Inspire Investing LLC Decreases Holdings in ANSYS, Inc. (NASDAQ:ANSS)

Inspire Investing LLC decreased its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS) by 4.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,422 shares of the software maker’s stock after selling 384 shares during the quarter. Inspire Investing LLC’s holdings in ANSYS were worth $2,841,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mutual Advisors LLC acquired a new position in ANSYS in the 4th quarter valued at about $215,000. SG Americas Securities LLC raised its stake in shares of ANSYS by 26.1% during the fourth quarter. SG Americas Securities LLC now owns 11,161 shares of the software maker’s stock worth $3,765,000 after purchasing an additional 2,307 shares during the last quarter. Eads & Heald Wealth Management raised its position in ANSYS by 15.3% during the 4th quarter. Eads & Heald Wealth Management now owns 2,920 shares of the software maker’s stock worth $985,000 after buying an additional 387 shares during the last quarter. Koshinski Asset Management Inc. increased its stake in shares of ANSYS by 0.8% during the fourth quarter. Koshinski Asset Management Inc. now owns 4,367 shares of the software maker’s stock worth $1,473,000 after acquiring an additional 34 shares during the period. Finally, Ulland Investment Advisors LLC lifted its position in ANSYS by 107.6% in the fourth quarter. Ulland Investment Advisors LLC now owns 2,635 shares of the software maker’s stock valued at $889,000 after purchasing an additional 1,366 shares during the period. 92.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on ANSS. StockNews.com downgraded ANSYS from a “buy” rating to a “hold” rating in a research note on Monday, January 6th. Robert W. Baird lifted 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. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat, ANSYS presently has a consensus rating of “Hold” and an average target price of $346.67.

Insider Buying and Selling

In related news, Director Glenda Dorchak sold 200 shares of the company’s stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $336.62, for a total transaction of $67,324.00. Following the sale, the director now directly owns 3,430 shares of the company’s stock, valued at approximately $1,154,606.60. This represents a 5.51 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.46% of the company’s stock.

ANSYS Stock Performance

Shares of ANSS stock opened at $356.63 on Thursday. The company’s fifty day moving average price is $343.13 and its two-hundred day moving average price is $328.64. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.11 and a quick ratio of 3.11. The firm has a market capitalization of $31.19 billion, a P/E ratio of 55.04, a P/E/G ratio of 3.67 and a beta of 1.11. ANSYS, Inc. has a 12 month low of $289.82 and a 12 month high of $363.03.

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.