ANSYS, Inc. (NASDAQ:ANSS) Shares Sold by Brown Capital Management LLC

Brown Capital Management LLC decreased its position in shares of ANSYS, Inc. (NASDAQ:ANSS) by 16.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 458,964 shares of the software maker’s stock after selling 89,830 shares during the period. ANSYS accounts for approximately 3.1% of Brown Capital Management LLC’s portfolio, making the stock its 15th largest holding. Brown Capital Management LLC owned approximately 0.52% of ANSYS worth $146,240,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. DT Investment Partners LLC grew its position in shares of ANSYS by 888.9% in the second quarter. DT Investment Partners LLC now owns 89 shares of the software maker’s stock valued at $29,000 after purchasing an additional 80 shares during the period. Redwood Wealth Management Group LLC acquired a new position in shares of ANSYS in the 2nd quarter valued at $32,000. Rothschild Investment LLC purchased a new stake in shares of ANSYS during the 2nd quarter valued at $38,000. Bangor Savings Bank increased its holdings in shares of ANSYS by 32.7% during the 3rd quarter. Bangor Savings Bank now owns 138 shares of the software maker’s stock worth $44,000 after buying an additional 34 shares during the last quarter. Finally, DiNuzzo Private Wealth Inc. boosted its holdings 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 acquiring an additional 170 shares during the last quarter. 92.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ANSS has been the subject of a number of research reports. StockNews.com cut ANSYS from a “buy” rating to a “hold” rating in a report on Thursday, November 14th. Robert W. Baird upped their price target 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. Finally, Rosenblatt Securities reduced their price objective on ANSYS from $345.00 to $335.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, ANSYS has a consensus rating of “Hold” and an average target price of $342.50.

ANSYS Price Performance

ANSS opened at $342.24 on Thursday. The company has a market capitalization of $29.93 billion, a P/E ratio of 52.81, a PEG ratio of 3.84 and a beta of 1.11. The company has a 50-day moving average of $326.59 and a 200-day moving average of $322.79. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.11 and a current ratio of 3.11. ANSYS, Inc. has a 1-year low of $275.81 and a 1-year high of $364.31.

Insider Activity at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 152 shares of the company’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $313.61, for a total value of $47,668.72. Following the completion of the transaction, the director now owns 3,630 shares in the company, valued at approximately $1,138,404.30. This represents a 4.02 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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.