ANSYS, Inc. (NASDAQ:ANSS) Shares Sold by Riverbridge Partners LLC

Riverbridge Partners LLC trimmed its position in shares of ANSYS, Inc. (NASDAQ:ANSS) by 5.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 348,198 shares of the software maker’s stock after selling 19,842 shares during the quarter. ANSYS makes up 1.6% of Riverbridge Partners LLC’s portfolio, making the stock its 20th biggest holding. Riverbridge Partners LLC owned 0.40% of ANSYS worth $117,458,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Bangor Savings Bank boosted its position in shares of ANSYS by 32.7% in 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 in the last quarter. DiNuzzo Private Wealth Inc. lifted its holdings in shares of 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 purchasing an additional 170 shares in the last quarter. Intact Investment Management Inc. acquired a new stake in shares of ANSYS in the third quarter valued at approximately $70,000. Brooklyn Investment Group purchased a new position in shares of ANSYS during the 3rd quarter worth approximately $119,000. Finally, Asset Dedication LLC raised its position in shares of ANSYS by 35.1% during 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 during the last quarter. Institutional investors and hedge funds own 92.39% of the company’s stock.

ANSYS Stock Up 1.3 %

Shares of NASDAQ ANSS opened at $356.63 on Thursday. The firm’s 50 day moving average price is $342.88 and its 200 day moving average price is $328.44. 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 firm has a market cap of $31.19 billion, a P/E ratio of 55.04, a price-to-earnings-growth ratio of 3.65 and a beta of 1.11. ANSYS, Inc. has a 1 year low of $289.82 and a 1 year high of $363.03.

Insider Transactions at ANSYS

In related news, Director Glenda Dorchak sold 200 shares of the firm’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $336.62, for a total value of $67,324.00. Following the sale, the director now directly owns 3,430 shares of the company’s stock, 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.46% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on ANSS. StockNews.com cut ANSYS from a “buy” rating to a “hold” rating in a report on Monday, January 6th. Robert W. Baird upped their price objective on ANSYS from $350.00 to $365.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, ANSYS 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.