Livforsakringsbolaget Skandia Omsesidigt Has $210,000 Stock Holdings in ANSYS, Inc. (NASDAQ:ANSS)

Livforsakringsbolaget Skandia Omsesidigt lowered its stake in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 91.2% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 623 shares of the software maker's stock after selling 6,450 shares during the period. Livforsakringsbolaget Skandia Omsesidigt's holdings in ANSYS were worth $210,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in ANSS. Sumitomo Mitsui Trust Group Inc. increased its stake in ANSYS by 1.3% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 525,565 shares of the software maker's stock valued at $177,289,000 after acquiring an additional 6,786 shares during the period. Strategic Financial Concepts LLC acquired a new stake in shares of ANSYS during the 4th quarter worth approximately $5,576,000. Bleakley Financial Group LLC increased its position in shares of ANSYS by 4.7% during the fourth quarter. Bleakley Financial Group LLC now owns 1,928 shares of the software maker's stock valued at $650,000 after purchasing an additional 87 shares during the period. Choreo LLC raised its stake in shares of ANSYS by 50.0% in the fourth quarter. Choreo LLC now owns 2,781 shares of the software maker's stock valued at $940,000 after purchasing an additional 927 shares in the last quarter. Finally, Ninety One North America Inc. lifted its position in ANSYS by 0.4% in 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. Institutional investors own 92.39% of the company's stock.

ANSYS Price Performance

ANSYS stock traded down $0.57 during mid-day trading on Tuesday, hitting $341.43. 241,610 shares of the company were exchanged, compared to its average volume of 467,437. The company has a market capitalization of $29.86 billion, a PE ratio of 52.69, a price-to-earnings-growth ratio of 3.61 and a beta of 1.12. The business has a fifty day moving average of $344.04 and a 200 day moving average of $331.13. ANSYS, Inc. has a 1-year low of $289.82 and a 1-year high of $363.03. The company has a quick ratio of 3.11, a current ratio of 3.11 and a debt-to-equity ratio of 0.13.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on ANSS. Robert W. Baird boosted their price target on shares of ANSYS from $350.00 to $365.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. StockNews.com cut shares of ANSYS from a "buy" rating to a "hold" rating in a research note on Monday, January 6th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $346.67.

Insider Transactions at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the company's stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $336.62, for a total transaction of $67,324.00. Following the transaction, the director now directly owns 3,430 shares in the company, valued at approximately $1,154,606.60. This represents a 5.51 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.46% of the stock is owned by company insiders.

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.