ANSYS, Inc. (NASDAQ:ANSS) Holdings Increased by Procyon Advisors LLC

Procyon Advisors LLC increased its stake in ANSYS, Inc. (NASDAQ:ANSS) by 2.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,314 shares of the software maker’s stock after acquiring an additional 51 shares during the period. Procyon Advisors LLC’s holdings in ANSYS were worth $781,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Nomura Asset Management Co. Ltd. boosted its stake in ANSYS by 7.2% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 28,351 shares of the software maker’s stock valued at $9,033,000 after purchasing an additional 1,914 shares in the last quarter. Caldwell Investment Management Ltd. acquired a new stake in shares of ANSYS in the third quarter valued at $1,560,000. Sumitomo Mitsui Trust Group Inc. grew its holdings in ANSYS by 3.3% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 518,779 shares of the software maker’s stock worth $165,299,000 after acquiring an additional 16,462 shares during the period. KBC Group NV grew its holdings in ANSYS by 20.9% during the third quarter. KBC Group NV now owns 110,928 shares of the software maker’s stock worth $35,345,000 after acquiring an additional 19,149 shares during the period. Finally, CIBC Asset Management Inc raised its position in ANSYS by 5.9% in the third quarter. CIBC Asset Management Inc now owns 27,116 shares of the software maker’s stock worth $8,640,000 after acquiring an additional 1,518 shares in the last quarter. Institutional investors and hedge funds own 92.39% of the company’s stock.

Insider Activity

In other ANSYS news, Director Glenda Dorchak sold 200 shares of ANSYS stock in a transaction that occurred 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 transaction, the director now directly 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 document filed with the SEC, which is accessible through this hyperlink. 0.46% of the stock is owned by company insiders.

ANSYS Price Performance

ANSS stock opened at $349.93 on Friday. ANSYS, Inc. has a one year low of $289.82 and a one year high of $363.03. The firm has a 50-day moving average of $342.66 and a two-hundred day moving average of $328.12. The firm has a market capitalization of $30.60 billion, a PE ratio of 54.00, a P/E/G ratio of 3.52 and a beta of 1.11. The company has a current ratio of 3.11, a quick ratio of 3.11 and a debt-to-equity ratio of 0.13.

Analyst Ratings Changes

ANSS has been the topic of several recent research reports. StockNews.com cut shares of ANSYS from a “buy” rating to a “hold” rating in a research note on Monday, January 6th. Robert W. Baird lifted 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. One equities 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. Based on data from MarketBeat, ANSYS currently has an average rating of “Hold” and an average target price of $346.67.

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.