State Board of Administration of Florida Retirement System Increases Stock Position in ANSYS, Inc. (NASDAQ:ANSS)

State Board of Administration of Florida Retirement System grew its stake in ANSYS, Inc. (NASDAQ:ANSS) by 3.7% during the first quarter, Holdings Channel.com reports. The fund owned 100,816 shares of the software maker’s stock after acquiring an additional 3,611 shares during the period. State Board of Administration of Florida Retirement System’s holdings in ANSYS were worth $33,552,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. CVA Family Office LLC purchased a new stake in ANSYS during the 4th quarter worth approximately $28,000. Quest Partners LLC purchased a new stake in shares of ANSYS during the fourth quarter worth $29,000. DSM Capital Partners LLC acquired a new stake in shares of ANSYS in the fourth quarter valued at $34,000. Core Wealth Advisors Inc. acquired a new stake in shares of ANSYS in the fourth quarter valued at $40,000. Finally, Turtle Creek Wealth Advisors LLC purchased a new position in ANSYS in the fourth quarter valued at $47,000. 92.39% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently weighed in on ANSS. StockNews.com initiated coverage on shares of ANSYS in a report on Friday, July 12th. They issued a “hold” rating on the stock. Rosenblatt Securities restated a “neutral” rating and issued a $345.00 price objective on shares of ANSYS in a report on Friday, May 3rd. Finally, KeyCorp assumed coverage on shares of ANSYS in a research report on Thursday, June 27th. They set 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 assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $320.00.

Insider Activity at ANSYS

In other news, Director Glenda Dorchak sold 159 shares of the company’s stock in a transaction 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 transaction, the director now directly owns 3,782 shares of the company’s stock, valued at approximately $1,251,123.42. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.46% of the company’s stock.

ANSYS Stock Performance

ANSYS stock traded down $3.06 during trading hours on Friday, reaching $312.61. 100,417 shares of the stock were exchanged, compared to its average volume of 599,107. ANSYS, Inc. has a 52-week low of $258.01 and a 52-week high of $364.31. The stock has a market cap of $27.29 billion, a P/E ratio of 63.39, a P/E/G ratio of 7.13 and a beta of 1.11. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.80 and a current ratio of 2.80. The firm’s 50 day moving average is $325.30 and its 200 day moving average is $332.66.

ANSYS (NASDAQ:ANSS) last posted its quarterly earnings results on Wednesday, May 1st. The software maker reported $1.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.93 by ($0.54). ANSYS had a return on equity of 10.45% and a net margin of 19.51%. The firm had revenue of $466.60 million for the quarter, compared to analysts’ expectations of $549.85 million. During the same period in the prior year, the company earned $1.45 earnings per share. The company’s revenue for the quarter was down 8.4% on a year-over-year basis. Analysts predict that ANSYS, Inc. will post 7.05 EPS for the current fiscal year.

ANSYS 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.