ANSYS, Inc. (NASDAQ:ANSS) Stock Position Reduced by Park Place Capital Corp

Park Place Capital Corp decreased its stake in ANSYS, Inc. (NASDAQ:ANSS) by 50.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 262 shares of the software maker’s stock after selling 262 shares during the quarter. Park Place Capital Corp’s holdings in ANSYS were worth $88,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Bangor Savings Bank raised its holdings in shares of ANSYS by 32.7% during the third quarter. Bangor Savings Bank now owns 138 shares of the software maker’s stock worth $44,000 after acquiring an additional 34 shares in the last quarter. DiNuzzo Private Wealth Inc. increased its position in ANSYS by 2,833.3% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 176 shares of the software maker’s stock worth $56,000 after purchasing an additional 170 shares during the last quarter. Intact Investment Management Inc. purchased a new stake in shares of ANSYS during the 3rd quarter worth about $70,000. Brooklyn Investment Group acquired a new stake in shares of ANSYS during the 3rd quarter valued at about $119,000. Finally, Asset Dedication LLC grew its stake in shares of ANSYS by 35.1% in the 3rd quarter. Asset Dedication LLC now owns 385 shares of the software maker’s stock valued at $123,000 after buying an additional 100 shares in the last quarter. Institutional investors and hedge funds own 92.39% of the company’s stock.

Analysts Set New Price Targets

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

ANSYS Stock Up 1.3 %

Shares of ANSS stock opened at $356.63 on Thursday. The stock’s 50 day simple moving average is $342.88 and its 200 day simple moving average is $328.44. ANSYS, Inc. has a twelve month low of $289.82 and a twelve month high of $363.03. 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 company has a market capitalization of $31.19 billion, a price-to-earnings ratio of 55.04, a PEG ratio of 3.65 and a beta of 1.11.

Insider Buying and Selling at ANSYS

In related 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 sale, the director now directly owns 3,430 shares of the company’s stock, valued at approximately $1,154,606.60. This represents a 5.51 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.46% of the company’s stock.

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.