New York State Common Retirement Fund Sells 29,182 Shares of ANSYS, Inc. (NASDAQ:ANSS)

New York State Common Retirement Fund cut its stake in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 9.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 296,362 shares of the software maker's stock after selling 29,182 shares during the quarter. New York State Common Retirement Fund owned approximately 0.34% of ANSYS worth $107,544,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Verdence Capital Advisors LLC grew its holdings in shares of ANSYS by 1.7% during the fourth quarter. Verdence Capital Advisors LLC now owns 2,071 shares of the software maker's stock valued at $752,000 after purchasing an additional 35 shares during the last quarter. Wealth Alliance grew its holdings in shares of ANSYS by 2.4% during the fourth quarter. Wealth Alliance now owns 1,523 shares of the software maker's stock valued at $553,000 after purchasing an additional 36 shares during the last quarter. Lindbrook Capital LLC grew its holdings in shares of ANSYS by 18.1% during the third quarter. Lindbrook Capital LLC now owns 241 shares of the software maker's stock valued at $72,000 after purchasing an additional 37 shares during the last quarter. IFP Advisors Inc grew its holdings in shares of ANSYS by 11.7% during the third quarter. IFP Advisors Inc now owns 363 shares of the software maker's stock valued at $108,000 after purchasing an additional 38 shares during the last quarter. Finally, Koshinski Asset Management Inc. grew its holdings in shares of ANSYS by 0.8% during the third quarter. Koshinski Asset Management Inc. now owns 4,866 shares of the software maker's stock valued at $1,448,000 after purchasing an additional 39 shares during the last quarter. 92.39% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Glenda Dorchak sold 150 shares of the stock in a transaction on Monday, April 8th. The stock was sold at an average price of $342.08, for a total transaction of $51,312.00. Following the completion of the sale, the director now owns 3,049 shares in the company, valued at approximately $1,043,001.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.53% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Barclays upped their target price on ANSYS from $314.00 to $340.00 and gave the company an "underweight" rating in a report on Thursday, February 22nd. Rosenblatt Securities reiterated a "neutral" rating and set a $345.00 price objective on shares of ANSYS in a research report on Tuesday, March 5th. Wolfe Research reiterated a "peer perform" rating on shares of ANSYS in a research report on Wednesday, January 17th. StockNews.com started coverage on ANSYS in a research report on Tuesday. They set a "hold" rating for the company. Finally, Mizuho reduced their price objective on ANSYS from $350.00 to $330.00 and set a "neutral" rating for the company in a research report on Wednesday, January 17th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $323.86.

ANSYS Price Performance

ANSS traded up $1.16 during trading on Tuesday, reaching $325.97. The stock had a trading volume of 175,704 shares, compared to its average volume of 695,591. The firm has a market capitalization of $28.46 billion, a price-to-earnings ratio of 56.90, a price-to-earnings-growth ratio of 5.14 and a beta of 1.16. The company has a quick ratio of 2.30, a current ratio of 2.30 and a debt-to-equity ratio of 0.14. ANSYS, Inc. has a 1-year low of $258.01 and a 1-year high of $364.31. The stock has a 50 day moving average of $336.86 and a two-hundred day moving average of $320.86.

ANSYS (NASDAQ:ANSS - Get Free Report) last released its earnings results on Wednesday, February 21st. The software maker reported $3.94 earnings per share for the quarter, topping analysts' consensus estimates of $3.71 by $0.23. The firm had revenue of $805.10 million during the quarter, compared to the consensus estimate of $797.49 million. ANSYS had a return on equity of 11.83% and a net margin of 22.05%. The firm's revenue for the quarter was up 15.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.61 earnings per share. As a group, equities analysts anticipate that ANSYS, Inc. will post 7.26 EPS for the current fiscal year.

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.