Mirae Asset Global Investments Co. Ltd. Decreases Holdings in ANSYS, Inc. (NASDAQ:ANSS)

Mirae Asset Global Investments Co. Ltd. reduced its position in ANSYS, Inc. (NASDAQ:ANSS) by 10.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 23,799 shares of the software maker’s stock after selling 2,790 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in ANSYS were worth $8,083,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in ANSS. AQR Capital Management LLC raised its holdings in ANSYS by 21.6% in the 2nd quarter. AQR Capital Management LLC now owns 2,722 shares of the software maker’s stock valued at $875,000 after acquiring an additional 483 shares during the last quarter. Czech National Bank lifted its holdings in shares of ANSYS by 7.0% during the 3rd quarter. Czech National Bank now owns 17,801 shares of the software maker’s stock worth $5,672,000 after acquiring an additional 1,166 shares during the period. CWM LLC grew its holdings in ANSYS by 3.8% in the third quarter. CWM LLC now owns 6,112 shares of the software maker’s stock valued at $1,947,000 after purchasing an additional 226 shares during the period. Wedmont Private Capital boosted its holdings in shares of ANSYS by 2.7% in the 3rd quarter. Wedmont Private Capital now owns 2,176 shares of the software maker’s stock valued at $681,000 after purchasing an additional 57 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt grew its stake in shares of ANSYS by 32.6% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 7,073 shares of the software maker’s stock valued at $2,253,000 after buying an additional 1,740 shares during the period. 92.39% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Glenda Dorchak sold 200 shares of the business’s stock in a transaction on Monday, January 13th. The shares were sold at an average price of $336.62, for a total transaction of $67,324.00. Following the completion of the transaction, the director now owns 3,430 shares of the company’s stock, valued at approximately $1,154,606.60. The trade was a 5.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.46% of the stock is owned by company insiders.

ANSYS Trading Down 0.5 %

NASDAQ:ANSS opened at $344.86 on Friday. The company has a market cap of $30.16 billion, a PE ratio of 53.22, a P/E/G ratio of 3.65 and a beta of 1.12. The business’s 50 day moving average is $344.34 and its two-hundred day moving average is $330.51. The company has a quick ratio of 3.11, a current ratio of 3.11 and a debt-to-equity ratio of 0.13. ANSYS, Inc. has a 52 week low of $289.82 and a 52 week high of $363.03.

Analyst Upgrades and Downgrades

ANSS has been the subject of a number of research analyst reports. StockNews.com downgraded shares of ANSYS from a “buy” rating to a “hold” rating in a research report on Monday, January 6th. Robert W. Baird lifted their target price on ANSYS from $350.00 to $365.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price 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.