Public Employees Retirement System of Ohio Trims Stake in ANSYS, Inc. (NASDAQ:ANSS)

Public Employees Retirement System of Ohio lessened its position in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 5.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,974 shares of the software maker's stock after selling 1,717 shares during the quarter. Public Employees Retirement System of Ohio's holdings in ANSYS were worth $10,111,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Stock Yards Bank & Trust Co. grew its holdings in ANSYS by 1.3% in the fourth quarter. Stock Yards Bank & Trust Co. now owns 2,275 shares of the software maker's stock worth $767,000 after purchasing an additional 30 shares during the last quarter. Greenleaf Trust boosted its position in shares of ANSYS by 0.9% in the 4th quarter. Greenleaf Trust now owns 3,651 shares of the software maker's stock worth $1,232,000 after purchasing an additional 32 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. grew its stake in ANSYS by 2.8% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,298 shares of the software maker's stock worth $438,000 after buying an additional 35 shares during the last quarter. BTC Capital Management Inc. grew its stake in ANSYS by 2.5% during the 4th quarter. BTC Capital Management Inc. now owns 1,499 shares of the software maker's stock worth $506,000 after buying an additional 36 shares during the last quarter. Finally, Summerhill Capital Management lnc. increased its position in ANSYS by 0.6% during the 4th quarter. Summerhill Capital Management lnc. now owns 6,139 shares of the software maker's stock valued at $2,071,000 after buying an additional 36 shares in the last quarter. Institutional investors own 92.39% of the company's stock.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other ANSYS news, Director Glenda Dorchak sold 200 shares of ANSYS 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 completion of the sale, the director now directly owns 3,230 shares in the company, valued at approximately $969,032.30. The trade was a 5.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.61% of the stock is owned by corporate insiders.

ANSYS Stock Performance

Shares of ANSS traded up $2.06 during trading hours on Friday, reaching $330.80. 2,766,267 shares of the company traded hands, compared to its average volume of 516,261. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.12. The business has a fifty day moving average price of $320.46 and a 200-day moving average price of $332.74. ANSYS, Inc. has a 12-month low of $275.06 and a 12-month high of $363.03. The stock has a market capitalization of $29.08 billion, a P/E ratio of 50.50, a P/E/G ratio of 3.48 and a beta of 1.21.

ANSYS (NASDAQ:ANSS - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The software maker reported $1.64 EPS for the quarter, missing analysts' consensus estimates of $1.75 by ($0.11). The firm had revenue of $504.89 million for the quarter, compared to analyst estimates of $516.81 million. ANSYS had a return on equity of 12.69% and a net margin of 22.62%. The business's revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.39 EPS. 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.