Ninety One UK Ltd Sells 160,141 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Ninety One UK Ltd lowered its position in shares of ANSYS, Inc. (NASDAQ:ANSS) by 26.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 446,839 shares of the software maker’s stock after selling 160,141 shares during the period. Ninety One UK Ltd’s holdings in ANSYS were worth $150,732,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Bangor Savings Bank raised its stake in ANSYS by 32.7% during the 3rd quarter. Bangor Savings Bank now owns 138 shares of the software maker’s stock valued at $44,000 after purchasing an additional 34 shares during the period. DiNuzzo Private Wealth Inc. boosted its position in shares of ANSYS by 2,833.3% during the third quarter. DiNuzzo Private Wealth Inc. now owns 176 shares of the software maker’s stock worth $56,000 after acquiring an additional 170 shares during the last quarter. Intact Investment Management Inc. purchased a new position in ANSYS during the third quarter valued at $70,000. Brooklyn Investment Group bought a new stake in ANSYS in the 3rd quarter valued at $119,000. Finally, Asset Dedication LLC lifted its stake in ANSYS by 35.1% in the 3rd quarter. Asset Dedication LLC now owns 385 shares of the software maker’s stock worth $123,000 after purchasing an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 92.39% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on ANSS. Robert W. Baird raised their price objective on ANSYS from $350.00 to $365.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. StockNews.com downgraded ANSYS from a “buy” rating to a “hold” rating in a research note on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $346.67.

Insiders Place Their Bets

In other news, Director Glenda Dorchak sold 200 shares of the firm’s 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 sale, the director now directly owns 3,430 shares of the company’s stock, valued at $1,154,606.60. This trade represents a 5.51 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.46% of the stock is currently owned by insiders.

ANSYS Stock Performance

ANSYS stock opened at $346.96 on Wednesday. The company has a quick ratio of 3.11, a current ratio of 3.11 and a debt-to-equity ratio of 0.13. ANSYS, Inc. has a twelve month low of $289.82 and a twelve month high of $363.03. The company’s 50-day moving average price is $344.44 and its 200-day moving average price is $330.05. The company has a market cap of $30.34 billion, a PE ratio of 53.54, a price-to-earnings-growth ratio of 3.65 and a beta of 1.12.

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.