Teachers Retirement System of The State of Kentucky Reduces Holdings in ANSYS, Inc. (NASDAQ:ANSS)

Teachers Retirement System of The State of Kentucky lowered its stake in ANSYS, Inc. (NASDAQ:ANSS) by 5.4% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,526 shares of the software maker’s stock after selling 375 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in ANSYS were worth $2,079,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of ANSS. Wealth Enhancement Advisory Services LLC boosted its stake in shares of ANSYS by 16.7% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 2,430 shares of the software maker’s stock valued at $781,000 after acquiring an additional 348 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of ANSYS by 2.1% during the second quarter. Assenagon Asset Management S.A. now owns 9,637 shares of the software maker’s stock worth $3,098,000 after buying an additional 201 shares in the last quarter. Fifth Third Wealth Advisors LLC acquired a new position in shares of ANSYS in the second quarter valued at approximately $253,000. Harvey Investment Co. LLC lifted its stake in shares of ANSYS by 0.5% during the second quarter. Harvey Investment Co. LLC now owns 100,391 shares of the software maker’s stock valued at $32,276,000 after buying an additional 460 shares during the period. Finally, Eads & Heald Wealth Management acquired a new stake in ANSYS during the second quarter worth approximately $801,000. Institutional investors and hedge funds own 92.39% of the company’s stock.

ANSYS Trading Up 0.7 %

Shares of ANSS opened at $342.61 on Tuesday. ANSYS, Inc. has a twelve month low of $289.82 and a twelve month high of $364.31. The firm has a market capitalization of $29.96 billion, a P/E ratio of 52.87, a price-to-earnings-growth ratio of 3.89 and a beta of 1.10. The company has a current ratio of 3.11, a quick ratio of 3.11 and a debt-to-equity ratio of 0.13. The stock’s fifty day simple moving average is $336.94 and its 200 day simple moving average is $325.35.

Insiders Place Their Bets

In related news, Director Glenda Dorchak sold 152 shares of the stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $313.61, for a total transaction of $47,668.72. Following the completion of the sale, the director now owns 3,630 shares of the company’s stock, valued at approximately $1,138,404.30. This represents a 4.02 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.46% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Robert W. Baird boosted their price target on ANSYS from $350.00 to $365.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. StockNews.com upgraded ANSYS from a “hold” rating to a “buy” rating in a research note on Monday, December 9th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, ANSYS currently has a consensus rating of “Hold” and an average target price of $342.50.

ANSYS 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.