Chevy Chase Trust Holdings LLC reduced its stake in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 2.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 46,259 shares of the software maker's stock after selling 1,190 shares during the period. Chevy Chase Trust Holdings LLC owned 0.05% of ANSYS worth $15,605,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in the stock. Stock Yards Bank & Trust Co. lifted its holdings in ANSYS by 1.3% in 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% in the fourth quarter. Greenleaf Trust now owns 3,651 shares of the software maker's stock valued at $1,232,000 after purchasing an additional 32 shares during the period. Koshinski Asset Management Inc. raised its position in ANSYS by 0.8% in the fourth quarter. Koshinski Asset Management Inc. now owns 4,367 shares of the software maker's stock valued at $1,473,000 after purchasing an additional 34 shares during the period. BTC Capital Management Inc. raised its position in ANSYS by 2.5% in the fourth quarter. BTC Capital Management Inc. now owns 1,499 shares of the software maker's stock valued at $506,000 after purchasing an additional 36 shares during the period. Finally, OneDigital Investment Advisors LLC raised its position in ANSYS by 3.0% in the third quarter. OneDigital Investment Advisors LLC now owns 1,285 shares of the software maker's stock valued at $409,000 after purchasing an additional 37 shares during the period. 92.39% of the stock is currently owned by institutional investors and hedge funds.
ANSYS Stock Down 0.5 %
Shares of ANSYS stock traded down $1.84 during trading hours on Wednesday, reaching $336.74. 860,112 shares of the company were exchanged, compared to its average volume of 475,115. ANSYS, Inc. has a 1 year low of $289.82 and a 1 year high of $363.03. The stock's fifty day moving average is $342.98 and its 200 day moving average is $332.39. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.11 and a current ratio of 3.11. The firm has a market cap of $29.45 billion, a PE ratio of 51.97, a PEG ratio of 3.53 and a beta of 1.12.
Wall Street Analyst Weigh In
ANSS has been the topic of a number of research analyst reports. Robert W. Baird boosted their target price on ANSYS from $350.00 to $365.00 and gave the company an "outperform" rating in a research report on Thursday, November 7th. StockNews.com lowered ANSYS from a "buy" rating to a "hold" rating in a research report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $346.67.
Read Our Latest Analysis on ANSS
Insider Transactions at ANSYS
In other news, Director Glenda Dorchak sold 200 shares of the company's stock in a transaction 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 owns 3,430 shares of the company's stock, valued at approximately $1,154,606.60. This represents a 5.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.46% of the company's stock.
ANSYS Company Profile
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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.
Further Reading
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