Stephens Investment Management Group LLC Cuts Stake in ANSYS, Inc. (NASDAQ:ANSS)

Stephens Investment Management Group LLC lessened its stake in ANSYS, Inc. (NASDAQ:ANSS) by 17.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 72,336 shares of the software maker’s stock after selling 15,524 shares during the quarter. Stephens Investment Management Group LLC’s holdings in ANSYS were worth $24,401,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ANSS. Apollon Wealth Management LLC increased its holdings in ANSYS by 17.6% in the 4th quarter. Apollon Wealth Management LLC now owns 1,279 shares of the software maker’s stock valued at $431,000 after acquiring an additional 191 shares during the last quarter. Ameliora Wealth Management Ltd. bought a new stake in shares of ANSYS in the fourth quarter worth about $27,000. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of ANSYS by 1.3% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 525,565 shares of the software maker’s stock worth $177,289,000 after buying an additional 6,786 shares in the last quarter. Strategic Financial Concepts LLC bought a new position in ANSYS during the fourth quarter valued at approximately $5,576,000. Finally, Bleakley Financial Group LLC boosted its stake in ANSYS by 4.7% during the fourth quarter. Bleakley Financial Group LLC now owns 1,928 shares of the software maker’s stock valued at $650,000 after buying an additional 87 shares during the last quarter. Institutional investors own 92.39% of the company’s stock.

Insiders Place Their Bets

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

ANSYS Price Performance

Shares of ANSYS stock opened at $344.86 on Monday. The stock has a market cap of $30.16 billion, a price-to-earnings ratio of 53.22, a price-to-earnings-growth ratio of 3.61 and a beta of 1.12. 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 50 day moving average price of $344.21 and a 200-day moving average price of $330.76. ANSYS, Inc. has a one year low of $289.82 and a one year high of $363.03.

Wall Street Analyst Weigh In

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