L. Roy Papp & Associates LLP Has $3.11 Million Stock Holdings in ANSYS, Inc. (NASDAQ:ANSS)

L. Roy Papp & Associates LLP decreased its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS) by 4.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,206 shares of the software maker’s stock after selling 415 shares during the period. L. Roy Papp & Associates LLP’s holdings in ANSYS were worth $3,105,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Ameliora Wealth Management Ltd. bought a new position in shares of ANSYS during the 4th quarter worth approximately $27,000. DiNuzzo Private Wealth Inc. lifted its position in shares of ANSYS by 2,833.3% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 176 shares of the software maker’s stock valued at $56,000 after acquiring an additional 170 shares during the period. Intact Investment Management Inc. bought a new position in ANSYS during the third quarter worth $70,000. Brooklyn Investment Group acquired a new stake in ANSYS in the third quarter worth $119,000. Finally, Asset Dedication LLC grew its holdings in ANSYS by 35.1% in the third quarter. Asset Dedication LLC now owns 385 shares of the software maker’s stock worth $123,000 after purchasing an additional 100 shares during the period. Institutional investors and hedge funds own 92.39% of the company’s stock.

Analyst Ratings Changes

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

Insider Activity

In other news, Director Glenda Dorchak sold 200 shares of the firm’s stock in a transaction that occurred 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 owns 3,430 shares in the company, valued at $1,154,606.60. This trade represents a 5.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.46% of the company’s stock.

ANSYS Stock Performance

Shares of ANSS stock opened at $341.43 on Wednesday. The company has a current ratio of 3.11, a quick ratio of 3.11 and a debt-to-equity ratio of 0.13. The firm has a fifty day simple moving average of $344.04 and a two-hundred day simple moving average of $331.13. ANSYS, Inc. has a 12 month low of $289.82 and a 12 month high of $363.03. The firm has a market capitalization of $29.86 billion, a PE ratio of 52.69, a price-to-earnings-growth ratio of 3.61 and a beta of 1.12.

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.