ANSYS, Inc. (NASDAQ:ANSS) Shares Sold by Ninety One UK Ltd

Ninety One UK Ltd reduced its stake in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 26.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 446,839 shares of the software maker's stock after selling 160,141 shares during the period. Ninety One UK Ltd owned approximately 0.51% of ANSYS worth $150,732,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the stock. Stock Yards Bank & Trust Co. raised its stake 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 valued at $767,000 after purchasing an additional 30 shares during the period. Greenleaf Trust increased its stake in ANSYS by 0.9% during the 4th quarter. Greenleaf Trust now owns 3,651 shares of the software maker's stock worth $1,232,000 after buying an additional 32 shares during the period. Bangor Savings Bank increased its stake in ANSYS by 32.7% during the 3rd quarter. Bangor Savings Bank now owns 138 shares of the software maker's stock worth $44,000 after buying an additional 34 shares during the period. Koshinski Asset Management Inc. lifted its holdings in ANSYS by 0.8% in the 4th quarter. Koshinski Asset Management Inc. now owns 4,367 shares of the software maker's stock worth $1,473,000 after buying an additional 34 shares in the last quarter. Finally, BTC Capital Management Inc. boosted its position in ANSYS by 2.5% in the 4th quarter. BTC Capital Management Inc. now owns 1,499 shares of the software maker's stock valued at $506,000 after buying an additional 36 shares during the last quarter. Institutional investors and hedge funds own 92.39% of the company's stock.

Insiders Place Their Bets

In related news, Director Glenda Dorchak sold 200 shares of the 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 completion of the transaction, the director now directly owns 3,430 shares of the company's stock, valued at $1,154,606.60. This represents a 5.51 % 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 currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. StockNews.com cut ANSYS from a "buy" rating to a "hold" rating in a research note on Monday, January 6th. Robert W. Baird upped 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. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, ANSYS has an average rating of "Hold" and a consensus target price of $346.67.

ANSYS Stock Performance

Shares of ANSS traded down $1.76 during mid-day trading on Friday, hitting $344.86. The stock had a trading volume of 556,337 shares, compared to its average volume of 433,980. ANSYS, Inc. has a fifty-two week low of $289.82 and a fifty-two week 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. The company has a market cap of $30.16 billion, a PE ratio of 53.22, a PEG ratio of 3.61 and a beta of 1.12. The company's fifty day simple moving average is $344.21 and its two-hundred day simple moving average is $330.69.

ANSYS Company 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.