State of Alaska Department of Revenue Sells 1,569 Shares of ANSYS, Inc. (NASDAQ:ANSS)

State of Alaska Department of Revenue trimmed its position in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 13.6% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 9,973 shares of the software maker's stock after selling 1,569 shares during the period. State of Alaska Department of Revenue's holdings in ANSYS were worth $3,364,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. AQR Capital Management LLC boosted its stake in ANSYS by 21.6% in the second quarter. AQR Capital Management LLC now owns 2,722 shares of the software maker's stock valued at $875,000 after acquiring an additional 483 shares during the last quarter. CWM LLC boosted its stake in ANSYS by 3.8% in the third quarter. CWM LLC now owns 6,112 shares of the software maker's stock valued at $1,947,000 after acquiring an additional 226 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in ANSYS by 32.6% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 7,073 shares of the software maker's stock valued at $2,253,000 after acquiring an additional 1,740 shares during the last quarter. Carnegie Investment Counsel boosted its stake in ANSYS by 6.5% in the third quarter. Carnegie Investment Counsel now owns 92,348 shares of the software maker's stock valued at $29,425,000 after acquiring an additional 5,605 shares during the last quarter. Finally, Exchange Traded Concepts LLC boosted its stake in ANSYS by 2,656.5% in the third quarter. Exchange Traded Concepts LLC now owns 634 shares of the software maker's stock valued at $202,000 after acquiring an additional 611 shares during the last quarter. 92.39% of the stock is owned by institutional investors.

ANSYS Price Performance

Shares of NASDAQ:ANSS traded up $5.05 during trading on Thursday, reaching $339.17. The company had a trading volume of 550,820 shares, compared to its average volume of 470,101. The company has a fifty day moving average of $343.30 and a two-hundred day moving average of $331.35. The stock has a market capitalization of $29.66 billion, a P/E ratio of 52.34, a price-to-earnings-growth ratio of 3.61 and a beta of 1.12. ANSYS, Inc. has a 12 month low of $289.82 and a 12 month high of $363.03. The company has a current ratio of 3.11, a quick ratio of 3.11 and a debt-to-equity ratio of 0.13.

Insider Transactions at ANSYS

In other news, Director Glenda Dorchak sold 200 shares of the 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 transaction, the director now 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 Securities & Exchange Commission, which is available at this link. Insiders own 0.46% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on ANSS. StockNews.com cut shares of ANSYS from a "buy" rating to a "hold" rating in a research note on Monday, January 6th. Robert W. Baird upped their price target on shares of ANSYS from $350.00 to $365.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th. One equities research 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. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $346.67.

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.