ANSYS, Inc. (NASDAQ:ANSS) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC trimmed its position in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 12.5% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 30,114 shares of the software maker's stock after selling 4,309 shares during the period. Janney Montgomery Scott LLC's holdings in ANSYS were worth $10,158,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Bangor Savings Bank grew its holdings in shares of ANSYS by 32.7% during the 3rd quarter. Bangor Savings Bank now owns 138 shares of the software maker's stock valued at $44,000 after acquiring an additional 34 shares in the last quarter. DiNuzzo Private Wealth Inc. increased its stake in ANSYS by 2,833.3% in the third quarter. DiNuzzo Private Wealth Inc. now owns 176 shares of the software maker's stock valued at $56,000 after acquiring an additional 170 shares during the period. Intact Investment Management Inc. bought a new position in shares of ANSYS during the third quarter valued at $70,000. Brooklyn Investment Group bought a new position in shares of ANSYS in the third quarter valued at approximately $119,000. Finally, Asset Dedication LLC boosted its stake in ANSYS by 35.1% in the third quarter. Asset Dedication LLC now owns 385 shares of the software maker's stock worth $123,000 after purchasing an additional 100 shares in the last quarter. Institutional investors own 92.39% of the company's stock.

ANSYS Trading Up 1.5 %

NASDAQ ANSS traded up $5.34 during mid-day trading on Tuesday, reaching $350.23. 418,502 shares of the stock were exchanged, compared to its average volume of 484,005. The stock has a market cap of $30.63 billion, a P/E ratio of 54.05, a P/E/G ratio of 3.72 and a beta of 1.11. 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 stock has a 50 day simple moving average of $344.20 and a 200-day simple moving average of $329.19. ANSYS, Inc. has a one year low of $289.82 and a one year high of $363.03.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on ANSS shares. StockNews.com lowered shares of ANSYS from a "buy" rating to a "hold" rating in a report on Monday, January 6th. Robert W. Baird increased 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 given a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $346.67.

Insider Buying and Selling at ANSYS

In related news, Director Glenda Dorchak sold 200 shares of the company's stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $336.62, for a total value 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 represents a 5.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.46% of the company's stock.

About ANSYS

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.