State of Alaska Department of Revenue Cuts Stock Position in ANSYS, Inc. (NASDAQ:ANSS)

State of Alaska Department of Revenue cut its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) by 13.3% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 18,187 shares of the software maker’s stock after selling 2,785 shares during the period. State of Alaska Department of Revenue’s holdings in ANSYS were worth $6,313,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Treasurer of the State of North Carolina raised its position in shares of ANSYS by 11.1% during the 4th quarter. Treasurer of the State of North Carolina now owns 50,703 shares of the software maker’s stock worth $18,399,000 after purchasing an additional 5,055 shares during the last quarter. Evoke Wealth LLC purchased a new stake in ANSYS during the 4th quarter worth approximately $3,032,000. Ninety One North America Inc. raised its holdings in shares of ANSYS by 49.3% during the fourth quarter. Ninety One North America Inc. now owns 29,863 shares of the software maker’s stock valued at $10,837,000 after acquiring an additional 9,863 shares during the last quarter. Sei Investments Co. lifted its position in shares of ANSYS by 18.6% in the fourth quarter. Sei Investments Co. now owns 423,106 shares of the software maker’s stock valued at $153,537,000 after acquiring an additional 66,338 shares in the last quarter. Finally, Thematics Asset Management boosted its stake in shares of ANSYS by 25.0% in the fourth quarter. Thematics Asset Management now owns 90,898 shares of the software maker’s stock worth $32,985,000 after acquiring an additional 18,173 shares during the last quarter. 92.39% of the stock is owned by hedge funds and other institutional investors.

ANSYS Stock Down 0.0 %

Shares of NASDAQ ANSS opened at $326.95 on Thursday. The firm has a 50-day moving average price of $324.88 and a 200 day moving average price of $333.37. The stock has a market capitalization of $28.54 billion, a price-to-earnings ratio of 65.65, a price-to-earnings-growth ratio of 7.28 and a beta of 1.11. The company has a quick ratio of 2.80, a current ratio of 2.80 and a debt-to-equity ratio of 0.14. ANSYS, Inc. has a 52 week low of $258.01 and a 52 week high of $364.31.

ANSYS (NASDAQ:ANSS) last issued its quarterly earnings data on Wednesday, May 1st. The software maker reported $1.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.93 by ($0.54). The company had revenue of $466.60 million during the quarter, compared to analysts’ expectations of $549.85 million. ANSYS had a net margin of 19.51% and a return on equity of 10.45%. The firm’s revenue was down 8.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.45 earnings per share. Equities research analysts anticipate that ANSYS, Inc. will post 7.05 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on ANSS shares. Rosenblatt Securities restated a “neutral” rating and issued a $345.00 price objective on shares of ANSYS in a report on Friday, May 3rd. KeyCorp initiated coverage on shares of ANSYS in a research report on Thursday, June 27th. They set a “sector weight” rating on the stock. Finally, StockNews.com initiated coverage on shares of ANSYS in a report on Thursday. They issued a “hold” rating for the company. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $320.00.

Insiders Place Their Bets

In other news, Director Glenda Dorchak sold 150 shares of the business’s stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $342.08, for a total value of $51,312.00. Following the completion of the transaction, the director now 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 SEC, which is accessible through this link. 0.46% of the stock is owned by corporate insiders.

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.