ANSYS, Inc. (NASDAQ:ANSS) Stock Position Lessened by V Square Quantitative Management LLC

V Square Quantitative Management LLC decreased its holdings in ANSYS, Inc. (NASDAQ:ANSS) by 5.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,132 shares of the software maker’s stock after selling 113 shares during the quarter. V Square Quantitative Management LLC’s holdings in ANSYS were worth $719,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Ameliora Wealth Management Ltd. bought a new position in shares of ANSYS in the fourth quarter worth $27,000. DiNuzzo Private Wealth Inc. grew its stake in shares of ANSYS by 2,833.3% in the third quarter. DiNuzzo Private Wealth Inc. now owns 176 shares of the software maker’s stock worth $56,000 after purchasing an additional 170 shares in the last quarter. Intact Investment Management Inc. bought a new position in shares of ANSYS in the third quarter worth $70,000. Brooklyn Investment Group bought a new position in shares of ANSYS in the third quarter worth $119,000. Finally, Asset Dedication LLC grew its stake in shares of 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 in the last quarter. Institutional investors own 92.39% of the company’s stock.

ANSYS Trading Down 0.1 %

Shares of ANSS stock opened at $338.93 on Friday. 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 fifty-two week low of $289.82 and a fifty-two week high of $363.03. The stock has a market capitalization of $29.64 billion, a P/E ratio of 52.30, a P/E/G ratio of 3.61 and a beta of 1.12. The stock has a 50-day simple moving average of $343.20 and a 200 day simple moving average of $331.41.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ANSS. Robert W. Baird raised their target price on ANSYS from $350.00 to $365.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. StockNews.com cut ANSYS from a “buy” rating to a “hold” rating in a research note on Monday, January 6th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $346.67.

Insiders Place Their Bets

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the business’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $336.62, for a total transaction of $67,324.00. Following the sale, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.46% of the company’s stock.

ANSYS 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.