Kentucky Retirement Systems Insurance Trust Fund Invests $803,000 in ANSYS, Inc. (NASDAQ:ANSS)

Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in ANSYS, Inc. (NASDAQ:ANSS - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 2,537 shares of the software maker's stock, valued at approximately $803,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in ANSS. Principal Securities Inc. lifted its stake in shares of ANSYS by 17.7% during the fourth quarter. Principal Securities Inc. now owns 619 shares of the software maker's stock worth $209,000 after purchasing an additional 93 shares in the last quarter. Allworth Financial LP raised its stake in ANSYS by 33.7% during the fourth quarter. Allworth Financial LP now owns 258 shares of the software maker's stock valued at $92,000 after buying an additional 65 shares in the last quarter. Howard Capital Management Inc. grew its holdings in shares of ANSYS by 2.9% during the fourth quarter. Howard Capital Management Inc. now owns 2,373 shares of the software maker's stock valued at $800,000 after purchasing an additional 67 shares during the last quarter. Crestwood Advisors Group LLC grew its holdings in shares of ANSYS by 8.9% during the fourth quarter. Crestwood Advisors Group LLC now owns 1,589 shares of the software maker's stock valued at $536,000 after purchasing an additional 130 shares during the last quarter. Finally, Lake Street Advisors Group LLC grew its holdings in ANSYS by 22.9% in the 4th quarter. Lake Street Advisors Group LLC now owns 955 shares of the software maker's stock worth $322,000 after buying an additional 178 shares in the last quarter. Hedge funds and other institutional investors own 92.39% of the company's stock.

Wall Street Analyst Weigh In

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

Insider Activity

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 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 document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.61% of the company's stock.

ANSYS Price Performance

ANSS traded up $3.42 during trading on Wednesday, reaching $341.69. The stock had a trading volume of 359,444 shares, compared to its average volume of 520,788. The firm has a market capitalization of $30.04 billion, a price-to-earnings ratio of 50.70, a price-to-earnings-growth ratio of 3.48 and a beta of 1.19. The company has a quick ratio of 3.66, a current ratio of 3.66 and a debt-to-equity ratio of 0.12. ANSYS, Inc. has a 1-year low of $275.06 and a 1-year high of $363.03. The stock has a 50 day moving average of $332.55 and a two-hundred day moving average of $331.85.

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 analysts' consensus estimates of $1.75 by ($0.11). ANSYS had a net margin of 22.95% and a return on equity of 12.38%. The company had revenue of $504.89 million for the quarter, compared to analyst estimates of $516.81 million. During the same quarter last year, the company posted $1.39 EPS. ANSYS's revenue was up 8.2% on a year-over-year basis. As a group, equities analysts anticipate that ANSYS, Inc. will post 8.32 EPS for the current fiscal year.

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.