Ninety One UK Ltd Cuts Stock Position in ANSYS, Inc. (NASDAQ:ANSS)

Ninety One UK Ltd trimmed its position in shares of ANSYS, Inc. (NASDAQ:ANSS) by 26.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 446,839 shares of the software maker’s stock after selling 160,141 shares during the period. Ninety One UK Ltd owned about 0.51% of ANSYS worth $150,732,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. AQR Capital Management LLC boosted its stake in shares of ANSYS by 21.6% in the 2nd quarter. AQR Capital Management LLC now owns 2,722 shares of the software maker’s stock valued at $875,000 after purchasing an additional 483 shares in the last quarter. Handelsbanken Fonder AB boosted its position in ANSYS by 9.3% during the third quarter. Handelsbanken Fonder AB now owns 18,410 shares of the software maker’s stock valued at $5,866,000 after buying an additional 1,574 shares during the period. Czech National Bank grew its stake in shares of ANSYS by 7.0% during the third quarter. Czech National Bank now owns 17,801 shares of the software maker’s stock valued at $5,672,000 after buying an additional 1,166 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of ANSYS by 7.2% in the third quarter. GAMMA Investing LLC now owns 1,379 shares of the software maker’s stock worth $439,000 after buying an additional 93 shares during the period. Finally, Fulton Bank N.A. lifted its stake in shares of ANSYS by 7.5% in the 3rd quarter. Fulton Bank N.A. now owns 1,177 shares of the software maker’s stock valued at $375,000 after acquiring an additional 82 shares during the last quarter. Institutional investors own 92.39% of the company’s stock.

ANSYS Price Performance

Shares of NASDAQ ANSS opened at $346.96 on Wednesday. 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 company has a 50 day simple moving average of $344.44 and a two-hundred day simple moving average of $330.05. ANSYS, Inc. has a fifty-two week low of $289.82 and a fifty-two week high of $363.03. The company has a market capitalization of $30.34 billion, a price-to-earnings ratio of 53.54, a P/E/G ratio of 3.65 and a beta of 1.12.

Analyst Ratings Changes

Several equities analysts recently issued reports on ANSS shares. StockNews.com lowered ANSYS from a “buy” rating to a “hold” rating in a research report on Monday, January 6th. Robert W. Baird lifted their target price 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. One equities research 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. Based on data from MarketBeat.com, ANSYS has an average rating of “Hold” and a consensus price target of $346.67.

Insiders Place Their Bets

In related news, Director Glenda Dorchak sold 200 shares of the 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 in the company, valued at $1,154,606.60. This represents 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 at the SEC website. Corporate insiders own 0.46% of the company’s stock.

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.