abrdn plc Decreases Stake in ANSYS, Inc. (NASDAQ:ANSS)

abrdn plc reduced its stake in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 17.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 54,704 shares of the software maker's stock after selling 11,795 shares during the period. abrdn plc owned approximately 0.06% of ANSYS worth $18,489,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of ANSS. Stock Yards Bank & Trust Co. raised its stake in shares of ANSYS by 1.3% during the fourth quarter. Stock Yards Bank & Trust Co. now owns 2,275 shares of the software maker's stock valued at $767,000 after acquiring an additional 30 shares during the last quarter. Greenleaf Trust raised its position in ANSYS by 0.9% during the 4th quarter. Greenleaf Trust now owns 3,651 shares of the software maker's stock worth $1,232,000 after purchasing an additional 32 shares during the last quarter. Koshinski Asset Management Inc. raised its position in ANSYS by 0.8% during the 4th quarter. Koshinski Asset Management Inc. now owns 4,367 shares of the software maker's stock worth $1,473,000 after purchasing an additional 34 shares during the last quarter. BTC Capital Management Inc. grew its position in shares of ANSYS by 2.5% in the 4th quarter. BTC Capital Management Inc. now owns 1,499 shares of the software maker's stock valued at $506,000 after buying an additional 36 shares during the last quarter. Finally, OneDigital Investment Advisors LLC grew its position in shares of ANSYS by 3.0% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 1,285 shares of the software maker's stock valued at $409,000 after buying an additional 37 shares during the last quarter. Institutional investors own 92.39% of the company's stock.

Insider Buying and Selling

In other news, Director Glenda Dorchak sold 200 shares of the business'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 completion of the sale, the director now owns 3,430 shares in the company, 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 legal filing with the SEC, which is available through this hyperlink. 0.46% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages recently commented on ANSS. Robert W. Baird upped their target price on ANSYS from $350.00 to $365.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. StockNews.com lowered shares of ANSYS from a "buy" rating to a "hold" rating in a research note on Monday, January 6th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $346.67.

ANSYS Trading Down 0.8 %

Shares of ANSS stock opened at $342.00 on Tuesday. The company has a market cap of $29.91 billion, a P/E ratio of 52.78, a PEG ratio of 3.61 and a beta of 1.12. ANSYS, Inc. has a fifty-two week low of $289.82 and a fifty-two week high of $363.03. The stock has a 50 day simple moving average of $344.21 and a two-hundred day simple moving average of $330.91. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.11 and a current ratio of 3.11.

ANSYS Company 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.