ANSYS, Inc. (NASDAQ:ANSS) Shares Sold by Perpetual Ltd

Perpetual Ltd trimmed its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS) by 27.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 21,315 shares of the software maker’s stock after selling 8,100 shares during the period. Perpetual Ltd’s holdings in ANSYS were worth $7,190,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in ANSS. Bangor Savings Bank boosted its stake in shares of ANSYS by 32.7% in the third quarter. Bangor Savings Bank now owns 138 shares of the software maker’s stock valued at $44,000 after purchasing an additional 34 shares during the period. DiNuzzo Private Wealth Inc. lifted its holdings in ANSYS by 2,833.3% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 176 shares of the software maker’s stock worth $56,000 after buying an additional 170 shares in the last quarter. Intact Investment Management Inc. purchased a new position in ANSYS in the 3rd quarter valued at about $70,000. Brooklyn Investment Group acquired a new stake in shares of ANSYS during the third quarter valued at about $119,000. Finally, Asset Dedication LLC lifted its stake in shares of ANSYS by 35.1% in the third quarter. Asset Dedication LLC now owns 385 shares of the software maker’s stock worth $123,000 after acquiring an additional 100 shares in the last quarter. 92.39% of the stock is currently owned by institutional investors and hedge funds.

ANSYS Stock Up 0.6 %

Shares of ANSYS stock opened at $352.07 on Wednesday. The company has a quick ratio of 3.11, a current ratio of 3.11 and a debt-to-equity ratio of 0.13. The business has a 50-day moving average price of $342.73 and a 200 day moving average price of $328.29. ANSYS, Inc. has a fifty-two week low of $289.82 and a fifty-two week high of $363.03. The firm has a market cap of $30.79 billion, a P/E ratio of 54.33, a P/E/G ratio of 3.65 and a beta of 1.11.

Insider Activity

In other ANSYS news, Director Glenda Dorchak sold 200 shares of ANSYS stock in a transaction on Monday, January 13th. The shares were sold at an average price of $336.62, for a total value of $67,324.00. Following the completion of the transaction, the director now owns 3,430 shares of the company’s stock, valued at $1,154,606.60. The trade was a 5.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ANSS. Robert W. Baird raised their price objective on ANSYS from $350.00 to $365.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. StockNews.com downgraded shares of ANSYS from a “buy” rating to a “hold” rating in a research report on Monday, January 6th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $346.67.

ANSYS 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.