Kentucky Retirement Systems Insurance Trust Fund Makes New Investment in ANSYS, Inc. (NASDAQ:ANSS)

Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,537 shares of the software maker's stock, valued at approximately $803,000.

A number of other large investors also recently bought and sold shares of the company. Alpine Associates Management Inc. raised its position in shares of ANSYS by 8.2% during the 4th quarter. Alpine Associates Management Inc. now owns 443,583 shares of the software maker's stock valued at $149,634,000 after acquiring an additional 33,600 shares in the last quarter. North Star Asset Management Inc. boosted its holdings in ANSYS by 25.7% in the fourth quarter. North Star Asset Management Inc. now owns 5,579 shares of the software maker's stock worth $1,882,000 after purchasing an additional 1,139 shares during the period. Magnetar Financial LLC increased its stake in ANSYS by 0.8% during the fourth 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 last quarter. Mizuho Securities USA LLC raised its holdings in shares of ANSYS by 46.3% during the fourth quarter. Mizuho Securities USA LLC now owns 8,288 shares of the software maker's stock worth $2,796,000 after purchasing an additional 2,621 shares during the period. Finally, Prudential PLC raised its holdings in shares of ANSYS by 5.9% during the fourth quarter. Prudential PLC now owns 37,833 shares of the software maker's stock worth $12,762,000 after purchasing an additional 2,122 shares during the period. Institutional investors own 92.39% of the company's stock.

Insider Transactions at ANSYS

In other news, Director Glenda Dorchak sold 200 shares of the stock in a transaction on Monday, April 14th. The stock was sold at an average price of $300.01, for a total value of $60,002.00. Following the completion of the transaction, the director now owns 3,230 shares of the company's stock, valued at approximately $969,032.30. This represents a 5.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.61% of the company's stock.

ANSYS Stock Performance

Shares of ANSYS stock traded up $3.79 on Friday, reaching $347.19. 730,080 shares of the company were exchanged, compared to its average volume of 521,805. The firm has a market cap of $30.52 billion, a price-to-earnings ratio of 51.51, a P/E/G ratio of 3.51 and a beta of 1.19. ANSYS, Inc. has a 1-year low of $275.06 and a 1-year high of $363.03. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.66 and a current ratio of 3.66. The company's 50-day moving average is $333.36 and its two-hundred day moving average is $331.86.

ANSYS (NASDAQ:ANSS - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The software maker reported $1.64 EPS for the quarter, missing analysts' consensus estimates of $1.75 by ($0.11). ANSYS had a return on equity of 12.38% and a net margin of 22.95%. The company had revenue of $504.89 million for the quarter, compared to the consensus estimate of $516.81 million. During the same quarter in the previous year, the company earned $1.39 earnings per share. ANSYS's quarterly revenue was up 8.2% compared to the same quarter last year. As a group, research analysts expect that ANSYS, Inc. will post 8.32 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered shares of ANSYS from a "buy" rating to a "hold" rating in a report on Wednesday, May 7th.

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.