Rhumbline Advisers Sells 994 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Rhumbline Advisers lowered its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS) by 0.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 158,163 shares of the software maker’s stock after selling 994 shares during the quarter. Rhumbline Advisers’ holdings in ANSYS were worth $53,353,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Ameliora Wealth Management Ltd. purchased a new stake in ANSYS during the 4th quarter valued at approximately $27,000. Intact Investment Management Inc. purchased a new position in ANSYS during the third quarter valued at $70,000. Brooklyn Investment Group purchased a new position in ANSYS during the third quarter valued at $119,000. Wilmington Savings Fund Society FSB bought a new stake in ANSYS in the 3rd quarter valued at $174,000. Finally, Cyndeo Wealth Partners LLC bought a new position in shares of ANSYS during the 4th quarter valued at about $201,000. Hedge funds and other institutional investors own 92.39% of the company’s stock.

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 completion of the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.46% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on ANSS. StockNews.com cut ANSYS from a “buy” rating to a “hold” rating in a report on Monday, January 6th. Robert W. Baird lifted their price objective 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 given a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $346.67.

ANSYS Trading Down 0.1 %

Shares of ANSS stock opened at $338.93 on Monday. The company has a market cap of $29.64 billion, a PE ratio of 52.30, a price-to-earnings-growth ratio of 3.61 and a beta of 1.12. ANSYS, Inc. has a 1 year low of $289.82 and a 1 year high of $363.03. The stock’s 50 day simple moving average is $343.07 and its two-hundred day simple moving average is $331.80. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.11 and a quick ratio of 3.11.

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.