Teachers Retirement System of The State of Kentucky Sells 198 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Teachers Retirement System of The State of Kentucky lowered its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) by 2.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,901 shares of the software maker’s stock after selling 198 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in ANSYS were worth $2,219,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. EP Wealth Advisors LLC bought a new position in ANSYS during the second quarter valued at $227,000. Ecofi Investissements SA bought a new stake in shares of ANSYS in the second quarter valued at $9,270,000. Regal Investment Advisors LLC lifted its position in shares of ANSYS by 43.9% during the 2nd quarter. Regal Investment Advisors LLC now owns 1,301 shares of the software maker’s stock valued at $418,000 after buying an additional 397 shares during the last quarter. Wellington Wealth Strategies LLC. bought a new position in shares of ANSYS during the 2nd quarter worth $238,000. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in ANSYS by 4.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,720 shares of the software maker’s stock worth $1,839,000 after acquiring an additional 239 shares during the last quarter. Institutional investors own 92.39% of the company’s stock.

Insider Buying and Selling

In other ANSYS news, Director Glenda Dorchak sold 159 shares of ANSYS stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $330.81, for a total transaction of $52,598.79. Following the completion of the sale, the director now directly owns 3,782 shares in the company, valued at $1,251,123.42. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.46% of the stock is owned by company insiders.

ANSYS Stock Performance

ANSYS stock opened at $315.73 on Friday. The firm’s 50 day simple moving average is $315.97 and its 200 day simple moving average is $324.14. The company has a current ratio of 2.95, a quick ratio of 2.95 and a debt-to-equity ratio of 0.13. ANSYS, Inc. has a 1-year low of $258.01 and a 1-year high of $364.31. The firm has a market capitalization of $27.56 billion, a PE ratio of 63.40, a price-to-earnings-growth ratio of 6.89 and a beta of 1.11.

ANSYS (NASDAQ:ANSS) last posted its quarterly earnings data on Wednesday, July 31st. The software maker reported $2.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.92 by $0.58. The company had revenue of $594.14 million during the quarter, compared to analyst estimates of $550.30 million. ANSYS had a return on equity of 11.51% and a net margin of 21.30%. The firm’s quarterly revenue was up 19.6% on a year-over-year basis. During the same quarter last year, the company earned $1.06 earnings per share. As a group, analysts expect that ANSYS, Inc. will post 7.32 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Rosenblatt Securities dropped their price objective on shares of ANSYS from $345.00 to $335.00 and set a “neutral” rating on the stock in a report on Tuesday, August 6th. StockNews.com started coverage on shares of ANSYS in a research report on Sunday, September 22nd. They issued a “hold” rating on the stock. Finally, KeyCorp began coverage on shares of ANSYS in a report on Thursday, June 27th. They issued a “sector weight” rating for the company. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $318.33.

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.