Public Employees Retirement Association of Colorado Has $26.38 Million Position in ANSYS, Inc. (NASDAQ:ANSS)

Public Employees Retirement Association of Colorado lifted its stake in ANSYS, Inc. (NASDAQ:ANSSFree Report) by 1,067.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 72,690 shares of the software maker’s stock after acquiring an additional 66,466 shares during the quarter. Public Employees Retirement Association of Colorado owned approximately 0.08% of ANSYS worth $26,378,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. CVA Family Office LLC acquired a new stake in ANSYS in the fourth quarter valued at approximately $28,000. Raleigh Capital Management Inc. increased its position in ANSYS by 135.7% during the third quarter. Raleigh Capital Management Inc. now owns 99 shares of the software maker’s stock worth $29,000 after buying an additional 57 shares during the last quarter. Quest Partners LLC acquired a new position in ANSYS during the fourth quarter worth $29,000. DSM Capital Partners LLC bought a new position in ANSYS during the fourth quarter valued at about $34,000. Finally, Turtle Creek Wealth Advisors LLC bought a new stake in shares of ANSYS during the 4th quarter worth about $47,000. 92.39% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 150 shares of ANSYS stock in a transaction that occurred 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 sale, the director now directly owns 3,049 shares of the company’s stock, valued at $1,043,001.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Rosenblatt Securities restated a “neutral” rating and issued a $345.00 target price on shares of ANSYS in a report on Friday, May 3rd. Barclays upped their price objective on shares of ANSYS from $314.00 to $340.00 and gave the stock an “underweight” rating in a report on Thursday, February 22nd. Finally, StockNews.com started coverage on shares of ANSYS in a report on Sunday. They issued a “hold” rating on the stock. Two 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $320.00.

Check Out Our Latest Analysis on ANSYS

ANSYS Stock Performance

NASDAQ:ANSS traded up $9.97 during trading hours on Wednesday, hitting $327.07. 577,796 shares of the company traded hands, compared to its average volume of 623,335. The company has a current ratio of 2.80, a quick ratio of 2.80 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $28.55 billion, a price-to-earnings ratio of 65.68, a P/E/G ratio of 6.90 and a beta of 1.14. The firm has a 50-day moving average of $329.69 and a 200 day moving average of $329.05. ANSYS, Inc. has a twelve month low of $258.01 and a twelve month high of $364.31.

ANSYS (NASDAQ:ANSSGet Free Report) last released its earnings results on Wednesday, May 1st. The software maker reported $1.39 earnings per share for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.54). ANSYS had a return on equity of 10.45% and a net margin of 19.51%. The firm had revenue of $466.60 million for the quarter, compared to analyst estimates of $549.85 million. During the same period last year, the business earned $1.45 earnings per share. The firm’s quarterly revenue was down 8.4% compared to the same quarter last year. On average, analysts forecast that ANSYS, Inc. will post 7.16 EPS for the current year.

ANSYS Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for ANSYS (NASDAQ:ANSS)

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