State Board of Administration of Florida Retirement System Reduces Stake in ANSYS, Inc. (ANSS)
State Board of Administration of Florida Retirement System decreased its holdings in ANSYS, Inc. (NASDAQ:ANSS) by 0.2% during the second quarter, HoldingsChannel.com reports. The firm owned 129,368 shares of the software maker’s stock after selling 312 shares during the period. State Board of Administration of Florida Retirement System’s holdings in ANSYS were worth $22,533,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Piedmont Investment Advisors LLC acquired a new position in shares of ANSYS in the 2nd quarter valued at about $166,000. Steward Partners Investment Advisory LLC increased its holdings in shares of ANSYS by 338.8% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 1,040 shares of the software maker’s stock valued at $181,000 after purchasing an additional 803 shares during the period. Eagle Ridge Investment Management acquired a new position in shares of ANSYS in the 2nd quarter valued at about $216,000. Fiera Capital Corp acquired a new position in shares of ANSYS in the 1st quarter valued at about $211,000. Finally, GWM Advisors LLC acquired a new position in shares of ANSYS in the 1st quarter valued at about $214,000. Institutional investors own 93.61% of the company’s stock.
In other ANSYS news, Director Michael Thurk sold 3,500 shares of the stock in a transaction that occurred on Wednesday, August 1st. The stock was sold at an average price of $170.19, for a total transaction of $595,665.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director James E. Cashman III sold 40,254 shares of the stock in a transaction that occurred on Tuesday, May 22nd. The shares were sold at an average price of $163.76, for a total value of $6,591,995.04. The disclosure for this sale can be found here. Insiders sold 77,465 shares of company stock worth $12,942,788 in the last 90 days. 1.10% of the stock is currently owned by corporate insiders.
ANSYS (NASDAQ:ANSS) last released its quarterly earnings data on Monday, August 6th. The software maker reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.25. ANSYS had a return on equity of 14.95% and a net margin of 25.98%. The firm had revenue of $308.90 million for the quarter, compared to the consensus estimate of $288.26 million. During the same quarter in the prior year, the company posted $0.99 earnings per share. The firm’s revenue was up 16.9% on a year-over-year basis. analysts expect that ANSYS, Inc. will post 4.4 EPS for the current fiscal year.
A number of equities analysts have recently weighed in on the company. Berenberg Bank upped their target price on ANSYS from $190.00 to $200.00 and gave the company a “buy” rating in a report on Tuesday, August 7th. Mitsubishi UFJ Financial Group upgraded ANSYS from a “neutral” rating to an “overweight” rating in a report on Thursday, May 3rd. Citigroup reiterated an “overweight” rating on shares of ANSYS in a report on Tuesday. Barclays upped their target price on ANSYS from $152.00 to $162.00 and gave the company an “underweight” rating in a report on Wednesday, August 8th. Finally, Evercore ISI restated a “hold” rating and issued a $150.00 price objective on shares of ANSYS in a report on Monday, August 6th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $165.45.
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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