ANSYS, Inc. (NASDAQ:ANSS) Shares Sold by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC cut its holdings in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 17.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 72,336 shares of the software maker's stock after selling 15,524 shares during the quarter. Stephens Investment Management Group LLC owned about 0.08% of ANSYS worth $24,401,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. AQR Capital Management LLC increased its stake in shares of ANSYS by 21.6% during the second quarter. AQR Capital Management LLC now owns 2,722 shares of the software maker's stock worth $875,000 after acquiring an additional 483 shares during the period. CWM LLC increased its stake in shares of ANSYS by 3.8% during the third quarter. CWM LLC now owns 6,112 shares of the software maker's stock worth $1,947,000 after acquiring an additional 226 shares during the period. Livforsakringsbolaget Skandia Omsesidigt increased its stake in shares of ANSYS by 32.6% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 7,073 shares of the software maker's stock worth $2,253,000 after acquiring an additional 1,740 shares during the period. Carnegie Investment Counsel increased its stake in shares of ANSYS by 6.5% during the third quarter. Carnegie Investment Counsel now owns 92,348 shares of the software maker's stock worth $29,425,000 after acquiring an additional 5,605 shares during the period. Finally, Exchange Traded Concepts LLC increased its stake in shares of ANSYS by 2,656.5% during the third quarter. Exchange Traded Concepts LLC now owns 634 shares of the software maker's stock worth $202,000 after acquiring an additional 611 shares during the period. 92.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Glenda Dorchak sold 200 shares of the business'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 sale, the director now owns 3,430 shares of the company's stock, valued at approximately $1,154,606.60. The trade was a 5.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.46% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on ANSS shares. Robert W. Baird boosted their price target 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 lowered shares of ANSYS from a "buy" rating to a "hold" rating in a research note on Monday, January 6th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, ANSYS presently has a consensus rating of "Hold" and an average target price of $346.67.

ANSYS Price Performance

ANSS stock traded up $5.05 during trading on Thursday, reaching $339.17. 550,820 shares of the company were exchanged, compared to its average volume of 470,101. The company has a market cap of $29.66 billion, a P/E ratio of 52.34, a PEG ratio of 3.61 and a beta of 1.12. ANSYS, Inc. has a 52-week low of $289.82 and a 52-week high of $363.03. The stock's 50 day moving average price is $343.30 and its 200 day moving average price is $331.35. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.11 and a current ratio of 3.11.

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.