ANSYS, Inc. (NASDAQ:ANSS) Shares Sold by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC lessened its position in shares of ANSYS, Inc. (NASDAQ:ANSS) by 2.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 46,259 shares of the software maker’s stock after selling 1,190 shares during the period. Chevy Chase Trust Holdings LLC owned about 0.05% of ANSYS worth $15,605,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. First Merchants Corp grew its holdings in ANSYS by 1.6% during the 4th quarter. First Merchants Corp now owns 10,095 shares of the software maker’s stock worth $3,405,000 after acquiring an additional 156 shares in the last quarter. Catalyst Financial Partners LLC acquired a new position in ANSYS during the 4th quarter worth approximately $210,000. Phraction Management LLC acquired a new position in ANSYS during the 4th quarter worth approximately $1,716,000. Fiera Capital Corp grew its holdings in ANSYS by 8.8% during the 4th quarter. Fiera Capital Corp now owns 168,992 shares of the software maker’s stock worth $57,006,000 after acquiring an additional 13,678 shares in the last quarter. Finally, Portfolio Design Labs LLC acquired a new position in ANSYS during the 4th quarter worth approximately $279,000. Institutional investors and hedge funds own 92.39% of the company’s stock.

Wall Street Analysts Forecast Growth

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

ANSYS Stock Down 0.1 %

ANSS stock opened at $338.93 on Friday. The company has a fifty day moving average price of $343.07 and a 200 day moving average price of $331.61. ANSYS, Inc. has a 12 month low of $289.82 and a 12 month high of $363.03. The company has a market cap of $29.64 billion, a price-to-earnings ratio of 52.30, 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 current ratio of 3.11 and a quick ratio of 3.11.

Insider Activity at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the company’s stock in a transaction on Monday, January 13th. The shares were sold at an average price of $336.62, for a total transaction of $67,324.00. Following the completion of the transaction, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.46% of the stock is owned by insiders.

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.