Stephens Investment Management Group LLC Cuts Holdings in ANSYS, Inc. (NASDAQ:ANSS)

Stephens Investment Management Group LLC lowered its holdings in ANSYS, Inc. (NASDAQ:ANSS) by 17.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 72,336 shares of the software maker’s stock after selling 15,524 shares during the quarter. Stephens Investment Management Group LLC owned 0.08% of ANSYS worth $24,401,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. AQR Capital Management LLC raised its position in ANSYS by 21.6% in the 2nd quarter. AQR Capital Management LLC now owns 2,722 shares of the software maker’s stock worth $875,000 after buying an additional 483 shares during the last quarter. CWM LLC raised its holdings in shares of ANSYS by 3.8% during the third quarter. CWM LLC now owns 6,112 shares of the software maker’s stock valued at $1,947,000 after purchasing an additional 226 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its holdings 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 valued at $2,253,000 after purchasing an additional 1,740 shares during the last quarter. Carnegie Investment Counsel lifted its position in ANSYS by 6.5% during the third quarter. Carnegie Investment Counsel now owns 92,348 shares of the software maker’s stock valued at $29,425,000 after purchasing an additional 5,605 shares during the period. Finally, Exchange Traded Concepts LLC boosted its holdings in ANSYS by 2,656.5% in the third quarter. Exchange Traded Concepts LLC now owns 634 shares of the software maker’s stock worth $202,000 after purchasing an additional 611 shares during the last quarter. Hedge funds and other institutional investors own 92.39% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Robert W. Baird increased their price target on ANSYS from $350.00 to $365.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. StockNews.com downgraded ANSYS from a “buy” rating to a “hold” rating in a report on Monday, January 6th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $346.67.

Insider Activity at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 200 shares of ANSYS stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $336.62, for a total transaction 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. The trade was a 5.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.46% of the stock is owned by company insiders.

ANSYS Trading Down 0.5 %

Shares of ANSYS stock opened at $344.86 on Monday. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.11 and a quick ratio of 3.11. The stock has a market capitalization of $30.16 billion, a PE ratio of 53.22, a P/E/G ratio of 3.61 and a beta of 1.12. ANSYS, Inc. has a 1-year low of $289.82 and a 1-year high of $363.03. The company’s fifty day simple moving average is $344.21 and its 200-day simple moving average is $330.76.

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.