Louisiana State Employees Retirement System Sells 16,300 Shares of ANSYS, Inc. (ANSS)
Louisiana State Employees Retirement System lowered its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) by 75.5% during the second quarter, Holdings Channel reports. The firm owned 5,300 shares of the software maker’s stock after selling 16,300 shares during the period. Louisiana State Employees Retirement System’s holdings in ANSYS were worth $645,000 at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. Creative Planning increased its position in ANSYS by 68.6% in the second quarter. Creative Planning now owns 875 shares of the software maker’s stock valued at $106,000 after buying an additional 356 shares during the period. Crestwood Advisors Group LLC acquired a new position in ANSYS during the first quarter valued at $128,000. Global X Management Co. LLC increased its position in ANSYS by 30.6% in the first quarter. Global X Management Co. LLC now owns 1,263 shares of the software maker’s stock valued at $135,000 after buying an additional 296 shares during the period. Pacer Advisors Inc. increased its position 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 during the period. Finally, Huntington National Bank increased its position 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 during the period. Hedge funds and other institutional investors own 98.16% of the company’s stock.
Shares of ANSYS, Inc. (NASDAQ:ANSS) traded up 0.65% during midday trading on Monday, hitting $125.13. 50,719 shares of the stock were exchanged. The stock’s 50-day moving average price is $123.95 and its 200 day moving average price is $112.54. ANSYS, Inc. has a one year low of $82.28 and a one year high of $131.63. The stock has a market cap of $10.66 billion, a P/E ratio of 40.21 and a beta of 1.10.
ANSYS (NASDAQ:ANSS) last posted its quarterly earnings data on Wednesday, August 2nd. The software maker reported $0.99 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.92 by $0.07. The firm had revenue of $264.30 million for the quarter, compared to the consensus estimate of $259.75 million. ANSYS had a return on equity of 13.87% and a net margin of 26.37%. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.93 EPS. On average, analysts anticipate that ANSYS, Inc. will post $3.85 earnings per share for the current year.
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Several equities analysts have weighed in on the stock. Zacks Investment Research upgraded shares of ANSYS from a “sell” rating to a “hold” rating in a report on Monday, May 8th. BidaskClub downgraded shares of ANSYS from a “buy” rating to a “hold” rating in a report on Saturday, June 17th. Evercore ISI set a $113.00 price target on shares of ANSYS and gave the stock a “hold” rating in a report on Saturday, June 10th. Wedbush lowered their price target on shares of ANSYS from $114.00 to $101.00 and set a “neutral” rating for the company in a report on Monday, May 15th. Finally, Barclays PLC reiterated an “underweight” rating and set a $115.00 price target (up from $96.00) on shares of ANSYS in a report on Friday, May 5th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently 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 transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Patrick J. Zilvitis sold 2,000 shares of the business’s 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. 1.30% of the stock is currently owned by insiders.
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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