ANSYS, Inc. (NASDAQ:ANSS) Shares Sold by Blue Trust Inc.

Blue Trust Inc. decreased its holdings in ANSYS, Inc. (NASDAQ:ANSS) by 24.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 1,961 shares of the software maker’s stock after selling 624 shares during the quarter. Blue Trust Inc.’s holdings in ANSYS were worth $661,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of ANSS. D1 Capital Partners L.P. acquired a new position in shares of ANSYS in the third quarter worth $73,345,000. State Street Corp grew its stake in shares of ANSYS by 3.0% during the third quarter. State Street Corp now owns 3,703,249 shares of the software maker’s stock worth $1,179,966,000 after purchasing an additional 106,187 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of ANSYS by 34.9% during the third quarter. JPMorgan Chase & Co. now owns 386,708 shares of the software maker’s stock worth $123,217,000 after purchasing an additional 100,042 shares in the last quarter. CCLA Investment Management grew its stake in shares of ANSYS by 11.9% during the fourth quarter. CCLA Investment Management now owns 445,891 shares of the software maker’s stock worth $150,381,000 after purchasing an additional 47,331 shares in the last quarter. Finally, Impax Asset Management Group plc grew its stake in shares of ANSYS by 8.0% during the third quarter. Impax Asset Management Group plc now owns 603,394 shares of the software maker’s stock worth $192,259,000 after purchasing an additional 44,605 shares in the last quarter. Institutional investors and hedge funds own 92.39% of the company’s stock.

Insider Activity

In related news, Director Glenda Dorchak sold 200 shares of the company’s stock in a transaction on Monday, January 13th. The shares were sold at an average price of $336.62, for a total value of $67,324.00. Following the completion of the sale, the director now owns 3,430 shares in the company, valued at $1,154,606.60. This represents a 5.51 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.46% of the company’s stock.

ANSYS Stock Down 0.1 %

Shares of NASDAQ ANSS opened at $338.93 on Monday. The business has a 50-day moving average price of $343.07 and a 200 day moving average price of $331.80. The stock has a market cap of $29.64 billion, a PE ratio of 52.30, a price-to-earnings-growth ratio of 3.61 and a beta of 1.12. The company has a quick ratio of 3.11, a current ratio of 3.11 and a debt-to-equity ratio of 0.13. ANSYS, Inc. has a 52-week low of $289.82 and a 52-week high of $363.03.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. StockNews.com downgraded shares of ANSYS from a “buy” rating to a “hold” rating in a research note on Monday, January 6th. Robert W. Baird boosted 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 research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $346.67.

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.