQ:ANSS) by 5.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 75,059 shares of the software maker’s stock after selling 4,091 shares during the period. New York State Teachers Retirement System owned approximately 0.09% of ANSYS worth $24,131,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Quest Partners LLC purchased a new position in ANSYS during the 4th quarter worth $29,000. 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. DSM Capital Partners LLC purchased a new stake in shares of ANSYS during the fourth quarter worth about $34,000. Core Wealth Advisors Inc. acquired a new position in shares of ANSYS during the fourth quarter valued at about $40,000. Finally, Frazier Financial Advisors LLC purchased a new position in shares of ANSYS in the 4th quarter valued at approximately $51,000. 92.39% of the stock is owned by hedge funds and other institutional investors.

ANSYS Price Performance

Shares of ANSS opened at $323.45 on Friday. The company has a market capitalization of $28.24 billion, a P/E ratio of 64.95, a P/E/G ratio of 6.90 and a beta of 1.11. The business’s 50-day moving average is $319.74 and its two-hundred day moving average is $327.86. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.80 and a current ratio of 2.95. ANSYS, Inc. has a fifty-two week low of $258.01 and a fifty-two week high of $364.31.

ANSYS (NASDAQ:ANSS) last announced its quarterly earnings results on Wednesday, July 31st. The software maker reported $2.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.92 by $0.58. The company had revenue of $594.14 million during the quarter, compared to the consensus estimate of $550.30 million. ANSYS had a return on equity of 11.51% and a net margin of 21.30%. ANSYS’s revenue for the quarter was up 19.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.06 earnings per share. Research analysts predict that ANSYS, Inc. will post 7.05 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Glenda Dorchak sold 159 shares of the firm’s stock in a transaction on Monday, July 8th. The shares were sold at an average price of $330.81, for a total transaction of $52,598.79. Following the sale, the director now owns 3,782 shares in the company, valued at $1,251,123.42. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.46% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. StockNews.com began coverage on shares of ANSYS in a research note on Wednesday. They set a “hold” rating on the stock. KeyCorp assumed coverage on ANSYS in a research report on Thursday, June 27th. They issued a “sector weight” rating on the stock. Finally, Rosenblatt Securities lowered their price target on ANSYS from $345.00 to $335.00 and set a “neutral” rating for the company in a research report on Tuesday, August 6th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, ANSYS has a consensus rating of “Hold” and an average price target of $318.33.

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.