ANSYS, Inc. (NASDAQ:ANSS) Stake Lessened by King Luther Capital Management Corp

King Luther Capital Management Corp decreased its stake in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 9.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 61,945 shares of the software maker's stock after selling 6,107 shares during the period. King Luther Capital Management Corp owned 0.07% of ANSYS worth $19,738,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in ANSS. O Shaughnessy Asset Management LLC raised its holdings in ANSYS by 5.1% in the first quarter. O Shaughnessy Asset Management LLC now owns 4,436 shares of the software maker's stock valued at $1,540,000 after buying an additional 215 shares during the period. Lake Street Advisors Group LLC raised its position in ANSYS by 35.8% in the first quarter. Lake Street Advisors Group LLC now owns 793 shares of the software maker's stock valued at $275,000 after purchasing an additional 209 shares during the period. Advisors Asset Management Inc. lifted its stake in shares of ANSYS by 14.9% during the first quarter. Advisors Asset Management Inc. now owns 7,010 shares of the software maker's stock worth $2,434,000 after purchasing an additional 907 shares in the last quarter. Canada Pension Plan Investment Board boosted its position in shares of ANSYS by 1,052.9% in the first quarter. Canada Pension Plan Investment Board now owns 99,263 shares of the software maker's stock worth $34,460,000 after buying an additional 90,653 shares during the period. Finally, Gamco Investors INC. ET AL acquired a new stake in shares of ANSYS in the first quarter valued at about $218,000. 92.39% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Glenda Dorchak sold 152 shares of the stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $313.61, for a total value of $47,668.72. Following the completion of the transaction, the director now directly owns 3,630 shares of the company's stock, valued at $1,138,404.30. This represents a 4.02 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.46% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have weighed in on ANSS. StockNews.com cut ANSYS from a "buy" rating to a "hold" rating in a report on Thursday, November 14th. Rosenblatt Securities lowered their price target on shares of ANSYS from $345.00 to $335.00 and set a "neutral" rating for the company in a report on Tuesday, August 6th. Finally, Robert W. Baird boosted their price objective on shares of ANSYS from $350.00 to $365.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $342.50.

ANSYS Stock Up 0.3 %

Shares of ANSS traded up $1.06 during midday trading on Friday, hitting $350.00. The company had a trading volume of 432,386 shares, compared to its average volume of 525,935. The stock has a market cap of $30.61 billion, a price-to-earnings ratio of 53.95, a PEG ratio of 3.84 and a beta of 1.11. The company's 50 day moving average price is $327.20 and its 200 day moving average price is $322.97. 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 $275.81 and a 52 week high of $364.31.

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.