Oregon Public Employees Retirement Fund Acquires 58 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Oregon Public Employees Retirement Fund grew its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS) by 0.8% in the fourth quarter, HoldingsChannel reports. The fund owned 7,494 shares of the software maker’s stock after purchasing an additional 58 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in ANSYS were worth $2,528,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Stock Yards Bank & Trust Co. grew its position in shares of ANSYS by 1.3% during the 4th quarter. Stock Yards Bank & Trust Co. now owns 2,275 shares of the software maker’s stock valued at $767,000 after acquiring an additional 30 shares during the period. Greenleaf Trust lifted its stake in shares of ANSYS by 0.9% during the 4th quarter. Greenleaf Trust now owns 3,651 shares of the software maker’s stock valued at $1,232,000 after buying an additional 32 shares in the last quarter. Koshinski Asset Management Inc. lifted its stake in shares of ANSYS by 0.8% during the 4th quarter. Koshinski Asset Management Inc. now owns 4,367 shares of the software maker’s stock valued at $1,473,000 after buying an additional 34 shares in the last quarter. BTC Capital Management Inc. lifted its stake in shares of ANSYS by 2.5% during the 4th quarter. BTC Capital Management Inc. now owns 1,499 shares of the software maker’s stock valued at $506,000 after buying an additional 36 shares in the last quarter. Finally, Summerhill Capital Management lnc. lifted its stake in shares of ANSYS by 0.6% during the 4th quarter. Summerhill Capital Management lnc. now owns 6,139 shares of the software maker’s stock valued at $2,071,000 after buying an additional 36 shares in the last quarter. Institutional investors own 92.39% of the company’s stock.

ANSYS Stock Down 0.6 %

Shares of ANSS stock opened at $330.37 on Friday. The stock has a market cap of $28.96 billion, a P/E ratio of 50.44, a PEG ratio of 3.48 and a beta of 1.12. ANSYS, Inc. has a 52 week low of $289.82 and a 52 week high of $363.03. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.12. The company’s fifty day simple moving average is $342.14 and its two-hundred day simple moving average is $333.46.

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

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on ANSS shares. StockNews.com upgraded shares of ANSYS from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. Robert W. Baird lifted their target price on shares of ANSYS from $350.00 to $365.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Finally, Rosenblatt Securities lifted their target price on shares of ANSYS from $335.00 to $340.00 and gave the company a “neutral” rating in a research note on Friday, February 21st.

Insiders Place Their Bets

In other news, Director Glenda Dorchak sold 200 shares of the company’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $336.62, for a total transaction of $67,324.00. Following the sale, 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.46% of the company’s stock.

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.