Kentucky Retirement Systems Insurance Trust Fund Invests $236,000 in ANSYS, Inc. (ANSS) Stock

Kentucky Retirement Systems Insurance Trust Fund bought a new stake in ANSYS, Inc. (NASDAQ:ANSS) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,653 shares of the software maker’s stock, valued at approximately $236,000.

Several other hedge funds also recently bought and sold shares of ANSS. Vanguard Group Inc lifted its stake in ANSYS by 0.4% during the third quarter. Vanguard Group Inc now owns 8,770,380 shares of the software maker’s stock worth $1,637,254,000 after purchasing an additional 34,911 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of ANSYS by 7.5% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,953,093 shares of the software maker’s stock valued at $422,116,000 after acquiring an additional 206,347 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of ANSYS by 10.0% in the 4th quarter. Principal Financial Group Inc. now owns 2,049,950 shares of the software maker’s stock valued at $293,020,000 after acquiring an additional 186,051 shares during the last quarter. Morgan Stanley lifted its stake in shares of ANSYS by 0.8% in the 3rd quarter. Morgan Stanley now owns 1,444,181 shares of the software maker’s stock valued at $269,599,000 after acquiring an additional 11,718 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in shares of ANSYS by 1.1% in the 4th quarter. Northern Trust Corp now owns 1,149,516 shares of the software maker’s stock valued at $164,311,000 after acquiring an additional 12,917 shares during the last quarter. Institutional investors own 94.16% of the company’s stock.

A number of equities research analysts have recently weighed in on ANSS shares. BidaskClub raised ANSYS from a “hold” rating to a “buy” rating in a research note on Saturday, March 9th. Zacks Investment Research raised ANSYS from a “hold” rating to a “buy” rating and set a $200.00 price target for the company in a research report on Wednesday, March 6th. Finally, Stifel Nicolaus set a $185.00 target price on ANSYS and gave the stock a “hold” rating in a report on Thursday, February 28th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the stock. ANSYS currently has an average rating of “Buy” and a consensus price target of $182.31.

In other news, Director Michael Thurk sold 3,500 shares of the firm’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $179.19, for a total transaction of $627,165.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Ajei Gopal sold 883 shares of the firm’s stock in a transaction dated Thursday, February 28th. The shares were sold at an average price of $186.00, for a total value of $164,238.00. The disclosure for this sale can be found here. Insiders sold a total of 61,060 shares of company stock valued at $11,042,442 in the last quarter. 1.11% of the stock is currently owned by company insiders.

Shares of NASDAQ ANSS traded up $0.71 during midday trading on Wednesday, hitting $192.91. 332,780 shares of the stock traded hands, compared to its average volume of 416,189. The stock has a market capitalization of $16.18 billion, a price-to-earnings ratio of 37.03 and a beta of 1.35. ANSYS, Inc. has a one year low of $136.80 and a one year high of $195.25.

ANSYS (NASDAQ:ANSS) last announced its earnings results on Wednesday, February 27th. The software maker reported $1.90 EPS for the quarter, topping the Zacks’ consensus estimate of $1.33 by $0.57. ANSYS had a return on equity of 17.83% and a net margin of 32.42%. The company had revenue of $340.07 million for the quarter, compared to analysts’ expectations of $365.03 million. During the same period last year, the firm earned $1.07 EPS. ANSYS’s revenue for the quarter was up 12.1% compared to the same quarter last year. As a group, analysts expect that ANSYS, Inc. will post 4.99 EPS for the current fiscal year.

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About ANSYS

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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