Apollon Wealth Management LLC Lowers Stock Holdings in ANSYS, Inc. (NASDAQ:ANSS)

Apollon Wealth Management LLC decreased its position in shares of ANSYS, Inc. (NASDAQ:ANSS) by 4.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,088 shares of the software maker’s stock after selling 50 shares during the period. Apollon Wealth Management LLC’s holdings in ANSYS were worth $347,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in ANSS. Avantax Advisory Services Inc. raised its position in ANSYS by 14.5% during the first quarter. Avantax Advisory Services Inc. now owns 931 shares of the software maker’s stock valued at $323,000 after purchasing an additional 118 shares in the last quarter. O Shaughnessy Asset Management LLC raised its position in ANSYS by 5.1% during the first quarter. O Shaughnessy Asset Management LLC now owns 4,436 shares of the software maker’s stock valued at $1,540,000 after purchasing an additional 215 shares in the last quarter. UniSuper Management Pty Ltd raised its position in ANSYS by 32.3% during the first quarter. UniSuper Management Pty Ltd now owns 13,931 shares of the software maker’s stock valued at $4,836,000 after purchasing an additional 3,400 shares in the last quarter. New Age Alpha Advisors LLC purchased a new position in shares of ANSYS in the first quarter worth about $4,860,000. Finally, Lake Street Advisors Group LLC increased its holdings in shares of ANSYS by 35.8% in the first quarter. Lake Street Advisors Group LLC now owns 793 shares of the software maker’s stock worth $275,000 after buying an additional 209 shares during the period. Hedge funds and other institutional investors own 92.39% of the company’s stock.

ANSYS Stock Down 2.3 %

NASDAQ ANSS opened at $332.38 on Monday. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.11 and a quick ratio of 3.11. The stock has a market capitalization of $29.07 billion, a PE ratio of 51.29, a PEG ratio of 3.76 and a beta of 1.11. ANSYS, Inc. has a 1 year low of $275.81 and a 1 year high of $364.31. The business’s 50-day moving average is $324.95 and its 200 day moving average is $322.36.

Analyst Ratings Changes

Several research analysts have recently commented on ANSS shares. Robert W. Baird lifted their price objective on ANSYS from $350.00 to $365.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Rosenblatt Securities decreased their price objective on ANSYS from $345.00 to $335.00 and set a “neutral” rating on the stock in a report on Tuesday, August 6th. Finally, StockNews.com downgraded ANSYS from a “buy” rating to a “hold” rating in a report on Thursday. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, ANSYS has a consensus rating of “Hold” and a consensus target price of $342.50.

Insider Buying and Selling

In related news, Director Glenda Dorchak sold 152 shares of the firm’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $313.61, for a total value of $47,668.72. Following the sale, the director now directly owns 3,630 shares of the company’s stock, valued at $1,138,404.30. This trade represents a 4.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.46% of the stock is owned by insiders.

ANSYS Company 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.