Public Employees Retirement Association of Colorado Sells 973 Shares of ANSYS, Inc. (NASDAQ:ANSS)

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Public Employees Retirement Association of Colorado trimmed its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS) by 7.8% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,572 shares of the software maker’s stock after selling 973 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in ANSYS were worth $2,370,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. grew its stake in shares of ANSYS by 4.8% during the 1st quarter. BlackRock Inc. now owns 6,779,063 shares of the software maker’s stock worth $1,238,602,000 after acquiring an additional 312,390 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of ANSYS by 1.7% during the 1st quarter. Principal Financial Group Inc. now owns 2,084,035 shares of the software maker’s stock worth $380,774,000 after acquiring an additional 34,085 shares in the last quarter. Pictet Asset Management Ltd. grew its stake in shares of ANSYS by 6.6% during the 1st quarter. Pictet Asset Management Ltd. now owns 1,067,992 shares of the software maker’s stock worth $195,133,000 after acquiring an additional 66,077 shares in the last quarter. AKO Capital LLP grew its stake in shares of ANSYS by 49.2% during the 1st quarter. AKO Capital LLP now owns 941,150 shares of the software maker’s stock worth $171,958,000 after acquiring an additional 310,181 shares in the last quarter. Finally, Ownership Capital B.V. grew its stake in shares of ANSYS by 6.4% during the 1st quarter. Ownership Capital B.V. now owns 683,660 shares of the software maker’s stock worth $124,912,000 after acquiring an additional 40,992 shares in the last quarter. 93.50% of the stock is owned by institutional investors and hedge funds.

In other ANSYS news, Director Alec D. Gallimore sold 638 shares of the firm’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $185.78, for a total transaction of $118,527.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director William R. Mcdermott sold 1,765 shares of the firm’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $181.53, for a total value of $320,400.45. The disclosure for this sale can be found here. In the last three months, insiders sold 2,500 shares of company stock valued at $459,344. 1.11% of the stock is currently owned by insiders.

ANSS has been the subject of several research reports. Evercore ISI reaffirmed a “hold” rating and set a $160.00 price target on shares of ANSYS in a research note on Tuesday, August 6th. Benchmark reaffirmed a “buy” rating and set a $210.00 price target (up from $203.00) on shares of ANSYS in a research note on Friday, May 3rd. BidaskClub raised shares of ANSYS from a “hold” rating to a “buy” rating in a research note on Thursday. Citigroup initiated coverage on shares of ANSYS in a research note on Monday, July 22nd. They set a “buy” rating and a $250.00 price target for the company. Finally, JPMorgan Chase & Co. raised their price target on shares of ANSYS from $160.00 to $190.00 and gave the stock an “underweight” rating in a research note on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $204.22.

NASDAQ ANSS opened at $209.57 on Friday. The company has a market cap of $17.17 billion, a PE ratio of 40.22 and a beta of 1.42. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.03. ANSYS, Inc. has a 12 month low of $136.80 and a 12 month high of $215.39. The stock has a 50 day moving average of $207.62 and a 200-day moving average of $190.41.

ANSYS (NASDAQ:ANSS) last released its quarterly earnings data on Monday, August 5th. The software maker reported $1.34 EPS for the quarter, beating the consensus estimate of $1.09 by $0.25. The company had revenue of $370.51 million during the quarter, compared to the consensus estimate of $338.31 million. ANSYS had a return on equity of 17.17% and a net margin of 31.53%. The firm’s revenue for the quarter was up 20.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.35 EPS. As a group, sell-side analysts predict that ANSYS, Inc. will post 5.2 EPS for the current fiscal year.

About ANSYS

ANSYS, Inc develops and markets engineering simulation software and services worldwide. The company offers ANSYS Workbench, a framework upon which the company's engineering simulation technologies are built; ANSYS multiphysics software to simulate the interactions between structures, heat transfer, fluids, and electronics in a unified engineering simulation environment; and structural analysis product suite that provides simulation tools for product design and optimization.

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Institutional Ownership by Quarter for ANSYS (NASDAQ:ANSS)

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