North Point Portfolio Managers Corp OH Has $17.88 Million Stake in ANSYS, Inc. (NASDAQ:ANSS)

North Point Portfolio Managers Corp OH lessened its holdings in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 2.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 53,015 shares of the software maker's stock after selling 1,312 shares during the period. ANSYS accounts for about 3.1% of North Point Portfolio Managers Corp OH's investment portfolio, making the stock its 10th biggest holding. North Point Portfolio Managers Corp OH owned approximately 0.06% of ANSYS worth $17,884,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Pacer Advisors Inc. raised its position in shares of ANSYS by 49.6% in the fourth quarter. Pacer Advisors Inc. now owns 24,425 shares of the software maker's stock valued at $8,239,000 after purchasing an additional 8,103 shares during the period. Union Bancaire Privee UBP SA acquired a new position in ANSYS in the 4th quarter valued at $4,270,000. Blue Trust Inc. raised its holdings in ANSYS by 12.5% in the 4th quarter. Blue Trust Inc. now owns 2,909 shares of the software maker's stock worth $927,000 after acquiring an additional 324 shares during the period. Cyndeo Wealth Partners LLC acquired a new position in ANSYS during the 4th quarter worth $201,000. Finally, Harel Insurance Investments & Financial Services Ltd. boosted its holdings in ANSYS by 2,593.3% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,616 shares of the software maker's stock valued at $545,000 after acquiring an additional 1,556 shares during the period. 92.39% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Glenda Dorchak sold 200 shares of the 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 in the company, valued at approximately $1,154,606.60. This represents a 5.51 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.46% of the company's stock.

ANSYS Stock Performance

Shares of NASDAQ ANSS traded down $13.21 during mid-day trading on Monday, hitting $344.17. The company had a trading volume of 442,040 shares, compared to its average volume of 473,616. ANSYS, Inc. has a 12 month low of $289.82 and a 12 month high of $363.03. 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 cap of $30.10 billion, a P/E ratio of 53.21, a PEG ratio of 3.72 and a beta of 1.11. The business's 50-day simple moving average is $344.03 and its 200-day simple moving average is $329.06.

Wall Street Analyst Weigh In

ANSS has been the topic of a number of recent analyst reports. Robert W. Baird lifted their price objective on ANSYS from $350.00 to $365.00 and gave the stock an "outperform" rating in a research note on Thursday, November 7th. StockNews.com downgraded ANSYS from a "buy" rating to a "hold" rating in a research report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $346.67.

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.