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

California State Teachers Retirement System cut its stake in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 4.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 131,649 shares of the software maker's stock after selling 6,690 shares during the quarter. California State Teachers Retirement System owned 0.15% of ANSYS worth $44,409,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of the company. Alpine Associates Management Inc. boosted its position in ANSYS by 8.2% in the fourth quarter. Alpine Associates Management Inc. now owns 443,583 shares of the software maker's stock worth $149,634,000 after purchasing an additional 33,600 shares during the last quarter. Magnetar Financial LLC raised its stake in shares of ANSYS by 0.8% during the 4th quarter. Magnetar Financial LLC now owns 219,625 shares of the software maker's stock valued at $74,086,000 after purchasing an additional 1,824 shares during the period. Mizuho Securities USA LLC lifted its holdings in shares of ANSYS by 46.3% in the fourth quarter. Mizuho Securities USA LLC now owns 8,288 shares of the software maker's stock worth $2,796,000 after buying an additional 2,621 shares in the last quarter. Prudential PLC grew its position in shares of ANSYS by 5.9% during the 4th quarter. Prudential PLC now owns 37,833 shares of the software maker's stock valued at $12,762,000 after purchasing an additional 2,122 shares in the last quarter. Finally, OFI Invest Asset Management bought a new position in ANSYS in the 4th quarter worth about $1,272,000. 92.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Rosenblatt Securities raised their price objective on shares of ANSYS from $335.00 to $340.00 and gave the company a "neutral" rating in a research report on Friday, February 21st. Wall Street Zen lowered ANSYS from a "buy" rating to a "hold" rating in a research note on Wednesday, May 7th.

ANSYS Trading Up 0.6%

NASDAQ:ANSS traded up $2.06 during trading hours on Friday, hitting $330.80. The company had a trading volume of 2,766,267 shares, compared to its average volume of 516,261. ANSYS, Inc. has a 52 week low of $275.06 and a 52 week high of $363.03. The company has a market capitalization of $29.08 billion, a PE ratio of 50.50, a price-to-earnings-growth ratio of 3.48 and a beta of 1.21. The stock has a 50-day moving average price of $320.46 and a 200 day moving average price of $332.69. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.01 and a quick ratio of 3.01.

ANSYS (NASDAQ:ANSS - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The software maker reported $1.64 EPS for the quarter, missing the consensus estimate of $1.75 by ($0.11). ANSYS had a net margin of 22.62% and a return on equity of 12.69%. The firm had revenue of $504.89 million for the quarter, compared to analysts' expectations of $516.81 million. During the same period in the prior year, the business posted $1.39 EPS. The business's quarterly revenue was up 8.2% compared to the same quarter last year. On average, equities research analysts predict that ANSYS, Inc. will post 8.32 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Glenda Dorchak sold 200 shares of the stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $300.01, for a total transaction of $60,002.00. Following the sale, the director now owns 3,230 shares in the company, valued at $969,032.30. This represents a 5.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.61% of the stock is currently owned by company 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.