Harvey Investment Co. LLC reduced its stake in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 2.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 97,886 shares of the software maker's stock after selling 2,145 shares during the period. ANSYS makes up about 3.8% of Harvey Investment Co. LLC's investment portfolio, making the stock its 6th biggest holding. Harvey Investment Co. LLC owned approximately 0.11% of ANSYS worth $33,020,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. Ameliora Wealth Management Ltd. bought a new stake in ANSYS during the 4th quarter valued at $27,000. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of ANSYS by 1.3% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 525,565 shares of the software maker's stock valued at $177,289,000 after acquiring an additional 6,786 shares during the period. Strategic Financial Concepts LLC acquired a new stake in shares of ANSYS in the fourth quarter worth $5,576,000. Bleakley Financial Group LLC lifted its position in shares of ANSYS by 4.7% in the fourth quarter. Bleakley Financial Group LLC now owns 1,928 shares of the software maker's stock worth $650,000 after purchasing an additional 87 shares in the last quarter. Finally, Choreo LLC raised its holdings in shares of ANSYS by 50.0% during the fourth quarter. Choreo LLC now owns 2,781 shares of the software maker's stock worth $940,000 after acquiring an additional 927 shares in the last quarter. 92.39% of the stock is owned by hedge funds and other institutional investors.
ANSYS Price Performance
Shares of NASDAQ:ANSS traded up $0.10 on Tuesday, hitting $342.10. The stock had a trading volume of 128,229 shares, compared to its average volume of 463,148. ANSYS, Inc. has a twelve month low of $289.82 and a twelve month high of $363.03. The company has a market capitalization of $29.92 billion, a price-to-earnings ratio of 52.79, a price-to-earnings-growth ratio of 3.61 and a beta of 1.12. The firm's 50 day moving average price is $344.04 and its 200-day moving average price is $331.13. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.11 and a current ratio of 3.11.
Wall Street Analysts Forecast Growth
ANSS has been the topic of a number of analyst reports. StockNews.com lowered ANSYS from a "buy" rating to a "hold" rating in a report on Monday, January 6th. Robert W. Baird increased their price target on shares of ANSYS from $350.00 to $365.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, ANSYS currently has a consensus rating of "Hold" and a consensus price target of $346.67.
Get Our Latest Research Report on ANSS
Insider Buying and Selling
In other ANSYS news, Director Glenda Dorchak sold 200 shares of the firm's stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $336.62, for a total transaction of $67,324.00. Following the transaction, the director now owns 3,430 shares in the company, valued at approximately $1,154,606.60. This trade represents a 5.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.46% of the company's stock.
About ANSYS
(
Free Report)
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.
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