ANSYS, Inc. (NASDAQ:ANSS) Shares Sold by Ballentine Partners LLC

Ballentine Partners LLC reduced its stake in ANSYS, Inc. (NASDAQ:ANSS) by 4.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,262 shares of the software maker’s stock after selling 58 shares during the period. Ballentine Partners LLC’s holdings in ANSYS were worth $426,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other news, Director Glenda Dorchak sold 200 shares of ANSYS stock in a transaction on Monday, January 13th. The stock was sold at an average price of $336.62, for a total transaction of $67,324.00. Following the transaction, the director now directly owns 3,430 shares in the company, valued at approximately $1,154,606.60. This trade represents a 5.51 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.46% of the stock is owned by corporate insiders.

ANSYS Stock Up 1.0 %

ANSS stock opened at $360.36 on Friday. The firm’s 50-day moving average is $343.13 and its two-hundred day moving average is $328.64. The company has a market capitalization of $31.51 billion, a price-to-earnings ratio of 55.61, a price-to-earnings-growth ratio of 3.67 and a beta of 1.11. ANSYS, Inc. has a 52 week low of $289.82 and a 52 week 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.

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.