Icon Wealth Advisors LLC Cuts Stake in ANSYS, Inc. (NASDAQ:ANSS)

Icon Wealth Advisors LLC lessened its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) by 32.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,029 shares of the software maker’s stock after selling 492 shares during the period. Icon Wealth Advisors LLC’s holdings in ANSYS were worth $328,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ANSS. DT Investment Partners LLC raised its holdings in shares of ANSYS by 888.9% during the second quarter. DT Investment Partners LLC now owns 89 shares of the software maker’s stock valued at $29,000 after acquiring an additional 80 shares during the last quarter. Redwood Wealth Management Group LLC acquired a new stake in shares of ANSYS in the second quarter worth approximately $32,000. Rothschild Investment LLC purchased a new stake in shares of ANSYS during the second quarter worth approximately $38,000. Bangor Savings Bank raised its stake in ANSYS by 32.7% in 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 last quarter. Finally, DiNuzzo Private Wealth Inc. lifted its holdings in ANSYS by 2,833.3% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 176 shares of the software maker’s stock valued at $56,000 after purchasing an additional 170 shares in the last quarter. 92.39% of the stock is owned by hedge funds and other institutional investors.

ANSYS Stock Up 0.9 %

ANSS stock opened at $351.10 on Friday. The firm has a market cap of $30.70 billion, a PE ratio of 54.18, a PEG ratio of 3.94 and a beta of 1.11. ANSYS, Inc. has a one year low of $275.81 and a one year high of $364.31. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.11 and a current ratio of 3.11. The firm’s 50 day moving average price is $330.99 and its 200-day moving average price is $323.96.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on ANSS shares. Robert W. Baird upped their target price on shares of ANSYS from $350.00 to $365.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Rosenblatt Securities dropped their price objective on shares of ANSYS from $345.00 to $335.00 and set a “neutral” rating for the company in a research note on Tuesday, August 6th. Finally, StockNews.com cut ANSYS from a “buy” rating to a “hold” rating in a report on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $342.50.

Insider Buying and Selling at ANSYS

In other news, Director Glenda Dorchak sold 152 shares of the stock in a transaction on Monday, October 7th. The stock was sold at an average price of $313.61, for a total transaction of $47,668.72. Following the completion of the transaction, the director now directly owns 3,630 shares in the company, valued at approximately $1,138,404.30. This represents a 4.02 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.46% of the company’s stock.

ANSYS Company 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.