California State Teachers Retirement System Acquires 3,960 Shares of ANSYS, Inc. (NASDAQ:ANSS)

California State Teachers Retirement System lifted its holdings in ANSYS, Inc. (NASDAQ:ANSS – Get Rating) by 2.8% in the third quarter, HoldingsChannel reports. The fund owned 147,273 shares of the software maker’s stock after buying an additional 3,960 shares during the period. California State Teachers Retirement System’s holdings in ANSYS were worth $32,650,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. American Century Companies Inc. raised its holdings in ANSYS by 12.4% during the 1st quarter. American Century Companies Inc. now owns 2,254 shares of the software maker’s stock valued at $716,000 after buying an additional 248 shares during the last quarter. Panagora Asset Management Inc. raised its holdings in ANSYS by 59.0% during the 1st quarter. Panagora Asset Management Inc. now owns 4,430 shares of the software maker’s stock valued at $1,407,000 after buying an additional 1,643 shares during the last quarter. Cibc World Market Inc. raised its holdings in ANSYS by 7.3% during the 1st quarter. Cibc World Market Inc. now owns 2,323 shares of the software maker’s stock valued at $738,000 after buying an additional 158 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in ANSYS by 3.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 301,397 shares of the software maker’s stock valued at $95,742,000 after buying an additional 10,284 shares during the last quarter. Finally, Allianz Asset Management GmbH raised its holdings in ANSYS by 4.5% during the 1st quarter. Allianz Asset Management GmbH now owns 71,045 shares of the software maker’s stock valued at $22,567,000 after buying an additional 3,063 shares during the last quarter. 89.82% of the stock is currently owned by institutional investors.

Insider Transactions at ANSYS

In other news, SVP Janet Lee sold 984 shares of the stock in a transaction that occurred on Tuesday, February 28th. The shares were sold at an average price of $300.31, for a total value of $295,505.04. Following the transaction, the senior vice president now owns 24,384 shares in the company, valued at approximately $7,322,759.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other ANSYS news, SVP Janet Lee sold 984 shares of the firm’s stock in a transaction that occurred on Tuesday, February 28th. The shares were sold at an average price of $300.31, for a total transaction of $295,505.04. Following the sale, the senior vice president now owns 24,384 shares in the company, valued at approximately $7,322,759.04. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Shane Emswiler sold 3,859 shares of the firm’s stock in a transaction that occurred on Tuesday, March 7th. The stock was sold at an average price of $307.82, for a total transaction of $1,187,877.38. Following the sale, the senior vice president now owns 25,990 shares in the company, valued at approximately $8,000,241.80. The disclosure for this sale can be found here. Insiders have sold 16,262 shares of company stock worth $4,517,182 in the last quarter. Company insiders own 0.63% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on ANSS shares. TheStreet upgraded shares of ANSYS from a “c+” rating to a “b” rating in a report on Wednesday, February 22nd. JPMorgan Chase & Co. increased their price objective on shares of ANSYS from $275.00 to $300.00 and gave the company an “overweight” rating in a research report on Monday, February 27th. StockNews.com assumed coverage on shares of ANSYS in a research report on Thursday. They set a “hold” rating on the stock. Robert W. Baird increased their price objective on shares of ANSYS from $305.00 to $327.00 and gave the company an “outperform” rating in a research report on Friday, February 24th. Finally, Barclays increased their price objective on shares of ANSYS from $200.00 to $226.00 and gave the company an “underweight” rating in a research report on Wednesday, January 11th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, ANSYS presently has an average rating of “Hold” and a consensus price target of $286.25.

ANSYS Price Performance

Shares of NASDAQ:ANSS opened at $311.09 on Friday. The firm’s 50 day moving average price is $277.57 and its 200-day moving average price is $250.18. ANSYS, Inc. has a twelve month low of $194.23 and a twelve month high of $328.94. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $27.09 billion, a PE ratio of 51.93, a price-to-earnings-growth ratio of 5.96 and a beta of 1.24.

ANSYS (NASDAQ:ANSS – Get Rating) last issued its quarterly earnings data on Thursday, February 23rd. The software maker reported $3.09 earnings per share for the quarter, topping the consensus estimate of $2.80 by $0.29. ANSYS had a net margin of 25.35% and a return on equity of 12.22%. The firm had revenue of $694.70 million for the quarter, compared to analysts’ expectations of $649.47 million. During the same quarter in the prior year, the business earned $2.41 EPS. The business’s quarterly revenue was up 5.0% on a year-over-year basis. Equities research analysts expect that ANSYS, Inc. will post 6.8 EPS for the current year.

About ANSYS

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ANSYS, Inc engages in the development and marketing of engineering simulation software and services. The firm’s solutions include automotive, aerospace and defense, construction, energy, materials and chemical processing, autonomous engineering, and electrification. The company was founded by John A.