ANSYS, Inc. (NASDAQ:ANSS) Holdings Cut by State Board of Administration of Florida Retirement System

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State Board of Administration of Florida Retirement System lowered its holdings in ANSYS, Inc. (NASDAQ:ANSS) by 1.9% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 120,356 shares of the software maker’s stock after selling 2,353 shares during the period. State Board of Administration of Florida Retirement System owned about 0.14% of ANSYS worth $35,111,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Rafferty Asset Management LLC lifted its holdings in ANSYS by 73.3% in the second quarter. Rafferty Asset Management LLC now owns 20,214 shares of the software maker’s stock worth $5,897,000 after acquiring an additional 8,553 shares during the last quarter. Hoover Financial Advisors Inc. acquired a new stake in shares of ANSYS in the second quarter valued at approximately $29,000. Sentry Investment Management LLC increased its stake in shares of ANSYS by 9.8% in the second quarter. Sentry Investment Management LLC now owns 5,456 shares of the software maker’s stock valued at $1,592,000 after purchasing an additional 486 shares during the period. Cedar Capital LLC increased its stake in shares of ANSYS by 20.3% in the second quarter. Cedar Capital LLC now owns 7,093 shares of the software maker’s stock valued at $2,069,000 after purchasing an additional 1,198 shares during the period. Finally, Steward Partners Investment Advisory LLC increased its stake in shares of ANSYS by 247.9% in the second quarter. Steward Partners Investment Advisory LLC now owns 3,705 shares of the software maker’s stock valued at $1,081,000 after purchasing an additional 2,640 shares during the period. 92.11% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts recently commented on the stock. BidaskClub upgraded shares of ANSYS from a “buy” rating to a “strong-buy” rating in a research note on Friday. Guggenheim raised their price objective on shares of ANSYS from $278.00 to $350.00 and gave the company a “buy” rating in a research note on Tuesday, August 4th. Wedbush raised their price objective on shares of ANSYS from $280.00 to $308.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. Barclays raised their price objective on shares of ANSYS from $210.00 to $224.00 and gave the company an “underweight” rating in a research note on Monday, July 20th. Finally, Royal Bank of Canada raised their price objective on shares of ANSYS from $230.00 to $260.00 and gave the company a “sector perform” rating in a research note on Friday, May 8th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. ANSYS has a consensus rating of “Hold” and an average target price of $270.29.

In other ANSYS news, Director Alec D. Gallimore sold 480 shares of the stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $307.87, for a total value of $147,777.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Shane Emswiler sold 2,250 shares of the stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $318.27, for a total transaction of $716,107.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,780 shares of company stock valued at $1,161,550. Corporate insiders own 0.58% of the company’s stock.

ANSYS stock traded down $3.56 during midday trading on Friday, reaching $324.76. The stock had a trading volume of 3,595 shares, compared to its average volume of 363,642. The firm’s fifty day simple moving average is $305.00 and its two-hundred day simple moving average is $271.93. ANSYS, Inc. has a twelve month low of $200.07 and a twelve month high of $328.92. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.38 and a quick ratio of 2.38. The firm has a market cap of $27.41 billion, a price-to-earnings ratio of 71.53 and a beta of 1.22.

ANSYS (NASDAQ:ANSS) last posted its quarterly earnings data on Wednesday, August 5th. The software maker reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.67. The firm had revenue of $389.70 million during the quarter, compared to analyst estimates of $353.63 million. ANSYS had a net margin of 26.17% and a return on equity of 12.91%. As a group, sell-side analysts predict that ANSYS, Inc. will post 4.89 EPS for the current fiscal year.

ANSYS Profile

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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