Retirement Systems of Alabama cut its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) by 75.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 41,453 shares of the software maker’s stock after selling 128,765 shares during the period. Retirement Systems of Alabama’s holdings in ANSYS were worth $5,044,000 as of its most recent filing with the SEC.
Several other institutional investors have also made changes to their positions in ANSS. Huntington National Bank increased its stake in ANSYS by 0.6% in the first quarter. Huntington National Bank now owns 1,549 shares of the software maker’s stock valued at $166,000 after buying an additional 9 shares in the last quarter. Gofen & Glossberg LLC IL increased its stake in ANSYS by 1.6% in the first quarter. Gofen & Glossberg LLC IL now owns 2,535 shares of the software maker’s stock valued at $271,000 after buying an additional 40 shares in the last quarter. Pacer Advisors Inc. increased its stake in ANSYS by 2.9% in the first quarter. Pacer Advisors Inc. now owns 1,539 shares of the software maker’s stock valued at $164,000 after buying an additional 44 shares in the last quarter. Mn Services Vermogensbeheer B.V. increased its stake in ANSYS by 3.3% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 2,308 shares of the software maker’s stock valued at $231,000 after buying an additional 74 shares in the last quarter. Finally, Bell Bank increased its stake in ANSYS by 3.9% in the first quarter. Bell Bank now owns 2,764 shares of the software maker’s stock valued at $295,000 after buying an additional 105 shares in the last quarter. 98.32% of the stock is currently owned by institutional investors and hedge funds.
Shares of ANSYS, Inc. (NASDAQ:ANSS) opened at 125.61 on Friday. ANSYS, Inc. has a one year low of $82.28 and a one year high of $131.63. The firm’s 50-day moving average price is $125.11 and its 200 day moving average price is $115.03. The stock has a market cap of $10.65 billion, a P/E ratio of 40.36 and a beta of 1.10.
ANSYS (NASDAQ:ANSS) last issued its quarterly earnings data on Wednesday, August 2nd. The software maker reported $0.99 EPS for the quarter, topping the Zacks’ consensus estimate of $0.92 by $0.07. The company had revenue of $264.30 million for the quarter, compared to analysts’ expectations of $259.75 million. ANSYS had a return on equity of 13.87% and a net margin of 26.37%. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.93 earnings per share. Equities research analysts expect that ANSYS, Inc. will post $3.86 EPS for the current fiscal year.
ANSS has been the topic of several research analyst reports. BidaskClub downgraded ANSYS from a “strong-buy” rating to a “buy” rating in a report on Friday, June 9th. Evercore ISI set a $113.00 price objective on ANSYS and gave the company a “hold” rating in a report on Saturday, June 10th. Zacks Investment Research upgraded ANSYS from a “sell” rating to a “hold” rating in a report on Monday, May 8th. Mitsubishi UFJ Financial Group downgraded ANSYS from an “overweight” rating to a “neutral” rating and boosted their price objective for the company from $112.00 to $114.00 in a report on Thursday, May 4th. Finally, Wedbush cut their price objective on ANSYS from $114.00 to $101.00 and set a “neutral” rating on the stock in a report on Monday, May 15th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. ANSYS currently has an average rating of “Hold” and a consensus price target of $105.75.
In other ANSYS news, Director Michael Thurk sold 4,800 shares of the business’s stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $123.95, for a total transaction of $594,960.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Patrick J. Zilvitis sold 2,000 shares of ANSYS stock in a transaction dated Tuesday, May 23rd. The stock was sold at an average price of $124.00, for a total value of $248,000.00. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.
About ANSYS
ANSYS, Inc (ANSYS) develops and markets engineering simulation software and services used by engineers, designers, researchers and students across a range of industries and academia, including aerospace and defense, automotive, industrial equipment, electronics, biomedical, energy, materials and chemical processing, and semiconductors.
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