American Capital Management Inc. Sells 44,755 Shares of ANSYS, Inc. (NASDAQ:ANSS)

American Capital Management Inc. lowered its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS) by 17.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 208,461 shares of the software maker’s stock after selling 44,755 shares during the period. ANSYS comprises 2.2% of American Capital Management Inc.’s holdings, making the stock its 19th largest holding. American Capital Management Inc.’s holdings in ANSYS were worth $66,422,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of ANSS. B. Riley Wealth Advisors Inc. acquired a new position in ANSYS during the 1st quarter worth about $377,000. Virtu Financial LLC acquired a new position in shares of ANSYS in the first quarter worth approximately $387,000. Cetera Investment Advisers boosted its holdings in ANSYS by 392.9% in the first quarter. Cetera Investment Advisers now owns 12,751 shares of the software maker’s stock valued at $4,427,000 after acquiring an additional 10,164 shares during the last quarter. Cetera Advisors LLC increased its position in ANSYS by 59.2% during the 1st quarter. Cetera Advisors LLC now owns 1,605 shares of the software maker’s stock valued at $557,000 after purchasing an additional 597 shares during the period. Finally, GAMMA Investing LLC raised its holdings in ANSYS by 121.0% during the 2nd quarter. GAMMA Investing LLC now owns 1,286 shares of the software maker’s stock worth $413,000 after purchasing an additional 704 shares during the last quarter. Institutional investors own 92.39% of the company’s stock.

ANSYS Stock Up 0.9 %

Shares of NASDAQ ANSS opened at $351.10 on Friday. The company has a quick ratio of 3.11, a current ratio of 3.11 and a debt-to-equity ratio of 0.13. The firm has a market cap of $30.70 billion, a PE ratio of 54.18, a P/E/G ratio of 3.94 and a beta of 1.11. The company’s fifty day simple moving average is $330.99 and its 200 day simple moving average is $323.95. ANSYS, Inc. has a 12-month low of $275.81 and a 12-month high of $364.31.

Insider Activity

In related news, Director Glenda Dorchak sold 152 shares of the business’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $313.61, for a total value of $47,668.72. Following the completion of the sale, the director now directly owns 3,630 shares of the company’s stock, valued at $1,138,404.30. The trade was a 4.02 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.46% of the company’s stock.

Analyst Ratings Changes

ANSS has been the subject of several recent analyst reports. Rosenblatt Securities decreased their price objective on shares of ANSYS from $345.00 to $335.00 and set a “neutral” rating for the company in a research report on Tuesday, August 6th. Robert W. Baird increased their price target on ANSYS from $350.00 to $365.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Finally, StockNews.com downgraded ANSYS from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, ANSYS presently has a consensus rating of “Hold” and an average price target of $342.50.

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.