ANSYS, Inc. (NASDAQ:ANSS) Shares Sold by Sanctuary Advisors LLC

Sanctuary Advisors LLC lowered its stake in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 16.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,634 shares of the software maker's stock after selling 2,252 shares during the period. Sanctuary Advisors LLC's holdings in ANSYS were worth $4,072,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. M&T Bank Corp lifted its holdings in ANSYS by 1.0% in the 3rd quarter. M&T Bank Corp now owns 30,118 shares of the software maker's stock valued at $9,597,000 after purchasing an additional 312 shares in the last quarter. Rehmann Capital Advisory Group raised its position in shares of ANSYS by 11.7% in the third quarter. Rehmann Capital Advisory Group now owns 1,038 shares of the software maker's stock valued at $332,000 after buying an additional 109 shares during the last quarter. Coldstream Capital Management Inc. raised its position in shares of ANSYS by 2.6% in the third quarter. Coldstream Capital Management Inc. now owns 2,006 shares of the software maker's stock valued at $644,000 after buying an additional 51 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of ANSYS by 1.7% in the third quarter. Geode Capital Management LLC now owns 2,305,554 shares of the software maker's stock worth $732,672,000 after buying an additional 37,577 shares in the last quarter. Finally, Executive Wealth Management LLC boosted its position in ANSYS by 20.7% during the third quarter. Executive Wealth Management LLC now owns 7,112 shares of the software maker's stock worth $2,266,000 after acquiring an additional 1,221 shares during the last quarter. Institutional investors and hedge funds own 92.39% of the company's stock.

ANSYS Trading Up 0.1 %

Shares of ANSYS stock traded up $0.46 during mid-day trading on Tuesday, hitting $343.07. The stock had a trading volume of 406,641 shares, compared to its average volume of 525,582. The firm has a 50-day moving average of $336.94 and a two-hundred day moving average of $325.35. 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 firm has a market cap of $30.00 billion, a P/E ratio of 52.87, a price-to-earnings-growth ratio of 3.89 and a beta of 1.10. ANSYS, Inc. has a 12-month low of $289.82 and a 12-month high of $364.31.

Analyst Ratings Changes

ANSS has been the topic of a number of research reports. Robert W. Baird raised their target price on shares of ANSYS from $350.00 to $365.00 and gave the stock an "outperform" rating in a research note on Thursday, November 7th. StockNews.com upgraded ANSYS from a "hold" rating to a "buy" rating in a research report on Monday, December 9th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $342.50.

Insider Transactions at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 152 shares of ANSYS stock in a transaction dated 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. The trade was a 4.02 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.46% of the company's stock.

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.