Choreo LLC lifted its position in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 50.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,781 shares of the software maker's stock after buying an additional 927 shares during the period. Choreo LLC's holdings in ANSYS were worth $940,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Ninety One North America Inc. lifted its holdings in shares of ANSYS by 0.4% during the fourth quarter. Ninety One North America Inc. now owns 55,430 shares of the software maker's stock worth $18,698,000 after purchasing an additional 216 shares during the period. E. Ohman J or Asset Management AB lifted its stake in ANSYS by 15.3% during the 4th quarter. E. Ohman J or Asset Management AB now owns 4,150 shares of the software maker's stock valued at $1,400,000 after acquiring an additional 550 shares during the period. Kathleen S. Wright Associates Inc. boosted its holdings in shares of ANSYS by 2.1% in the 4th quarter. Kathleen S. Wright Associates Inc. now owns 2,300 shares of the software maker's stock valued at $776,000 after acquiring an additional 48 shares during the last quarter. Trust Point Inc. acquired a new stake in shares of ANSYS in the fourth quarter worth $745,000. Finally, Stock Yards Bank & Trust Co. raised its holdings 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 worth $767,000 after purchasing an additional 30 shares during the last quarter. Institutional investors own 92.39% of the company's stock.
Insider Activity
In related news, Director Glenda Dorchak sold 200 shares of ANSYS 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 sale, the director now owns 3,430 shares of the company's stock, valued at approximately $1,154,606.60. This trade represents a 5.51 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.46% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on ANSS shares. StockNews.com cut ANSYS from a "buy" rating to a "hold" rating in a report on Monday, January 6th. Robert W. Baird upped their price objective on ANSYS from $350.00 to $365.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, ANSYS presently has an average rating of "Hold" and a consensus price target of $346.67.
Check Out Our Latest Report on ANSS
ANSYS Price Performance
Shares of ANSYS stock traded up $5.05 on Thursday, hitting $339.17. The company's stock had a trading volume of 550,820 shares, compared to its average volume of 470,101. The company has a market capitalization of $29.66 billion, a price-to-earnings ratio of 52.34, a price-to-earnings-growth ratio of 3.61 and a beta of 1.12. ANSYS, Inc. has a 1 year low of $289.82 and a 1 year high of $363.03. 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 fifty day moving average price of $343.30 and a 200-day moving average price of $331.35.
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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