Louisiana State Employees Retirement System Sells 500 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Louisiana State Employees Retirement System lowered its stake in ANSYS, Inc. (NASDAQ:ANSS) by 4.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,100 shares of the software maker’s stock after selling 500 shares during the quarter. Louisiana State Employees Retirement System’s holdings in ANSYS were worth $3,744,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in ANSS. Exchange Traded Concepts LLC boosted its position in shares of ANSYS by 2,656.5% in the third quarter. Exchange Traded Concepts LLC now owns 634 shares of the software maker’s stock valued at $202,000 after acquiring an additional 611 shares during the period. Procyon Advisors LLC lifted its stake in ANSYS by 2.5% in the 3rd quarter. Procyon Advisors LLC now owns 2,263 shares of the software maker’s stock worth $721,000 after purchasing an additional 56 shares in the last quarter. Swedbank AB boosted its holdings in ANSYS by 5.5% in the 3rd quarter. Swedbank AB now owns 8,401 shares of the software maker’s stock valued at $2,677,000 after purchasing an additional 438 shares during the period. Asset Dedication LLC grew its position in shares of ANSYS by 35.1% during the 3rd quarter. Asset Dedication LLC now owns 385 shares of the software maker’s stock valued at $123,000 after purchasing an additional 100 shares in the last quarter. Finally, Kopion Asset Management LLC grew its position in shares of ANSYS by 39.7% during the 3rd quarter. Kopion Asset Management LLC now owns 23,332 shares of the software maker’s stock valued at $7,434,000 after purchasing an additional 6,635 shares in the last quarter. Hedge funds and other institutional investors own 92.39% of the company’s stock.

Insider Buying and Selling at ANSYS

In other news, Director Glenda Dorchak sold 200 shares of the stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $336.62, for a total transaction of $67,324.00. Following the transaction, the director now directly owns 3,430 shares in the company, valued at approximately $1,154,606.60. This represents a 5.51 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.46% of the company’s stock.

ANSYS Stock Performance

NASDAQ ANSS opened at $334.12 on Thursday. ANSYS, Inc. has a 52-week low of $289.82 and a 52-week high of $363.03. The company has a fifty day moving average of $343.85 and a 200-day moving average of $331.33. The company has a market capitalization of $29.22 billion, a P/E ratio of 51.56, a P/E/G ratio of 3.61 and a beta of 1.12. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.11 and a current ratio of 3.11.

Analyst Ratings Changes

ANSS has been the subject of several research analyst reports. Robert W. Baird lifted their price objective on ANSYS from $350.00 to $365.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. StockNews.com downgraded ANSYS from a “buy” rating to a “hold” rating in a research report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $346.67.

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.