ANSYS, Inc. (NASDAQ:ANSS) Shares Sold by Arkadios Wealth Advisors

Arkadios Wealth Advisors reduced its position in ANSYS, Inc. (NASDAQ:ANSS) by 4.6% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 4,580 shares of the software maker’s stock after selling 220 shares during the quarter. Arkadios Wealth Advisors’ holdings in ANSYS were worth $1,545,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of ANSS. Bangor Savings Bank increased its stake in shares of ANSYS by 32.7% during the third quarter. Bangor Savings Bank now owns 138 shares of the software maker’s stock worth $44,000 after acquiring an additional 34 shares during the period. DiNuzzo Private Wealth Inc. boosted its holdings in ANSYS by 2,833.3% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 176 shares of the software maker’s stock valued at $56,000 after purchasing an additional 170 shares in the last quarter. Intact Investment Management Inc. acquired a new position in ANSYS during the 3rd quarter worth approximately $70,000. Brooklyn Investment Group purchased a new position in shares of ANSYS during the 3rd quarter worth approximately $119,000. Finally, Asset Dedication LLC lifted its holdings in shares of ANSYS by 35.1% in the 3rd quarter. Asset Dedication LLC now owns 385 shares of the software maker’s stock valued at $123,000 after buying an additional 100 shares during the period. 92.39% of the stock is owned by institutional investors and hedge funds.

ANSYS Stock Performance

Shares of ANSS stock opened at $349.93 on Monday. 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 stock has a market cap of $30.60 billion, a PE ratio of 54.00, a P/E/G ratio of 3.52 and a beta of 1.11. ANSYS, Inc. has a 1 year low of $289.82 and a 1 year high of $363.03. The stock has a fifty day moving average price of $342.66 and a 200 day moving average price of $328.13.

Insider Buying and Selling

In other ANSYS news, Director Glenda Dorchak sold 200 shares of ANSYS stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $336.62, for a total transaction of $67,324.00. Following the completion of the transaction, the director now owns 3,430 shares in the company, valued at approximately $1,154,606.60. The trade was a 5.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.46% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on ANSS. StockNews.com lowered ANSYS from a “buy” rating to a “hold” rating in a report on Monday, January 6th. Robert W. Baird increased 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 given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $346.67.

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.