Aurora Investment Managers LLC. Sells 87 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Aurora Investment Managers LLC. reduced its stake in ANSYS, Inc. (NASDAQ:ANSS) by 3.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,649 shares of the software maker’s stock after selling 87 shares during the quarter. Aurora Investment Managers LLC.’s holdings in ANSYS were worth $894,000 as of its most recent filing with the Securities & Exchange Commission.

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

ANSYS Price Performance

ANSS opened at $349.93 on Tuesday. The company’s 50-day simple moving average is $342.66 and its two-hundred day simple moving average is $328.13. 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 market capitalization of $30.60 billion, a P/E ratio of 54.00, a P/E/G ratio of 3.52 and a beta of 1.11. ANSYS, Inc. has a 52-week low of $289.82 and a 52-week high of $363.03.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on ANSS shares. StockNews.com lowered shares of ANSYS from a “buy” rating to a “hold” rating in a research note on Monday, January 6th. Robert W. Baird boosted their price objective on shares of ANSYS from $350.00 to $365.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, ANSYS has a consensus rating of “Hold” and a consensus target price of $346.67.

Insider Activity

In related news, Director Glenda Dorchak sold 200 shares of the company’s 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 owns 3,430 shares in the company, valued at approximately $1,154,606.60. This represents a 5.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.46% of the stock is owned by corporate insiders.

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.