Retirement Systems of Alabama Lowers Position in ANSYS, Inc. (NASDAQ:ANSS)

Retirement Systems of Alabama decreased its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) by 2.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 19,127 shares of the software maker’s stock after selling 498 shares during the quarter. Retirement Systems of Alabama’s holdings in ANSYS were worth $6,941,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of ANSS. Legacy Capital Wealth Partners LLC increased its holdings in shares of ANSYS by 6.3% in the fourth quarter. Legacy Capital Wealth Partners LLC now owns 1,264 shares of the software maker’s stock worth $459,000 after purchasing an additional 75 shares during the last quarter. Golden State Equity Partners bought a new stake in ANSYS in the 4th quarter worth approximately $356,000. Lyell Wealth Management LP purchased a new stake in shares of ANSYS during the 4th quarter worth approximately $209,000. Tokio Marine Asset Management Co. Ltd. raised its holdings in shares of ANSYS by 8.7% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 2,417 shares of the software maker’s stock worth $877,000 after acquiring an additional 194 shares in the last quarter. Finally, Atria Wealth Solutions Inc. boosted its position in shares of ANSYS by 156.9% during the 4th quarter. Atria Wealth Solutions Inc. now owns 2,489 shares of the software maker’s stock valued at $903,000 after acquiring an additional 1,520 shares during the last quarter. 92.39% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other ANSYS news, Director Glenda Dorchak sold 150 shares of ANSYS stock in a transaction on Monday, April 8th. The stock was sold at an average price of $342.08, for a total transaction of $51,312.00. Following the completion of the sale, the director now directly owns 3,049 shares of the company’s stock, valued at approximately $1,043,001.92. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.46% of the stock is owned by insiders.

ANSYS Stock Up 1.6 %

NASDAQ:ANSS opened at $319.52 on Friday. The company has a market cap of $27.89 billion, a price-to-earnings ratio of 64.16, a price-to-earnings-growth ratio of 4.93 and a beta of 1.16. ANSYS, Inc. has a twelve month low of $258.01 and a twelve month high of $364.31. The company has a current ratio of 2.80, a quick ratio of 2.30 and a debt-to-equity ratio of 0.14. The stock has a fifty day simple moving average of $335.57 and a 200-day simple moving average of $322.16.

ANSYS (NASDAQ:ANSS) last announced its quarterly earnings data on Wednesday, May 1st. The software maker reported $1.39 earnings per share for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.54). The company had revenue of $466.60 million for the quarter, compared to the consensus estimate of $549.85 million. ANSYS had a net margin of 19.51% and a return on equity of 10.45%. The company’s quarterly revenue was down 8.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.45 EPS. Analysts anticipate that ANSYS, Inc. will post 7.39 EPS for the current year.

Analyst Upgrades and Downgrades

ANSS has been the topic of several research reports. Rosenblatt Securities restated a “neutral” rating and issued a $345.00 price target on shares of ANSYS in a research report on Friday. Wolfe Research restated a “peer perform” rating on shares of ANSYS in a research report on Wednesday, January 17th. StockNews.com began coverage on ANSYS in a report on Wednesday. They issued a “hold” rating for the company. Mizuho decreased their price target on ANSYS from $350.00 to $330.00 and set a “neutral” rating on the stock in a report on Wednesday, January 17th. Finally, Barclays lifted their price objective on shares of ANSYS from $314.00 to $340.00 and gave the stock an “underweight” rating in a research note on Thursday, February 22nd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $320.00.

ANSYS Company 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.