Nova R Wealth Inc. Trims Stake in ANSYS, Inc. (NASDAQ:ANSS)

Nova R Wealth Inc. cut its stake in ANSYS, Inc. (NASDAQ:ANSS) by 1.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,079 shares of the software maker’s stock after selling 34 shares during the period. Nova R Wealth Inc.’s holdings in ANSYS were worth $701,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in ANSS. D1 Capital Partners L.P. bought a new position in ANSYS during the 3rd quarter worth about $73,345,000. State Street Corp grew its holdings in ANSYS by 3.0% during the 3rd quarter. State Street Corp now owns 3,703,249 shares of the software maker’s stock worth $1,179,966,000 after acquiring an additional 106,187 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in ANSYS by 34.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 386,708 shares of the software maker’s stock worth $123,217,000 after acquiring an additional 100,042 shares in the last quarter. CCLA Investment Management grew its holdings in ANSYS by 11.9% during the 4th quarter. CCLA Investment Management now owns 445,891 shares of the software maker’s stock worth $150,381,000 after acquiring an additional 47,331 shares in the last quarter. Finally, Impax Asset Management Group plc grew its holdings in ANSYS by 8.0% during the 3rd quarter. Impax Asset Management Group plc now owns 603,394 shares of the software maker’s stock worth $192,259,000 after acquiring an additional 44,605 shares in the last quarter. 92.39% of the stock is currently owned by institutional investors.

ANSYS Trading Up 1.5 %

Shares of ANSYS stock opened at $339.17 on Friday. The firm’s 50 day simple moving average is $343.30 and its two-hundred day simple moving average is $331.35. The firm has a market capitalization of $29.66 billion, a price-to-earnings ratio of 52.34, a PEG ratio of 3.61 and a beta of 1.12. ANSYS, Inc. has a 12-month low of $289.82 and a 12-month high of $363.03. The company has a current ratio of 3.11, a quick ratio of 3.11 and a debt-to-equity ratio of 0.13.

Insider Activity at ANSYS

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

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. StockNews.com cut shares of ANSYS from a “buy” rating to a “hold” rating in a report on Monday, January 6th. Robert W. Baird raised their price target on shares of ANSYS from $350.00 to $365.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $346.67.

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.