Kentucky Retirement Systems Insurance Trust Fund Sells 229 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Kentucky Retirement Systems Insurance Trust Fund reduced its stake in ANSYS, Inc. (NASDAQ:ANSS) by 8.1% during the third quarter, HoldingsChannel.com reports. The firm owned 2,587 shares of the software maker’s stock after selling 229 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in ANSYS were worth $824,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Avantax Advisory Services Inc. grew its stake in shares of ANSYS by 14.5% in the first quarter. Avantax Advisory Services Inc. now owns 931 shares of the software maker’s stock worth $323,000 after acquiring an additional 118 shares during the last quarter. O Shaughnessy Asset Management LLC increased its stake in ANSYS by 5.1% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 4,436 shares of the software maker’s stock valued at $1,540,000 after purchasing an additional 215 shares in the last quarter. UniSuper Management Pty Ltd raised its holdings in ANSYS by 32.3% in the first quarter. UniSuper Management Pty Ltd now owns 13,931 shares of the software maker’s stock worth $4,836,000 after buying an additional 3,400 shares during the last quarter. New Age Alpha Advisors LLC bought a new position in shares of ANSYS in the first quarter worth approximately $4,860,000. Finally, Lake Street Advisors Group LLC grew its holdings in shares of ANSYS by 35.8% during the first quarter. Lake Street Advisors Group LLC now owns 793 shares of the software maker’s stock valued at $275,000 after buying an additional 209 shares during the last quarter. Hedge funds and other institutional investors own 92.39% of the company’s stock.

ANSYS Price Performance

NASDAQ ANSS opened at $332.38 on Monday. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.11 and a quick ratio of 3.11. ANSYS, Inc. has a 1-year low of $275.81 and a 1-year high of $364.31. The stock has a market capitalization of $29.07 billion, a price-to-earnings ratio of 51.29, a PEG ratio of 3.76 and a beta of 1.11. The business’s fifty day moving average price is $324.95 and its 200-day moving average price is $322.36.

Analysts Set New Price Targets

Several research firms recently issued reports on ANSS. Robert W. Baird upped their price objective on ANSYS from $350.00 to $365.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Rosenblatt Securities dropped their price objective on ANSYS from $345.00 to $335.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 6th. Finally, StockNews.com downgraded ANSYS from a “buy” rating to a “hold” rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $342.50.

Insider Buying and Selling at ANSYS

In other news, Director Glenda Dorchak sold 152 shares of the company’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $313.61, for a total transaction of $47,668.72. Following the completion of the sale, the director now owns 3,630 shares of the company’s stock, valued at $1,138,404.30. This represents a 4.02 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.46% of the stock is owned by corporate insiders.

ANSYS Company 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.