Kentucky Retirement Systems Lowers Stake in ANSYS, Inc. (NASDAQ:ANSS)

Kentucky Retirement Systems cut its position in shares of ANSYS, Inc. (NASDAQ:ANSS) by 1.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 6,005 shares of the software maker’s stock after selling 83 shares during the quarter. Kentucky Retirement Systems’ holdings in ANSYS were worth $2,026,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Stock Yards Bank & Trust Co. grew its holdings in shares of ANSYS by 1.3% during the fourth quarter. Stock Yards Bank & Trust Co. now owns 2,275 shares of the software maker’s stock worth $767,000 after buying an additional 30 shares in the last quarter. Greenleaf Trust grew its holdings in shares of ANSYS by 0.9% during the fourth quarter. Greenleaf Trust now owns 3,651 shares of the software maker’s stock worth $1,232,000 after buying an additional 32 shares in the last quarter. Koshinski Asset Management Inc. grew its holdings in shares of ANSYS by 0.8% during the fourth quarter. Koshinski Asset Management Inc. now owns 4,367 shares of the software maker’s stock worth $1,473,000 after buying an additional 34 shares in the last quarter. BTC Capital Management Inc. grew its holdings in shares of ANSYS by 2.5% during the fourth quarter. BTC Capital Management Inc. now owns 1,499 shares of the software maker’s stock worth $506,000 after buying an additional 36 shares in the last quarter. Finally, OneDigital Investment Advisors LLC grew its holdings in shares of ANSYS by 3.0% during the third quarter. OneDigital Investment Advisors LLC now owns 1,285 shares of the software maker’s stock worth $409,000 after buying an additional 37 shares in the last quarter. 92.39% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at ANSYS

In other news, Director Glenda Dorchak sold 200 shares of the business’s stock in a transaction on Monday, January 13th. The shares were 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 of the company’s stock, valued at approximately $1,154,606.60. The trade was a 5.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.46% of the company’s stock.

ANSYS Trading Down 1.8 %

Shares of ANSS stock opened at $334.21 on Friday. The stock has a market cap of $29.29 billion, a price-to-earnings ratio of 51.02, a price-to-earnings-growth ratio of 3.55 and a beta of 1.12. The company has a quick ratio of 3.11, a current ratio of 3.01 and a debt-to-equity ratio of 0.12. ANSYS, Inc. has a fifty-two week low of $289.82 and a fifty-two week high of $363.03. The firm’s 50 day moving average price is $342.69 and its two-hundred day moving average price is $332.74.

ANSYS (NASDAQ:ANSS) last announced its quarterly earnings results on Wednesday, February 19th. The software maker reported $3.65 earnings per share for the quarter, missing analysts’ consensus estimates of $3.97 by ($0.32). The business had revenue of $882.17 million for the quarter, compared to analyst estimates of $864.46 million. ANSYS had a net margin of 22.62% and a return on equity of 12.69%. On average, analysts anticipate that ANSYS, Inc. will post 8.32 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on ANSS shares. Rosenblatt Securities lifted their price target on shares of ANSYS from $335.00 to $340.00 and gave the stock a “neutral” rating in a report on Friday. Robert W. Baird boosted their target price on shares of ANSYS from $350.00 to $365.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Finally, StockNews.com upgraded shares of ANSYS from a “hold” rating to a “buy” rating in a report on Friday.

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.